All Forum Posts by: Richard W.

Hello,

Any lenders willing to share their invoice template (for points, fees) and lender instructions to escrow for a fix/flip loan in a non-judicial state.  

Thank you

@Andrew Lewis I wanted someone to look over my loan docs and provide trustee services for a Deed of Trust on a fix/flip.  Thanks for the rec

Hello,

Can anyone offer a recommendation for a closing attorney for a property in the County of Mobile, Alabama on a fix/flip using hard money?

Thank you

Hello,

Could someone recommend a REIA in and around the Sarasota, FL market.

Originally posted by @Matt Swearingen:

For anyone following along at home. 

They want $289 for the 13 acres, might offer $100.

Yes, Im interested to see your DD unfold, please consider updating this thread. 

Is anyone using a business trust to hold assets instead of an LLC. Is this permitted within a SD RothIRA?

In first position, I currently seek a minimum of 10% APR, and I always ask for a Personal Guarantee. 1 year term, principal+interest to be payed at the sale of the property. I have had a couple loans go over the initial one year term (On 7-9 month initial projections). One worked out fine, one had a palatable extended work out.

you know what's great about this deal? you took action. 7% PM fee....golf clap. care to elaborate on any due diligence you did for PMs

Welcome Michael, great to have you here.

Not sure how you want to use your funds, but if you want to fund flips: -1st position note -partner with a proven rehabber who can provide past purchase, rehab, and sales amounts -ask for a personal guarantee -fund a small amount on initial loans -inquire about how often and how they will communicate project progress with you -request a referral from other satisfied investor -did I mention, use a proven rehabber with a documented history of successful projects