All Forum Posts by: Ronnie Neal

@Scott Matthew C. The first was a jv that was a nightmare! Not knowing my options, I walked. The second was in a rough area it got burned down but I got paid 💸 it took a while but it was worth it. The last was in a very bad area but so cheap 1,500 I couldn't pass up on it but it already only had about 5 other opperating properties on the block and as time went on only Me and another, a lot of rehab needed I got behind in taxes got married and walked, one of the dumbest things I ever did but you live and learn.

@Marisa Aceves Michigan.. Detroit!

Point Me in the right direction?

@Brooks Rembert Thx for the info Brooks.

@Brooks Rembert Ok so basicly Im transfering loans at a lower intrest rate? So now that Ive obtained a property thats rented the banks would give me a conventional loan with my existing bad credit?, well actually I have no credit but is this a sure thing?

Whats the best exit strategy for a hard money loan? I hear people talk about refi's but if you pay one loan and aquire another where's the possitive cash flow? I really don't understand. Could someone explain?

@Ned Carey Thx Ned..

Are their prvate loans for a purchase plus rehab for a buy and hold?

@Brandon Krieg 

Thx Brandon!

@Peter MacKercher What about wholesale deals? and thx for the reply..