All Forum Posts by: Mark F.

@Scott Harper thank you for the congrats, I appreciate it, sorry to say I don't have any experience with properties in Plainfield. I mostly have properties in Elgin, South Elgin, Carpentersville area, I have one flip we are working on in West Chicago at the moment and just closed on a property in East Dundee on Friday that we'll get started on soon.

Hello @Scott Harper welcome- I've done a lease purchase option once but it was with someone I knew, best thing to do is use the search feature here and see what has already been posted and discussed. 

Good luck to you on your REI endeavor, I'm not too far from you, let me know if there is anything I can help with.

Mark

Be thankful they didn't take your offer already or you'd be out all that money just because the scared you, as everyone else has said and agrees - you have nothing to worry about.

@Rodney Buford I can't say for sure if my Broker @Zack Karp can help in your state but I presume he will chime in soon, if he can he and his team are top notch and are definitely investor friendly and I highly recommend them. 

Good luck with whichever way you decide to proceed.

Mark 

@Mark Ainley Eric and Renovo were my recommendation as well. 

Eric is awesome as is everyone on staff at Renovo that I have dealt with, I have had 4 loans with them since April and that connection has worked out very well for me,
 all thanks to you sir!

@Stone Timber - Mark Ainley is the one who originally recommended Renovo to me =)

@Nino Alfano yea check and see, last I heard was they were not lending in IL but if you need a replacement you won't be disappointed with Renovo, PM me and I'll give you the number/email for the VP of Lending if you need. 

Mark 

@Nino Alfano, last one I had with LendigHome I refi'd out of in February and at that time they said they were "currently not lending in Illinois", that may have since changed.  After that I had asked a local investor and I was recommended to Renovo Financial and have been very happy with them and in fact I like Renovo better. They are local, respond to any emails/questions right away and I even have the cell number of the VP of lending, hell he's even come out to the projects I'm working on. The entire staff that I have dealt with has always been top notch and put customer service first. 

Are the loans you have with LendingHome from this year? Also just wondering are they in your personal name or an LLC? The ones I had with LendingHome were in my personal name and that's what might have caught them up with lending in Illinois. Renovo does/did require an LLC for funding.

@Stone Timber if you are looking for a HML I HIGHLY recommend Renov Financial, I have been using them for the last few deals I have had this year after LendingHome stopped funding in Illinois.

With that said, Renovo's staff has been top notch, they are based out of Chicago, can fund within 10 days and have been very good to me and I can't speak positively enough about them. Reach out Eric Workman, he is the VP of Lending and he will help you out however they can.

https://www.renovofinancial.com/

I am not associated with them in any, just a very happy customer.

Mark 

@Chris Bell - sounds good, if you don't mind please post an update when you have one, thanks. 

@Chris Bell sorry you are going through this, believe me I completely understand the frustrations. I've learned my lesson with them and hope to at least educate others on my experience so as they move forwarded they can make an informed decision. With that said, again I highly recommend Renovo Financial, they are top notch and I have done 4 deals with them since April and they have been amazing. I was told, just today in fact, by the VP of Lending that they have a new product that is in the process of being released for long term rental financing as well as the HML lending they do now.