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All Forum Posts by: Wes Holmes

Wes Holmes has started 2 posts and replied 8 times.

Post: Hard Money Collatoral

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

Thanks for those answers. Feel better knowing it's standard practice.

Post: Hard Money Collatoral

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

I'm just curious whether hard money loans are ever collateralized by anything other than the real estate being purchased. I'm reading an application that sounds as if my personal assets would back the loan. That even though I'm borrowing through an LLC...essentially business to business. Anyone heard of this?

Post: New investor IN Memphis market.

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

Hello @Walter Jones. I joined MIG and went to my first meeting this week. Great group!

Post: New investor IN Memphis market.

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

Thanks for all the encouragement guys.

Post: New investor IN Memphis market.

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

I've lived in metro Memphis for over fifteen years and I'm just now discovering it's potential for REI. Would love to connect to any and all talent here!

Post: Bartlett, TN Wholetail Deal

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

Great job. I'm looking to invest in Bartlett myself.

Great article. This may be a product aim at me!

Post: New investor looking to start out of state

Wes HolmesPosted
  • Investor
  • Memphis
  • Posts 8
  • Votes 2

I think the worthwhile sites cost money. Check out this lady using Propstream.