All Forum Posts by: Spencer William Quesenberry

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Spencer William Quesenberry has started 10 posts and replied 18 times.

If in need of financing or refinancing

Check us out at bluegrasslending.com for more information, but here are some key points:

For Mortgages:

- Low as 4% interest rate (can get to 1 + prime)

- Between $300,000 - $75,000,000

- Up to 80% LTV

- 20 to 30-year amortizations

For Construction Loans:

- 5% to 9% interest rate

- 60% LTV of final value (up to 50 million)

- 100% loan to cost

- No prepayment penalty

Direct message me with any questions. I'd be happy to help!

0 Votes

If in need of financing or refinancing

Check us out at bluegrasslending.com for more information, but here are some key points:

For Mortgages:

- Low as 4% interest rate (can get to 1 + prime)

- Between $300,000 - $75,000,000

- Up to 80% LTV

- 20 to 30-year amortizations

For Construction Loans:

- 5% to 9% interest rate

- 60% LTV of final value (up to 50 million)

- 100% loan to cost

- No prepayment penalty

Direct message me with any questions. I'd be happy to help!

0 Votes

Anyone in the Lexington, KY area recommend an investor-friendly agent that deals with multi-family properties? Thanks so much!

1 Vote

Originally posted by @James Wilcox:

@Spencer William Quesenberry Damon Brown (Webb Hoskins Glover & Thompson: Brown Damon R) or Eric Coffman (Bullock & Coffman, LLP) would both be fine for those types of transactions.

Do they have contracts that they are able to email over to me?

0 Votes

Originally posted by @Greg Dickerson:

Yes you should always do business as an LLC and not personal. You also need to look into liability insurance as well. Wholesaling is under much scrutiny these days so you need to make sure you know the laws in your state and do everything the right way.

Thanks so much for the advice! I intend to do it the right way 100% of the time!

0 Votes

I was wondering if it would be in my best interest to start an LLC before wholesaling a house?

0 Votes

Hey BP I was wondering if it was smart to form an LLC before attempting your first deal to give you legal protection?

Any advice is greatly appreciated!

0 Votes

Originally posted by @Will Fraser:

Hey @Spencer William Quesenberry!

I was incidentally learning about real estate investing for a year before I purchased my first fix-and-flip, and then another 2 months of intentional study (listening to BP, reading books, asking savvy investors questions, etc) before I closed on my first rental.

How about you?

Haven't completed my first deal yet, still chasing it!

0 Votes

Hey BP! Out of curiosity...

How long, from when you first started educating yourself about real estate, did it take you to complete your first deal?

6 Votes

@Adrian Tillman Todd Fleming’s “if you can’t wholesale...” is a good one I read about a week ago

0 Votes