1 September 2018 | 20 replies
I'm 24 yrs old driving a 75k truck, buying a 2200 ft home with 1.5 acres of land and doing a 110k renovation project on primary home, making twice as much than median income in my area, completed my bachelor without the help from family or friends and do not have any student loans... left home when I was 17 cause I didn’t want any help from my family and turned down full ride scholarships... please don’t say people can’t be self made. just cause you can’t, doesn’t mean it’s impossible.
31 August 2018 | 13 replies
If this is your first time doing a deal, I would STRONGLY recommend taking on a smaller project first to get some experience before tackling something this large.
23 September 2018 | 8 replies
Last I checked, their occupancy numbers were better than originally projected and they have brought much attention and increased tourism to the previously neglected town.In 2014, the lot at IB Blvd and Seacoast sold for $5.5MM to the Hilton Hospitality Management Group, and a NEW 100 room ocean-front hotel "Imperial Beach Resort" is in the works.
28 August 2018 | 2 replies
I have some money from private investors and for a normal project this would be plenty but for this one, it just about covers the all-cash purchase leaving none for the renovation. my question is, can I put a loan on this house after I buy it with cash?
3 September 2018 | 3 replies
I am in several note-lending opportunities currently.Advantages = Scalability, economy of scale discounts, lower property management rates, easier to maintain than small multi-family, the more units, the safer and more efficient the project (in our opinion) We usually deal with 100 units + on each project, rarely exceeding 350 units.Disadvantages = deal flow (hard to find properties in the domestic US with solid cap rates) We're shifting focus more heavily to Puerto Rico and the opportunities it currently presents.
29 August 2018 | 2 replies
W.r.t. your ultimate end goal, would you want them onboard to reinvest to help fund future complete projects (i.e. acquisition, rehab and perhaps even guarantors on long term financing) or to be able and execute larger campaigns?
30 August 2018 | 4 replies
I know the borrower and I understand the project quite well.
18 October 2020 | 8 replies
I have four projects active right now.
28 August 2018 | 12 replies
A 3 month projected reno took nearly 9 months.
3 October 2018 | 2 replies
I would be financing the project through Mass Save.