@Shaun Weekes Citadel is still funding owner occupied loans in process so they are not closed down.

Thanks Shaun Weekes!

Hi @Shaun M.I am currently picking up a house in Floral Park for a flip and will be looking in Suffolk soon for the next deal.

Quote from @Shaun Weekes: Quote from @Dror Brumer: Hi All , I have a rental property I bought with LOC ,  The LOC rates are very high and I was thinking to take a mortgage on the house with a cash out option to invest in one more property When I am running the numbers the mortgage rates will eat all my cashflow ( getting a negative of $68 a month instead of $200)House cost 367K - House estimation 400K  - current loan amount is 255K  - looking to barrow 300K at the new loan   What am I missing or is it due to the mortgages high rates ?

@Shaun HattonMentioning your in Real Estate to everybody you meet.

@Shaun Lindley or @Jason Hsiao - any chance you know someone who has a great PPM template for raising money for land deals? 

@Shaun Burns I think the most important thing here would be to give them a notice of termination well in advance.

@Shaun Reilly Thanks for your thoughts.

@Shaun WeekesHello Shaun,I'm with the New Western Inland Empire team.

Quote from @Shaun Weekes: Originally posted by @Jason Riddick:So yesterday I stopped by a client/friend to chat about a flooring project at his house and the discussion came up about a old motor court that he bought and fixed up on the beach and i said if you ever think about selling the place you talk to me first, just throwing it out there to him. he said he has been thinking about selling as he has too many projects out there as it is. he is a big local investor doing bigger projects. basically it comes down to it has about 500k in rentals each season, price in 2.9 mil, has had a major recent update, its ocean front, repeat business is through the roof, if fills a much needed niche that has been over looked in my community.