All Forum Posts by: Millie H.

Hi @Account Closed, 

I grew up in Santa Ynez and am very familiar with Lompoc. Are you looking in Lompoc because you live there? Just wondering where the interest in Lompoc has steamed from? We do most of our buy and hold properties in Cleveland, OH. 

What are some of the creative ways you finance deals? 

Of course, there are so many ways to structure financing depending on the specific situation. It would be great to share some creative methods that have been advantageous in the past! Hopefully we can all benefit from sharing our experiences. 

We have built business credit through Unsecured working capital such as a business  credit cards, lines of credit, and small business loans. Very often the monies are used in conjunction with an additional funding source. For example, we pair the unsecured capital with a Hard Money or a Subject To deal. We find that it's beneficial to have an open source to pull funds from quickly, meaning we can move quick and get the deal done. We are looking forward to getting to a point with our financing in which we can just use the funds in the Line of credit (4% when used) to finance the full project and a couple at a time. 

What are some of your financing structures?

@Rodney Buford Although there are some lenders that do charge an upfront fee to do business, it is definitely not the standard and you had every right to be concerned. 

@Jay Hinrichs made a couple great points. For one, the interest rate they advertised is complete non-sense. Private money is going to be more expensive than conventional financing. Second, that contract was not written by a professional. No reputable company would use a contract that has grammatical errors like that. 

I would continue to be skeptical of any financing company that charges an upfront fee as it tells me that's where they make their money, not the actual lending. 

Purchase Price: 99,900

ARV: 130k

Rental Rate: 1,045/mth

This is a 4/2 cash flowing property located in Parma OH.

PARMA RENTAL WITH LONG TERM TENANT!

1045/month

Tenant pays water and sewer.

Been at property 3 years!

New Roof

New furnace

New water tank

Updated electrical panel

New kitchen.

2 new baths. (the one is getting refitted for handicap accessibility for the tenant.)

Get in contact with us for full details and access. 

So sad we didn't see this event sooner as we are now all booked up for the evening! 

My husband and I have a couple of projects available in Shaker and all over Cleveland right now (some will be assignments). 

We love connecting with other investors and learning all of the different ways investors are working in the area. 

Purchase Price: 106k

ARV: 354,100

4/3
Over 2,500 sqft

No major structural issues with this one!

Needs a reconfiguration and rehab to update. Also needs a garage (there is more than enough space). Investor's - reach out to me and we can get your contractor in ASAP. We had our's walk it already and the number's are looking great!

Make a 20% profit with your eyes closed!

Move in ready 3 BR / 4 BA property with just over 2,500 sqft.

This large home has hardwood floors throughout, has had a complete kitchen remodel including a stainless countertop stove, stainless dishwasher, and stainless backsplash, updated main bathroom, and plenty of space.

Features a glass-enclosed porch, oversized fireplace, and jacuzzi tub in the main bedroom. This home has plenty of windows to let in tons of natural light.

Above the attached two car garage, sits another apartment; complete with its own kitchenette and bathroom.

House comes with plat next to it for additional outdoor living space and an additional driveway for more parking.

Purchase Price: 50,000

ARV: 80,000

Rental Rate: 750

Also has apartment above garage that can be rented. 

Click Here for More Pictures

Click Here for Rentometer Report

3/1, 1,429 sqft

Purchase Price: 10k OBO (Includes Assignment Fee)

Rental Rate Estimate: $750/mth

Click Here For Pictures

Click Here For Rentometer Report

Contact me for more details. 

Yes, I will send you a PM with the address. 

Buy and hold property in up and coming area (considered safe area on Trulia). Lot's of flip properties just a couple of street away. It won't be long before this property is worth a lot of $$$

Rental rates are high here and properties are difficult to find.

This one doesn't work for my group as we are concentrated on flipping and not holding.

We can get you or your people in to view anytime.

Kitchen and bathroom needs upgrading, interior paint, and beautiful wood floors need refinishing.