All Forum Posts by: Peter B.

I am looking for contractors (small businesses preferably) who are able to do tile and hardwood work. If any1 has any referrals please share PM or via a post, however is more convenient for you. 

Thank you.

Hi @Rich Bonisa,

Do you mind sharing the contacts for those Jax wholesalers?

Thank you.

Hi Chris,

PM me and let's talk about ideas.

Thanks

@Adam L.

Thanks for the pointers, very good ideas. Much appreciated.

He is a GC for 15 years has the skilled people needed 4 the job and has a lot of projects he completed successfully.

@Casey Mericle

Casey thanks for your reply. So the ARV is $130K on current comps. So total value for both $270K and I am lending $60K. Seems to me like a no brainer. My concern here was with lending for a property that has some violations from the city and is not insurable.

Hello BP,

I have an opportunity to lend money to a GC who has 2 properties that have been in a fire. Properties are 2 town-homes and they have not been completely destroyed but they do need work.

The loan will be about 33% of the ARV for each of the properties (basically the value of the land).

Here are my questions:

1. What should I look out for when lending to properties that are not insurable?

2. Will any of you ( the seasoned HML ers) lend on such properties ?

3. What is a usual duration for such a contract (GC wants the loan for 6 months) ?

Thanks in advance for your help.

Peter B

Hello,

I am very often in Jax and would like to join. Please add me to the mailing list.

Thank you

@Joel F.

Thank you Joel I will keep in mind your advice.

Hello any leads on good wholesalers in Jax ? I am looking for SFR rehab or not don't care as long as the numbers make sense.

Thanks.