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All Forum Posts by: Chris McNair

Chris McNair has started 4 posts and replied 16 times.

Post: Can not find property owner NEED HELP

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

try the local courthouse for redorder of deeds ..they will have the new address if taxes are being oaid on property

Post: Hard money financing for a Flip in NJ

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

yes contact @sean ritchway he is on bigger pockets he had a offer out to me for

90%pp

100%rehab

12%i/o

4pts

For 12 months with me paying closing cost and points upfront .

Tell him chris mcnair reccomended you talk with him .. he was actually one of the first to reach out to me to make my deal happen but someone else already had it under contract before i could land a lender

Post: Help!! My Wife Only Gave Me $10K

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

give me the 10000 i can buy a house and finish fixing up the other give you 600 s month for 2 years just for being the first guy to invest with me the return on that 10000 will be 14400 a whopping 69.4 percent return on your money in a 6 month time frame you make 3600 which is a 35 percent return on your money .. how can i do that you ask ,the answer is i rent rooms in philadelphia for 400 a month per house that's below market because i want to keep my tenants invest with me and make your wife proud

chris i believe we both want the same thing except we are going about it two different ways i have 2 houses currently bringing me 1000 a month i paid less than 5000 for both of them as i deal in distressed areas the ghetto. But i never had a problem in 2 years its hardworking people here who live middle class lives. They want nice things so here is what i sm chasing in philadelphia . I need 10 triplexes selling under 40000 with Arv 90 to 120000 . Rehabs on those units average about 30 to 40000 . Cash flows on these units are about 2250 after expenses minimum 1000 a month  and that is how my family started and now has 20 triplexes  and duplexes seeing 15000 a month. .you have to just know your area and do you due diligence 

chris i suggest you talk to steve davis or dale wamsley the founder and CEO of lifestyles unlimited with that type of money you can become a lead investor in a 200+ apartment complex in texas in a great area fitting your criteria to began cashflowing 15000 per month they will definately get you there everything is already place www.lifestylesunlimited.com

Post: 15 unit rehab

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

i believe so David i think it's a huge value play i have spotted 10 deals so far this year and all 10 have been snapped up. I have a eye for these things and im just trying to get into one deal myself any way i can i am willing to give up most of the equity and cash flow on this deal because i dint have any real skin to put in the gam3 i just want to be apart of it getting my feet wet 

Post: 15 unit rehab

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

15 unit rehab Arv 600000 in chicago looking for 350000 for purchase and rehab. Need 100 percent financing from a lender or willing to partner up with someone who has the cash to put 75000 into this deal for 50 percent equity  and 50 percent monthly profits

Post: hard money funding

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5

hello im chris I am looking to invest in triplexes and duplexes in philadelphia . 

I currently am interested in a property for sale for 37000 with a ARV of around 100000 to 150000 dollars i need around 30000 for rehab and i am looking to secure 65 to 70 percent of ARV with points and or closing cost financed into the deal is this possible

Post: Hard money lenders - refi after getting a property

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5
Originally posted by @Chris McNair:
Originally posted by @Matthew Nixon:

@John Morgano 

Does the property need work?

Each lender works a little different. With us... if the property needs a lot of repairs we treat it as a short-term rehab loan (12 month term) with the option to re-fi into a longer term (36 month)  and lower rate as soon as the rehab is complete. Or if they can re-fi through a bank of course. 

If the property is already in habitable condition we can treat it as a buy-n-hold loan with a 36 month term from the get go to save you from having to re-fi.

If you have any other specifics about our program feel free to send me a PM.

 John do i have to use a hard money lender in the state where i wish to purchase the property or can i use any lender such as yourself if i wish 

Post: Hard money lenders - refi after getting a property

Chris McNairPosted
  • Investor
  • Smyrna, DE
  • Posts 16
  • Votes 5
Originally posted by @Matthew Nixon:

@John Morgano 

Does the property need work?

Each lender works a little different. With us... if the property needs a lot of repairs we treat it as a short-term rehab loan (12 month term) with the option to re-fi into a longer term (36 month)  and lower rate as soon as the rehab is complete. Or if they can re-fi through a bank of course. 

If the property is already in habitable condition we can treat it as a buy-n-hold loan with a 36 month term from the get go to save you from having to re-fi.

If you have any other specifics about our program feel free to send me a PM.