All Forum Posts by: Monty Alston

@Justin Landesman I just realized you're in Los Angeles. I sincerely hope you, your family and friends are safe and not in harm's way. Over the past 24 months I've built two homes and renovated another, but I now realize I may have hurt my financial positioning by using all cash and not setting up some sort of LLC for these projects. I'm planning to review where I stand, considering my current low income, to explore the best path forward. Thanks Again and Stay Safe!

Thank you, Justin! That’s great information, and I really appreciate you taking the time to respond to my post. Your input is incredibly helpful. For the past two years, my primary income has been my Social Security, and my home is fully paid off. It was built using the profits from a new home build I completed in Georgia, so there has never been a mortgage on it. As a lender, does that have any impact either way? Thanks again for sharing your insights—it means a lot!

4o

Travis, you’re absolutely correct, and I truly appreciate your insight. I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially. Without going into too much detail, my current situation stems from selling a previous company via partial owner financing, only for the new owner to default on the purchase, leaving me in this position.

For traditional financing, I understand I’ll need at least one, if not two, years of solid credit history, tax filings, and other financial documentation. In the meantime, I’m exploring creative solutions to access the equity in my home while simultaneously rebuilding a credible and sustainable business. Thank you again for your thoughtful feedback!

Yes sir, that makes perfect sense to me. I’m definitely working on all of the above—just trying to fast-track things a bit to keep the momentum going. Thanks again for your advice; I really appreciate it!

4o

Not sure if this is the right place for this post, so please let me know if I should move it elsewhere. I’m reaching out to investors in the Northwest Florida area who may be looking for an experienced professional to oversee their projects.

I’m a semi-retired construction expert with decades of hands-on experience in residential construction, including site supervision, project estimation, and inspections. I’ve successfully supervised projects from start to finish and know what it takes to keep things on time, on budget, and up to quality standards.

While I’ve stepped back from the business in recent years, I’m ready to get back in the game temporarily to collaborate with easygoing and like-minded people on upcoming projects. If you need someone reliable and qualified to manage or oversee your investments, I’d love to discuss how I can bring value to your team. Let’s connect!

Travis, you’re absolutely correct, and I truly appreciate your insight. I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially. Without going into too much detail, my current situation stems from selling a previous company via partial owner financing, only for the new owner to default on the purchase, leaving me in this position.

For traditional financing, I understand I’ll need at least one, if not two, years of solid credit history, tax filings, and other financial documentation. In the meantime, I’m exploring creative solutions to access the equity in my home while simultaneously rebuilding a credible and sustainable business. Thank you again for your thoughtful feedback!

Thank you, Patrick, for taking the time to share your advice—I genuinely appreciate it! That said, in the scenario you described, I’d either end up homeless and broke or starving to death, lol, while sitting on $275K of equity. My current situation is, in part, a result of playing it too safe and avoiding risk altogether. So, while I completely understand your perspective, I’m looking for a way to balance taking calculated risks with creating a stable path forward. Again, I sincerely value your input—thank you for taking the time to help!

Hi everyone, I’m a rookie here from Northwest Florida, and I’m not sure if this is the right forum for my post, so please let me know if I should move it elsewhere. Here’s a quick summary: I’m retired but finding myself needing to re-enter the workforce. I own a fully paid-off home valued at around $275,000, but that's all I have. my credit is poor, and I’ve had minimal income over the past couple of years, which doesn’t reflect much creditworthiness. My goal is to access the equity in my home without selling it, so I can start fresh. I have an extensive background in residential construction, having built several properties from the ground up, and I’m looking to focus on either fix-and-flip projects or a niche market for small residential homes in my area. Any advice, insights, or direction on how I might move forward would be greatly appreciated. Thank you!

Hi everyone! My name is Monty, and I’m based in Freeport, Florida. I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction. With 30 years of residential construction experience and having built several homes in the past few years, I bring a strong foundation in project execution and quality craftsmanship.

Right now, I’m seeking lenders to help me unlock home equity for property acquisitions and to expand my portfolio. I’m also interested in connecting with local investors, real estate agents, and lenders who are open to collaborating on new opportunities. Looking forward to building a strong network and creating win-win partnerships!

4o