All Forum Posts by: Marcus Ivery

Yes, they did!  I've used them for the past 3 properties and I'm about to close on a 6-unit apartment building with them as my lender.  Dan Grubb and Kevin Obal are great!

Hello Everyone, 

I'm looking for reliable property management for my Mobile Home Park in Dallas, Georgia (about 45 mins from Atlanta).  Does anyone have a good property management company they would recommend for a Mobile Home Park in this area?  Thanks in advance!

Marcus

Hey Bryan,

It looks like a good deal to me. Don't forget to include your refinancing closing cost into your calculations ($5000 or so depending on the location). Not sure if Navy Federal will charge a point or two on the closing as well, but after all of that it looks like your rough numbers would be around $10K at the end of it all (at 80% LTV) to reinvest into your next project. Best of luck to you, sounds like a fun deal!

Marcus 

@Taylor Hudgins I haven’t tried them but I’d definitely be interested in their contact info. Thank you for the quick reply!

Hello Everyone,

Does anyone who lives or has property in Hampton Roads, Virginia know where there is a regional bank that offers lending for BRRRR properties/deals? Thank you in advance!

Marcus

It's bank owned and the bank was not allowing access to the house prior to closing.  I've checked with the city and there are no liens or outstanding taxes on the property, which is nice.

Hello Everyone,

I just recently bought my first bank-owned property at auction and planned to use a hard money lender for 90% of the acquisition cost and 100% of the maintenance costs. However, my preferred hard money lender is stating they can't provide funding since the bank is not authorizing access to the inside of the house prior to closing. Does anyone have recommendations on 1) how to ask the bank who owns the property for access to the house or 2) how to ask hard money (or private) lenders to waive the need to access the inside of an REO prior to closing?

Any help would be greatly appreciated!

Marcus