All Forum Posts by: Lynne Jacob

Hi again, @Mike Lambert. I just sent you a PM but it didn't go through, it tells me. Might you be attending an event this Saturday in Montreal --with the focus on investing in the U.S.?  PM me if you'd like to know more.

Thank so much, @Charlie Fitzgerald.  Likewise, @Patsy Waldron, thank you.  I'll look into Marshall Reddick as well.  And @Mike Lambert -- Bonjour!!  Je voudrais qu'on se rencontre un jour.

Hi, @Khiana Thomas and @Bill Hampton.  

I, too, am investing in the Atlanta area and when I'll be in the area next week and 2 weeks after that I'd like to see if it would sync well for me to attend one of the meetings.

Unfortunately, when I went to the webpage Bill gave it says the domain expired on November 8th.

Could you provide me with a phone number? Or a newer domain name?

Thanks.

Very much appreciate your post @Chris Licavoli. It's great to hear the real stuff.  And congratulations on your success!@Chris Licavoli

Great question, Rafael.  I just posted a somewhat similar one. :-)  I look forward to reading the answers you receive. 

Hey, folks.  Question about getting a mortgage.  This would be my first property acquired outside of Canada.

It's already rented. I'd like to leave it that way.  Turn-key.  I'd only rehab it once/if the tenants left as it's already profitable.

I've done some research on getting funding but I'm hearing from private lenders (not hard-money lenders) that "Private Lending" is meant to facilitate getting title to the property; then one refinances.  Sounds like a lot of time, work, hassle and expense.

Do you know of non-conventional lenders who lend to Canadians for longer terms, like 5+ years?

If not, do you know how successful one in my shoes might be in getting the property refinanced?

I'm driving through Atlanta next week (late Tues & Wednesday) and will be looking around and checking out the property, so all suggestions will be warmly received. 

Thanks.

Thanks, @Nathaniel Carswell. It's encouraging. For clarity, what does LTV stand for? (In my world it's "Loan to Value". :-)

And the 10k price increase, 10k increase to ?what?  Does that mean allowing only $10K for repairs, closing costs, etc.?  Or $10K for the discount?  Sorry.  I get the process.  I haven't yet learned a lot of the language.

Hi Folks,

Atlanta's a booming place, it seems.  

All of my cash buyers have told me they want a 65-75% discount, but I'm finding that once I allow for 

- rehab, of course, 

- a fee for me and 

- closing fees if it's bank-owned, the offer amount comes in around 50% of ARV.

I'd love to speak to people who ARE SUCCESSFUL in wholesaling in Atlanta.  Mind connecting with me?

Thanks.

What a BEAUTIFUL story, @Account Closed.  That's precisely what my business is all about ... helping people take that leap of faith.  I've done it. It can be scary.  But that's where the thrill is ... it's called "fear". :-)  LOVE the story!  Thanks for sharing.

My response precisely, @Jarrod English.  There simply is not any ONE SIZE that fits all situations; one RIGHT way to doing something as vast as real estate investing.  In fact, just on the weekend I drove by ... and went back ... to a "distressed" property in the Montreal area (I, too, am Canadian).  I was delighted with the find.  I talk to the owner and he's asking $420,000 for it.  Explains what all's inside, to which I responded:  One would never know from the outside.  "Yes, that's why you need to visit the property."  Whoever buys it will want to make it look palatable to come home to -- either for themselves or, in my case, another buyer or tenants.  And starting at the $400K range?  Hence, wholesaling is a GREAT way to get one's feet wet and learn other strategies than "buy & hold".  I already own 3 of those and don't have another $350-400,000 + rehab $$ .