All Forum Posts by: Steven Segal

Hey, this isn't really a new member intro. I have been doing deals for the past 5-6 years, ranging from SFH, to Multi, to MHP, to storage, to private money...

I haven't been networking as much as I would like to the past couple years - been more staring at loopnet, managing, or analyzing deals. 

I would like to connect with more young professionals/investors who have done a decent amount of deals. I think it's important to bounce ideas around and surround yourself with like-minded people. 

If still looking, check out capecoralfunding.com

I am looking for self storage and mobile home parks. Willing to pay assignment fees. If you have anything, let me know!

[email protected]

[email protected] shoot me over some details, although not too jazzed about vail buying crested butte. 

Hey, we are a hard money lender. We aren't opposed to JV/equity positions for the right deal. Shoot me an email at [email protected]

NAPLES FUNDING LLC

CONSTRUCTION LOAN OFFERING

Fort Myers, Cape Coral, Bonita, Estero, Naples

We are offering fast and flexible financing for new construction. We are a direct lender, not a broker.

• Rate = 12%
• Term = 6 to 18 months
• Origination Pts: $2500
• Draw Fee: $150 per draw
• Personal Guarantee Required by All Members of LLC

If you are interested or have any questions, please email [email protected].

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In the loans/mortgages, what are you commonly requiring of your borrowers for insurance, personal guarantees, ect?

We are looking for a MHP Acquisition Manager. Your main goal would be to find parks to purchase. We have the capital lined up. We need to increase our bandwidth on deal flow. 

Responsibilities Include:

1. Manage and Maintain MHP list in region
2. Marketing: Cold calling owners, send mailers, ect...
3. Maintain CRM system with updates and contacts
4. Perform initial analysis and due diligence on park

We are open to discussion on salary and commission structure. We are looking at salary and equity on parks currently. 

Email [email protected] if interested. 

still looking or no?

I bought six properties from person who bought from city. I got tile insurance and all but it ended up that there was a reverter on the property - build in 2 years or it goes back to the county. The county is claiming they own. 

1. I believe there are two types of reverters. As this one is based on an event, the property wouldn’t just be theirs one day. They would have to file something.

2. There are mortgages on these properties now - same title company did the work. Do mortgages survive reverters? 

3. The reversion date was two years ago and I have been sent emails from county that they were not enforcing and found the initial timeline given unreasonable. Can they just decide one day to encore.... it’s a county reverter and I’ve been paying taxes and utilities.

This is the just of it, although there are a couple other things that benefit my case in how the county has gone about this.

Appreciate any insight.