All Forum Posts by: Nate Marshall

There are a few lenders now asking for a small application fee. Like COGO Capital. Mainly because they have a lot of borrowers who end up shopping the terms and they complete like 3/4 of the steps and don't go through them so it covers some of those expenses. 

I think it's $199.00

I always recommend at least a 6 month loan but 12 is ideal. If you can get a deferred payment plan or interest only  that also helps.

Be sure to make your servicing company aware of these terms though if youre the lender.

Egress windows are also difficult to install. You need to have someone competent at cutting the concrete, excavating the well and installing the window. You may need 3 trades to do it. There are also companies that sell kits for egress windows so you can get the frame and window, the well, grate and hardware. 

I'm doing 4 rehabs now and each one has an egress window.

It's also difficult to refi with a PML or HML if you already have a loan with one. Keep that in mind. Many HML's who aren't "companies" so to speak will charge you a fee to even have the opportunity to refi it with them or another lender.

Colorado restoration Services and Craig Patterson (720)253-6332

Demo crews can usually complete their scope in a day or 2. Can cover all trades and specialties. 15-30-45 day flips!

We are looking for a JV partner with $215,000.00 cash. This is a property with an ARV of $3.4-5 Million. We have 100% of the rehab funds covered and all but $215,000.00 of the purchase. In addition my partner has a high profile realtor lined up ready to move this property quick. We also have the contractor ready to rehab this and get it on the market.

$2,150,000.00 purchase $285,000.00 rehab of which all but $215,000.00 is covered. We will have $35,000.00 for reserves for interest payments on the first. 

We are looking for a 90 day float on the money and will pay $107,500.00 in addition to the principal upon the resale. You will have a 2nd on the note. Should it take more than 90 days than we will have a contingency for that if so be it.

Have you thought about becoming a broker for Private Money but don't want to do the processing and back end work? I have a solution. I will split my broker fee with you for originating the deal. You market on social media, at meetups and other events and bring the client.. you'll make 50% of the fee. 

I will supply you with an email, landing page and business cards. You just find me the clients! Paid within 24 hours of the closing via wire transfer. 

Clients wanted!!! Are you looking for someone to help you find your best deal? I am looking for clients who want a higher expectation in the service and client care they get. Someone who will work hard for them and earn their business over and over again.

Are you that client? Let's talk! Message me. 

I know a few that can do that. Let me know if you want to talk.

It's not dead. Investors need to start thinking about outside the box strategies though in acquiring properties to flip. The average foreclosure auction puts most investors at a disadvantage when having to compete with well funded, fund backed purchasers of said properties. 

You also have to weed out daisy chain wholesalers and the new investor who believed the hype on the TV flip shows and seminars. Education, mentorship and strategy will help you navigate and win the war just not the battles!

It is time for a new strategy to acquire properties.