All Forum Posts by: Richard Anderson

Thanks Gentlement

I found a personal lender who agreed to secure with cross collateralization using other properties we own.

I will re-post in marketplace. Thank you for your feedback.

My REI team has purchased a property for $205,000 it needs apx $49,000 in rehabilitation and will sell for $345,000. We have a HML to cover 85% of PP and reno costs. We put down $10,000. The $25,000 is to cover the rest of the 15% and carrying costs. Rehabilitation should be complete in 60 days and DOM for this property is expected less than 60. I am a realtor. We have independently done several projects over the years and have most recently formed a team. Thank you for reading

duh $205,000 thanks

My REI team has purchased a property for $295,000 it needs $49,000 in renovation and it will sell for $345K . We have a loan from a HML to cover 85% of PP and reno costs. We put down $10,000. The $25,000 is to cover the 15% and a carrying costs. Renovation is expected to be complete in 90 days. I am a realtor. We have independently done several projects over the years and have joined as a team with the intention of doing 4 rehabs in 2017 and then commercial investments. Thanks for taking the time to read.

Would appreciate the name of a title company you have worked with

Looking for a recommendation for a investor friendly title company. Thank you in advance.