All Forum Posts by: Fermin G.

Good afternoon all,

Need to find a good software suite that I can use to submit proposals to investors and that can generate returns for investors based on what they put in to the deals. Anyone know of a good software suite out there?

Where do you guys find hard money lenders? Is there a database of lenders?

People have mentioned Mike OH's business plan, where woudl I find his business plan?

Thanks

"You could use an entity and create a mortgage to you with you making the payments. Then after it seasons a bit you could sell it on the secondary market at a steep discount.
"
How does this work, thanks for the info

I bought my first foreclosure for 180K put 65K into it and I am now renting it out to someone who has an option to buy in 2 years for 300K. I am trying to get cash out to move on to another property but when I went to refinance to get cash out the appraiser only appraised the property at 269K so I can only take out 24K and with closing costs it comes out to about 21K, Not a lot. The appraisal came in way lower than I had hoped for. I was think that it would come in at 300K. Does anyone know of other means to get cash out other than traditional banks? Please advise.

Thanks

Thanks for the info, what exactly is a D&B pay index of 80 and a Experian Busniess Credit rating?

Good afternoon all. Just formed an LLC to take advantage of real estate market. What is the best way to build up my credit in the LLC?
Thanks

I guess right now I do not have to worry about it because I have my home, one ren to own property and one I am rehabilitating right now. I plan on working my way into more than 10 properties in the next two years, if FMAE and FMAC do not finance more than 4 and banks will not finance a property in an LLC what have you guys been doing for financing?

Thanks

Michael thanks for the response. I am new at this. If I set up an LLC an go with a commercial loan they would use my personal gaurantee I suppose?

Thanks

Fermin

A mortage broker told me that it is a new Fannie Mae rule. What do you mean structure? Any help would be great

thanks