All Forum Posts by: Quincy Holmes

@Mahmoud Y. Elhalawany ok thank you. The agent I am working with is very in familiar with the process and she is telling me its illegal.

Looking to get a hard money loan to finance a 55k Distressed property+ 30k repairs. I am keeping this as a rental property

Then refinance with a 30-year mortgage from a bank to pay back lenders after renovations are made. 

The deal is a single family ( $100k ARV) that I will turn into a duplex. Small church structure that I will turn into a single-family apartment. And it is bundled with an adjacent lot.

Does this type of financing make sense or should I seek an investor partner? Note I don't have any experience and the only value that I can bring is that I can get this deal to them for a lot less. 

Hello, 

I am an experienced wholesaler in Virginia. I went to North Carolina A&T and I am familiar with the Greensboro area. I just spent the weekend driving around Greensboro, and Raleigh learning the real estate dynamics of the city. I have found a few great deals to wholesale listed on the MLS. I am forced to do these deals with a double close, due to the fact that the local realtors do not understand the wholesale process.

"The only way to legally make money is if you close in it yourself"

"That's Illegal"

"That's Not possible"

Are you aware of a more appropriate way to wholesale in North Carolina?

Hi are you still in Greensboro? I am just starting and I would love to see the progress you have made in the past 2 years

Here's the podcast you were talking about I was wondering the same thing. 

https://www.biggerpockets.com/renewsblog/2013/09/2...