All Forum Posts by: Westin Hudnall

anyone ?

I want advice on my potential business card as a new agent : please provide your advice ; likes ; and constructive feedback. My goal is to word my cards in a way that will attract leads. Thank you in advance

 My difference is my brand :

Or

My difference is my promise 

To Be :

   - Available

   - Approachable

   - Appreciative

* My goal is to help you achieve yours*

Didn't bit my goal but happy with the results. Found 130k with no points ! (Interest only) for anyone who kept us with this today :)

Step 1 - Took the day off from work (you know ; the kind of work where you actually report to bosses ; yuck ! )

Step 2 - Since its 6:47 AM and my friends in the community probably won't be happy with me begging them to drain their bank accounts before they wake ; I'm making a craigslist post seeking my needs.

I've got a fun challenge for myself and a short time to complete it. This post is simply for your enjoyment ; for you to follow and see if I can win my challenge.

CHALLENGE : Finding private money: 200k in 24 hours paying interest only (15%) / no points

Who thinks I can meet my challenge ? Who thinks I'll fail miserably ? (It's ok haters ; I won't get mad lol) . Let's hear from you!

Backstory : I found 2 great ROI deals that have to be signed by tomorrow morning or I lose the deals. With all my money tied up waiting for Grandma and Grandpa Fannie May and Freddie Mack to finish a couple refi's before they croak (4 month process so far) ; I have to hustle if I want these deals. Like any saavy investor ; I set my terms and won't settle. My terms are being willing to pay 15% interest with NO points ; but will back the money borrowed with equity from these and other owned properties. Both deals are around 100k and require quick cash so no time to talk with lenders.

Sooooooo;

For you glass half empty guys and gals ; will I fall flat on my face ?

For you glass half full guys and gals filled with guidance and positive encouragement ; will I wake up tomorrow smelling like roses ?

Oh ; and to raise the level of difficulty of completion ; I have never done this before - but don't let that fool u thinking my lack of knowledge will cause me to fail ; I'm a hustler :)

Let's make this fun - With encouraging ideas or questions of concerns;  I want to hear from you :)

@Tiger M. 

Thanks for the advice. I'm not willing to pay points since the money will be for 2 rentals that generate a return over the long hail vs flips that produce the cheddar quickly.

I'm going to try to raise it on my own ; hustler style as I'm only willing to pay interest but will back it with equity what these and other properties.

I've got 24 hours to raise over 200k w/o points; no big deal eh ? lol

Hypothetically if I needed $120k for 1 month and borrowed at 10% 

Would my out of pocket be $12000/yr or $1000 for 1 month ? Are there any other fees?

Thanks in advance for the advice

I need some saavy investors to give me a few outside the box strategies for obtaining accurate home values when working property leads. I have MLS access but don't trust my judgments. Actual appraisals are too costly if you are working multiple leads per month (both financially and time wise) and as we all know ; judging a value wrong can kill a deal and hault business growth in its tracks.

thanks Bill

Yes we have one in place from an Attorney ; just deciding on final terms ; exit strategies ; etc before each signing on the dotted line

Have a great Holliday sir

@Bill Gulley 

What do I need to do with the LLC to ensure that neither my partner or I could ever dissolve the partnership and walk away with any of the properties. I want to be fair if someone wants out ; just want other terms (buyout etc) My goal is to build the business and my concern is I wont handle executing the llc properly.

Please advise

thanks :)