All Forum Posts by: NA NA

DFW Metroplex

Yes, have talked to a couple. Looking for a referral.

Real estate related

Send out a marketing flyer as a buyer/listing agent.

What is the verbiage that i am supposed to put on my mailers regarding people already working with another agent. Im in Texas.

My regualr banks are making it so i can only build a few homes at a time with the lending market in the toilet. Once friendly banks are getting tight with the $$$.

Not very familiar with hard money loans. Is it feasible to use a hard money lender as a new home builder? What type LTV are they looking for, typical fees, credit requirements etc.

If it is possible, can anyone give me an example on a $500k loan over a 9 month period with equal draws each month for construction.

Leverage is great if you use it correctly. I will keep all my properties.

I have one of my business coleagues that has a similar portfolio to me - 20+ new sfr's leveraged to about 90% and he had a large financial loss on a non realestate business deal that used up all of his reserves. Of course when it rains it pours, his property management company he used for the last few years ran into hard times and as a result poorly managed his properties leading to high vacancy rates high repair costs etc. The bottom line is he is probably looking at losing the properties. This really made me stop and think of "what if". Should he file bankruptcy or can he just let the homes go to foreclosure? What are the benefits/draw backs of either. This will obviously ruin his credit, but will his other lenders (personal credit cards etc) close their credit lines with him due to this even if they are current? Anyone know anything about this or been through this? I told him to go to a BK attorney and see what his options are.

These guys claim to be able to sell you a shelf corp about 1.25 yrs old with an established Dunn and Bradstreet paydex score of 80 (minimum)along with a laundry list of other things and they guarantee (on the phone but not in writing) that if you have a 660+ credit score that they will get you a business line of credit NOT PERSONALLY GUARANTEED of around $85k-$200k initially then a month or so later another $100-$200k all for the low low price of $14000.00 non refundable. I have only found very little info on their company. Their office locations are run down and one of the addresses i looked up was a residence!

i am finding some of these companies are making wild claims and offering no guarantees for very high (non refundable) fees.

If it sounds too good to be true...............