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All Forum Posts by: Melvin Estrict

Melvin Estrict has started 6 posts and replied 26 times.

Post: low income Multi family housing

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

chris i am local and experienced in getting real estate investment deals done. reach out to me...i can help.

Post: Looking for a lender in Alabama

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

if you are still interested in partnering with a competent investment real estate lender i can help. hard money, deal structure and real estate collateral deals all day!

Post: New Investor in Huntsville, AL- Looking to network

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

i am in Alabama as well. i can help with funding and lenders that can help structure deals. i have hard money, non conforming debt and equity relationships.

Sprout offered to set up my LLC with it's own credit...totally separate from my individual credit. The fee is $3500 to secure between 150 and 300k. Would you recommend them?

Post: Sprout Financial Line of Credit

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

Sprout offered to set up my LLC with it's own credit...totally separate from my individual credit. The fee is $3500 to secure between 150 and 300k. Would you recommend them?

Post: Hard money/private money Alabama

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

I know of one lender who WILL lend in the Birmingham area:

65% ltv

acquisition and renovation funds

minimum 25k

I'll find out the costs if that's something you're interested in...

Congratulations on your six years of BIGGER POCKETS!
i joined Bigger Pockets last year...i stepped way for a while and honestly say that i have missed the interaction with this group of specialists. their IS a positive and progressive experience when interacting with the Bigger Pockets Community.
BTW...this is not a paid announcement:) congrats!

Post: Potential Deal II - Flip To Buyer

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

i live in alabama. interested in the property tell me more. why are you selling?
thanks,

Post: New from Birmingham AL

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

first it would depend on your specific goals. a "brand" like remax provides you with a "Pre-sell" due to its name recognition as well as potential training and support from its franchise network. the latter (i'm not familiar with) sounds like a more local entity that may have the benefit of increased income streams because of its investors network. on the other hand you may still have the access of the REO that remax has exposure to as well. in my, opinion if you are relatively new without much of a following i would recommend remax because of the affiliation with the "brand" allows you an advantage PROVIDED you work to take advantage of it. that is not to take anything form the other choice either. it really comes down to preference.
i am a mortgage consultant here in selma alabama and i will pm you once we are colleagues...welcome

Post: Finding IRA investors

Melvin EstrictPosted
  • Investor
  • Uniontown, AL
  • Posts 30
  • Votes 4

how do you get SDIRA'S to invest in your projects? are there any businesses that guide SDIRA'S or advise holders on investments that i can contact?