REHAB LENDER - WILL FUND NEW INVESTORS

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REHAB LENDER - WILL FUND NEW INVESTORS

Bob Green
Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes

Hello All,

Are you a new investor with no real estate experience ready to get into the real estate game?

Do you have good credit and strong liquidity. For example, Checking, Savings, Home Equity Line of Credit, 401K, IRA, Stocks, Bonds, Mutual funds, Money Market accounts or cash from insurance policy?

If so, I may be able to assist with financing.

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  • Account Closed
    Property Manager · Baton Rouge, LA · Member since 2014 · 2k+ posts · 195 votes
    8y

    Do you Lend in Louisiana?  if so, we have an organization with many New Investors meeting your criteria developing service enriched housing such as this.

    Annual Rents Currently Proposed$ 183,992.00
    Annual Expenses for 23 Unit complexes of 1-2 bed rooms
    Taxes.....................................................................................$ 18,000.00
    Insurance..............................................................................$ 9,099.00
    Maintenance (10%)..............................................................$ 16,399.20
    Management (8%)...............................................................$ 13,119.36
    Vacancy (5%)......................................................................$ 8,199.60
    Total Expenses....................................................................$ 64,817.16
    Net Operating Income..........................................................$ 119,174.84
    Working Capital required......................................................$ 850,000
    (225) 238-3923 , please call if I miss you, as will be trying to get in touch
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  • Bob Green
    OP
    Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Hello Alex,

    Yes, Louisiana is fine. With new investors we look at credit score and liquidity. This is how I determine what they can afford. There is a calculation we use.

    Ill PM you the details.

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  • Connie Griffin
    Henderson, NV · Member since 2017 · 23 posts · 4 votes
    8y

    would love to see if we fit into your format... Have a SF free and clear in Il. (Flossmoor) estimated value $200,000. Renting $2,200 monthly. Credit score 800+ My husband and I are retired and now live in Vegas...

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  • Bob Green
    OP
    Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Thanks Connie. I responded to your email. Looking forward to hearing back from you.

    0Reply
  • Connie Griffin
    Henderson, NV · Member since 2017 · 23 posts · 4 votes
    8y

    Bob thank you for responding and allowing me to connect. I would like more info. on your fix and flip program. I will IB you on revolving line of credit.

    0Reply
  • Lewis Anderson
    Real Estate Agent · Tampa Fl · Member since 2017 · 176 posts · 16 votes
    8y

    Have a rental property in Delaware That I would like to get funded if that is fine

    0Reply
  • Bob Green
    OP
    Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Hello Lewis,

    I send your a PM.  Look forward to your response.

    0Reply
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