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Forums » Seeking Financing, Money, or Loans » PRIVATE CAPITAL

PRIVATE CAPITAL Subscribe to PRIVATE CAPITAL

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Rhochelle Coleman

Real Estate Investor · Memphis, Tennessee


Forum_avatar_avatar-quality

Icon_minipost Sep 30 '08, 12:41 PM

I AM SEEKING PRIVATE MONEY TO PURCHASE REAL ESTATE UNDER 50% OF FMV---

Edited: 06/26/2010 at 06:02AM


Account Closed


Forum_avatar_avatar-taz

Icon_minipost Sep 30 '08, 06:41 PM

Everyone I know is doing this.

What makes you and your plan different?

Edited: 06/26/2010 at 06:02AM


Skylar Howard

Real Estate Consultant · Siesta Key, Florida


Forum_avatar_avatar-mercury

Icon_minipost Oct 01 '08, 02:35 AM

The reason that Rhochelle's may be different is that she is in Memphis. Memphis deals are safe; they cash flow with DSRs greater than 1.3, they sell for full value with the Rent To Own program, then take them FHA. So Mr. Taz, rather than flaming a new investor, maybe you could have been alittle more helpful.

Edited: 06/26/2010 at 06:02AM


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Forum_avatar_avatar-taz

Icon_minipost Oct 01 '08, 03:15 AM

Originally posted by William Howard
The reason that Rhochelle's may be different is that she is in Memphis. Memphis deals are safe; they cash flow with DSRs greater than 1.3, they sell for full value with the Rent To Own program, then take them FHA. So Mr. Taz, rather than flaming a new investor, maybe you could have been alittle more helpful.

Well, Mr. Howard, I didn't flame her. However, she did post basically the same comment in all caps in several places.

Also, there is nothing magical about the Memphis market.

But, I would be interested in some details of her idea and business plan. I have raised a lot of private money in the last 24 years.

If you take this as a further flame and respond from that perspective, there is nothing I can do to prevent it. I have been investing for a long time and have a fairly tough skin.

Edited: 06/26/2010 at 06:02AM


Lori McMahon

Real Estate Consultant · Wisconsin


Forum_avatar_avatar-1birddog

Icon_minipost Oct 03 '08, 04:29 PM

Taz - I just requested you as a contact. I read your profile and I believe I may have some good Commercial JV Partner opportunities for you to review. You can email me for information. Thanks!

Edited: 06/26/2010 at 06:04AM by Administrator : EMAIL REMOVED


Jeff Luman

Real Estate Lender · Texas


Forum_avatar_avatar-jluman

Icon_minipost Oct 09 '08, 09:20 AM

If you come up with 15k or 15% of the sale cost, whichever is higher, I can get you the money (we do nothing under 75k though)

Edited: 06/26/2010 at 06:06AM


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