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All Forum Posts by: Rashad Ridley

Rashad Ridley has started 2 posts and replied 4 times.

Private Lending & Conventional Mortgage Advice

Post: Hard money lenders in Chicago

Rashad RidleyPosted
  • Investor
  • Chesapeake Va
  • Posts 4
  • Votes 0
Originally posted by @Odie Ayaga:

I may have a lender that will work with you. Can you tell us more about the deal you're looking at?

It's a 4 unit building in Chicago.  I'm looking for fix and flip funding of interest only for 6 to 12 months.  Then I will refi into long term financing.

thank you

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Hard money lenders in Chicago

Rashad RidleyPosted
  • Investor
  • Chesapeake Va
  • Posts 4
  • Votes 0

Thank you

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Hard money lenders in Chicago

Rashad RidleyPosted
  • Investor
  • Chesapeake Va
  • Posts 4
  • Votes 0

Hello all,

I was wondering if anyone could refer me to any private lenders or HM lenders that works with new investors.  I am having a hard time finding funding currently because if the coronavirus.  I currently have one rental that I fixed and flipped last year.

I have deal that really can't pass on.

Any information helps,

Stay safe,

Rashad

0 Votes
Real Estate Deal Analysis & Advice

Post: Duplex 4 bedroom 2 baths

Rashad RidleyPosted
  • Investor
  • Chesapeake Va
  • Posts 4
  • Votes 0

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Norfolk.

Purchase price: $117,000
Cash invested: $9,000

Duplex renovation project

What made you interested in investing in this type of deal?

Buy and Hold

How did you find this deal and how did you negotiate it?

Found on Fannie Mae

How did you finance this deal?

fha

How did you add value to the deal?

renovations

Lessons learned? Challenges?

Find the right contractors.

0 Votes