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All Forum Posts by: Travis Easton

Travis Easton has started 6 posts and replied 9 times.

Post: Need $14,000,000 @ 50% LTV private money

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

Looking for 2 separate $14,000,000 commercial loans at 50% ltv on development projects we are working on. Please DM me here with your contact information and I or someone from my team will reach ou to you. Thank you.

Looking for direct lenders or private equity people on this. No brokers please. Thank you.

We are looking for a company that is providing ADU financing for clients. Please DM me with your contact information so we can discuss this right away. We have several to do right now and will be needing around 10 -20 of these submitted every month and going up from there.

Thank you.

Post: Links aren't working on BP

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

Do people know and realizes that the classifieds section and off-tops sections in the top navigation bar are not working? Seems like that would impact traffic for people who might want to navigate to those sections.

Whoever the webmaster is should reconnect them.

Post: How much is a SoCal ADU?

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

All ADUs are not created equal and every company is different.

Depending on the size, site locations and many other factors will determine your final price.

I know companies that provide the highest quality ADUs out there.

They are very green, fire resistant, termite proof, water damage proof, mold resistant, they have a superior sound rating, the are up to 50% more energy efficient, they save about 50-60 trees. They are incredible.

Not only that, the ADUs save time and money because there are less inspections.

Post: Looking for a Contractor for Property in Juniper Hills, CA

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

What do you need to have done? Feel free to DM me.

Investment Info:

Single-family residence fix & flip investment in West Somerset.

Purchase price: $600,000
Cash invested: $400,000

This acquisition went from a SFR to a 3-plex by redoing the backyard, adding an ADU and a JADU through a garage conversion. Any home in California can be turned into a 3-plex for cashflow now. Let us show you how.

We are licensed and bonded and overall we have done over 200+ kitchen remodels, over 350+ bathroom remodels, 100+ additions, 300+ pools, close to 500 backyards, 15 brand new ground-up construction (entire home builds) and about 20+ ADUs.
 

What made you interested in investing in this type of deal?

The ability to turn an SFR into a 3-plex by adding an ADU and a JADU (junior adu [garage conversion]) means we can maximize cashflow and get a huge ROI by also adding square footage and adding overall value to the property.

How did you find this deal and how did you negotiate it?

We have off-market resources in our area.

How did you finance this deal?

Using private money and investor capital plus our own swat equity and capital.

How did you add value to the deal?

We did a full remodel, add an ADU a JADU and pool and back yard.

What was the outcome?

The property basically doubled in value and is cash-flowing very high with the 3-units.

Lessons learned? Challenges?

Permitting and plans can always be a hassle in the post-covid world, but it is worth it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We have our own in-house team so I suggest you work with us. We are a one-stop shop.

Post: 25% ROI on $500k loan (securitized)

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

We are looking for a $500k capital infusion to consolidate debt, increase cashflow, and have capital for new hires and strategic marketing deployment. We are willing to securitize the funds with equity in the company.

We are an established corporation that does high end remodeling and construction in Southern California. We are doing really well and doubling growth year over year.The primary use of funds will be to consolidate 2 loans for around $350,000 that we are paying $74,000+ per month right now. Yes, you read that correctly we are paying a very high amount for that minimal amount of money. The savings is the security on this as we have made all payments and are viable and solvent, but it is constricting our cashflow and we are in need of a better situation.

The rest will be used for marketing and working capital.

We really are looking for a private company, private individual or someone that is not going to be going to traditional MCA loans or business brokers guys. We have gone down that road and it just won’t work out so please do not waste our time if that is all you can offer us.

Desired terms are as follows:
$500,000
25% Yearly Interest Rate
5 year term (could do 3 years but would prefer 5)
No Pre-payment penalty

We have financials and proof of everything. We do great work and this is a total make sense scenario.

Thank you.

Post: Getting my bearings: Posting services and offers?

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

@Michael S. thank you, I appreciate it.

Post: Getting my bearings: Posting services and offers?

Travis EastonPosted
  • Contractor
  • Posts 11
  • Votes 2

A friend of mine used to belong to this site and they used to be able to post opportunities they had, a few times a day even. They would post offers they provided for hard money, Investment opportunities or even other services they provide. Is there still a spot where people do this?

Post services and deals they provide?

Thank for letting me know. I appreciate it.