All Forum Posts by: Rita Bautista

Has anyone ever used Leads2Results.com?  What do you think of their service?

Need a small business loan? You can rely on our trusted service which offers non-traditional funding to help entrepreneurs invest in themselves and start their own business. We are successfully helping entrepreneurs build their dream of owning their own business by starting out debt free.

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Bulk REOs for high net worth buyers.  Must be able to show that you have the ability to purchase $10MM at a time.  You do not have to purchase that much, but you need to show that you can.  

Specific orders taken based on your preference for location, occupancy, size, cost, features.  7 day period of exclusive viewing and 3 days to close after that period. 

Send contact information to get started. 

You can actually get a private loan for 20% down for a loan that size. 

You will need approximately the same amount of capital with a private lender as you would with a bank.  The advantage to private lending is often the speed of loan approvals and the fact that they can work with stated income rather than just W2 earnings.  The 3 things you need are credit, cash and collateral.  With banks, you usually need all three.  With private lenders if you are light in one of those areas, but strong in the other areas, you can still get approved. 

Thanks, @Victor Olowu.  

I was contacted a while ago by someone on this forum about Chicago Meet Ups.  I have an investor client that wants this information.  I believe the coordinator had great success in the Chicago market and I want to connect her with my prospect.  Please respond if you have information.  Thanks.

Here are the basics of our program:

Lines of credit and loans from $50,000 -$5,000,000

• Fund lesser of 80% of Acquisition and Rehab Costs or 65% of After Repair Value (ARV) on Residential Properties (1-4 units). We fund rehab draws
• Fund lesser of 75% of Acquisition and Rehab Costs or 60% of ARV on Multifamily Properties (5-30 units)
• No application fee for credit line approval
• Monthly payments are interest only
• No prepayment penalty (3 months minimum interest)
• Currently lending in approximately 48 states (exclusions include CA and NV)
• We only lend on Non-Owner Occupied Properties
• Borrower must have prior investment property experience
• Experience: Borrower must have previously purchased at least 2 investment properties.
• Liquidity: Cash to fund their equity requirement.
• Minimum FICO 620.
• Minimum Net Worth: $150,000.
• We will evaluate substantial credit issues, foreclosures/short sales.
• Borrower is free of significant open judgments and pending litigation.

If you meet the basic criteria above, lets set up a time to talk. 

@Elizabeth S.  I agree with your husband. A commercial portfolio loan for SFRs is only advantageous for much larger portfolios, like 10 or more. I doubt if you can find better rates by bundling a few and yes it increases the risk.  

The amount you have to put down on the loan varies by the size of the loan and your credit rating.  The average is 25-30% for properties less than $1 million.   It goes down from there.