All Forum Posts by: Travis Nagler

I'm still waiting to officially hear back from the city that they've been recorded. They have had my info for more than a week now. But I'm sure it will be soon.

Can't wait to get some views of the insides!

 Hi,  Juan.

I'm in California,  too, investing in Dayton,  OH right now. 

I would definitely suggest videos and pictures of EVERYTHING before putting in the offer. If you have a good realtor with a contractor link,  have them go with the realtor on a viewing and give you a conservative proce quote to fix things. 

I put in an offset sight-unseen for a duplex and a 4 plex out here, without getting a view of the insides. All the units have tenants,  so I thought like you,  how bad could it be?

BAD! You would be surprised at what people could live with! Dog **** on the floor,  rusting cracked pipes in the basement,  cracked foundations, leaky roofs,  you name it. 

The only way I would buy completely sight unseen anymore is if it absolutely ROCK BOTTOM pricing. At least them,  you just know you'll already be putting in money to get it all fixed up anyway. 

Good luck! 

Travis

Try CMG Financial. I'm currently using them in California, in the middle of the 1st lien HELOC right now. But I know they do out of state deals, too.

It's a great idea, no matter who you do it through.   Good luck! 

Travis

I'd get the data from city-data.com. It is possible that they have a way to export the data, but I've never loiked for that feature. 

Travis

Hi, Edward.

It sounds like if you can analyze the deal (using the BP tools) and the numbers work, then get the deal and get a money partner. You bring the deal, they bring the money and/or good credit, and you close on it together.

But again, it's about getting the numbers right. No one is going to invest if they are not going to make money. Run the numbers through the tools and see if will actually pencil out.

If it doesn't you saved both of you time and money.

Good luck.

Travis 

Try CMG Financial. I'm redoing my personal home with them right now for a 1st lien HELOC, and I know they go to $2.5m. I don't know of any extra details on that amount, if anything different from what docs, etc, they might need, as I'm only doing about $500k, but check them out.

Hi, Albert.

I just learned about this product yesterday from my neighbor who works for CalHFA here in Sacramento. He's been doing it with CMG for 2 years now, and they've already knocked their $400k down to $40k left. I just got off the phone with CMG and am meeting with him tomorrow afternoon to get things going. Why people are complaining so much about this product is ridiculous. It's simple math.

I appreciate your posts on other threads, too ,but this will be freaking awesome in getting new properties over time. I am also having CMG do 2 new 1st lien HELOCs on 2 rental properties in Dayton I am currently in contract on. They do all 50 states. I'll just have those go into separate checking/HELOC accounts so as not to commingle funds. I'll have those paid off in 3-4 years. It's awesome!

Turn and burn!

Thanks for your input,

Travis

 Hi, Mark.

You may want to do a search on hear for DoHardMoney for other's responses. I actually just posted last week on them. They were horrible.

I believe if you look at my profile, you could see my response about them.

Travis

Hi, Justin.

I was just speaking with a HML this afternoon about that. "How can you put in an offer without proof of funds (basically the pre-approval letter)?" For HML, they go by the deal. If the like the deal and the numbers, they'll finance it. So if you have a deal and an offer amount for the purchase loan, they will run them and then give you a POF letter.

From my email with Joe Zaniboni at PatchOfLand (HML)

----------------

Sure, for POF just send me the address and offer amount for the property you're looking at and I'll get you a letter.

Joe

On Tue, Apr 2, 2019 at 1:24 PM Travis Nagler  wrote:

@Jay Hinrichs

I checked into DoHardMoney yesterday and got a call this morning. Unfortunately I had put in my information yesterday in the website, trying to find out more information. Thus was before I read all the gymnastic on them.

Earlene Hale is the name from the cell phone number I got called from. He introduced himself, explained what they did, etc. He even had to call me back once because I couldn't hear him for a bit. No problem in doing that.

Then he told me about the $3000 up front payment. I said I didn't want to pay any money up front, but would be happy to pay the appraisal fees, etc., once I had a property under contr...

AS SOON as I mentioned I wouldn't be paying any money up front, he hung up on me! Mid-sentence! No goodbye, no nothing!

If anyone else is looking at this company, don't bother. Absolutely horrible.