All Forum Posts by: Michael Evans

What's your minimum loan amount?

Why is it a problem to prove you have the ability to close? It's only a problem if you don't have everything lined up to close.

Stay Blessed!

Where is real money made in real estate?  It's made by being the bank.  We give you the chance to be the bank with as little as a $1,000 investment and earn 6% - 8% in 1 year (based on your risk tolerance) secured by real estate.  Contact me at 661-524-6674 or visit our website at

Stay Blessed

Yes.  Just put a property under contract in Tulsa, OK and we're trying to put at least 3 more under contract before the end of the week in OH.

What do you consider low?  Everything is relative.  Prices are low relative to Los Angeles and Orange County, but they're still expensive compared to the Midwest and South.  I've lived in the Antelope Valley since 1994, and I won't do any flips in CA.  I do flips in the Midwest where I can get a property for under $30K, put $10K into the rehab and resell it for $80K.  And if for some reason I can't resell it for that price, then i hold on to it and rent it for $850 - $1,200 per month.

Stay Blessed!

It may be. Contact a Wells Fargo loan officer for details 

I use Zillow.com. The rent to price ratio our system uses is that it must be at least 1.3%. At that rent to price ratio, using a leverage ratio of 1:7, we will generate an annualized cash on cash Return on Investment of at least 10% after taxes.

Stay Blessed!

Given your personal situation, I would focus on you becoming the bank by investing in real estate notes. Become the lender and earn 6% - 10% per year secured by real estate, but without the headaches of owning real estate.

Stay Blessed!

@Brian Garrett There are two main risks associated with flipping:

1. The flipper over estimates the ARV or the market changes from the time of the purchase to the time of selling the property.
2. The flipper under estimates the rehab costs or how long the rehab takes.

Stay Blessed!

@Brian Garrett All cash is bad for flips because of the high level of risk (you can lose a significant amount of your cash investment).  Leverage is not bas for buy and hold (we use leverage for both appreciation investments and cash flow investments), leverage magnifies the returns period, and since the returns are greater for appreciation investments, leverage should be used more with appreciation investments than with cash flow investments.

Stay Blessed.