All Forum Posts by: Sean Macneir

In the hard money world this gets brought up a lot. I love the guidance of telling others here they need to be well funded. A lot of new investors are hearing a lot of zero down, subject too, and silent second positions. They can be all dangerous and some often carry legal risk. Listen to the people who tell you to have ample liquidity. Subject too you can get in low cost or free but the risks associated come with the need for money, silent seconds can ruin your personal life and make refinances possibly impossible or can sink the investment throughout or after liquidation. Nothing is free in real estate. Even if you use an outside PML, silent seconds and business credit to "show" liquidity to close. The rates and stipulations attached can most definitely ruin however far you get on those means. Liquidity is equity, equity gives you protection from any lien holder whether seller, bank, HML, or PML. Don't fall for the getting into it free plan. Save up some money and buy within your means of projected risks. Understand the contracts you sign and how each detail of the investment can be effected in each scenario. Happy hunting gents and ladies.

Hello Mike, Sean Macneir with Optimus Capital. We're a nationwide hard money lender and this fits within our wheelhouse. I'd love to open up some dialogue and see how to best assist you with this. Regardless of the tight time frame. we do up to 85% on the purchase and cash out up to 75% LTV. Rates start in the 6%s. Give me a call at 954.868.4046

Covering the vents and not running the AC would have been proper. Opening all the doors and windows to draw the dust outside with fans blowing towards the exits as well is good practice. I mean if you checked/changed the air filters and it/they were built up solid with dust and debris that could definitely aid in burning out a capacitor, but they do take time to burn out. Basically a restricted unit can definitely burn out a capacitor and anytime you set a unit too low causing it to  struggle to keep up (ex. set at 69 but it never drops below 76…) will keep a unit running 24/7. Which for most units is over working it. This leads to negative effects and needs for repair.