All Forum Posts by: Marcus Britton

Thanks

Does anyone know of any hedgefund reps who buy in Kentucky and Indiana? Some have stopped purchasing here. 

Come check out our new construction at 2010 and 2012 West Chestnut, Louisville, KY. https://www.facebook.com/marcu...

Our company has been approached by a few people who offer Average interest rates of 6%-12% 60 month loans, however they are charging a 15% finders fee. Is there a way to get around these finders? I want the lender not the finder. I would give 10% for the unsecured loans. 

I received a message from him out of the blue wanting to finance me. After doing my due diligence, I come across this forum. So has anyone found an alternative private lender with decent rates?  

For new investors, Surepoint is asking for 20% down and to show liquidity of roughly 35% for the total borrowed. M&M Lending are also asking for a lot to be brought to the table, and I am sure that Flippin loans is as well. After the storm is over, they may go back to normal 10% down, but they are defiantly going to ask for a lot of skin in the game.  

I am in the Louisville, KY area, and a 13 year veteran investor and I brrrr every chance I get. I am wondering if it would be better to take an unsecured loan, buy, fix up and then roll into permanent financing. It appears that it would be easier to move to your next project, and eliminate the red tape and hoops from regular banks, and eliminate the hard money guys.

Has anyone used this strategy, and do you recommend any unsecured sources? 

The three hard money players in Louisville will require a down payment. During this current time (Covid) they are really asking a lot from new investors. It would be wise to get your long term financing in place first, dealing with the hard money guys can be expensive. 

Greetings Bigger Pockets, I am in the Southern Indiana, Louisville, Ky area. I currently have 14 rentals, and about to sell my 2nd flip. Currently looking to find other financing options, investment opportunities and networking.  

I have been building my rental portfolio for 10 years in the Louisville area and a lot are section 8. I recently completed and sold my first flip, and just closed on my second one. I am ready to go to the next level with multi unit properties. Looking to make all aspects of my team stronger.