All Forum Posts by: Andrew Michael

I have a contractor out that way I have used for flips in the past.  PM and I can send you his contact information. 

Thanks

Buyers, message me your criteria so we can get you on our buyers list.  These deals are moving quick.  

Quick Loan Specs:

- Loan Type: Acquisition + 100% of Construction loan

- Term: 12 months

- Interest Rate: 12% paid monthly (annualized - no prepayment penalty)

- Points: 3%-5% paid at closing of the loan

- LTV: 65% max x ARV

OR

- LTC: 80% max x (Purchase Price + Renovation Cost)

Hi Ray,

I have 27 off market deals at the moment.  Send me a message and I can get you added to our buyers list.  We also have funding available so if you are interested in picking up your volume I can make that happen.  

Lets talk.

Hi Tim I will message you.  I have 25-30 wholesale properties in the DMV area and funding.  

We are looking for strong buyers in D.C., Maryland, and Virginia.  We are currently getting about 25-30 off market properties each month.  If you would like to be added to our buyers list please message me so we can discuss the details.  

WE ALSO HAVE FUNDING AVAILABLE.  

-  Application and approval process only takes 24-48 hours

-  Loans available from $100,000 to $3,000,000+

-  3-5 points @12% with no hidden fees

-  New and experienced investors welcomed

[email protected]

301-466-7432

Hi @Alan Salgado

I have used Daniel Cohen with E. Cohen and Company for years now. He has helped me strategize, maintain LLC's, etc. He is not the cheapest guy around however the money he saves me and is able to have returned to me far outweighs his costs. He is right off Shady Grove so not to far from you. Overall I have been really pleased with him and he is very nice and customer friendly.

PM and I can send you his information.  

Thanks

Hi @Evan Hunsberger,

Got excited when I saw you were from Harrisonburg, JMU grad here.

I think the short answer to your question is pursue the path in which you learn best.  I did not go to school for real estate or anything even closely related.  Once I decided I wanted to pursue a full time career in real estate however I immersed myself in the game 100%.  I think commitment and drive is 1000 times more important than how you get educated.  

For me I went to every seminar I could find within driving distance, read books, listened to pod casts, read the forums, offered to work for free doing landscaping and manual labor, simple admin tasks, etc whatever you can do to be around like minded people and learn from them do it.  Eventually you will find a mentor and began to obtain knowledge.  

Surround yourself with honest hard working professionals and listen to their advice.  Even when I had no idea what I was doing or why I was doing something I just listened to what they told me.  Eventually things click and began to make sense.  But the process of taking guided action while you learn is where you will grow by leaps and bounds.  

This is the approach that worked best for me.  I am so thankful I used my money for actual deals rather than a real estate degree.  

@Sean Forner 

Shoot me a message. I cant promise the loan but I have two lenders you should reach out to who will do loans for less than 100k. One literally gave me a POF letter for a loan that was 24k once lol. They may be able to help you out so you can close.

Cash for keys is literally paying a bad tenant to move out.  It sounds counter intuitive and understandably can make a landlord cringe especially when someone is already behind on payments.  In your situation however I agree with Alicia.  The price you will pay to entice a renter to move out is FAR less than going through the eviction process and running the risk of your loan to be called.  You are openly admitting your in breach of contract.  I would bite the bullet, evict the tenant and make sure you get a quality tenant in there so you can start cash flowing again.  

May want to get a new property manager as well.  They don't seem to be working out well for you all.  

Hi James,

What specifically is your unique skill set?  What opportunities are you looking for? I have access to off market deals and actually have an open house for one of them in Glen Burnie tomorrow at 12:00.  Would you be interested in taking a look?

I also can provide you or your investors with financing for deals.  Please reach out to me if you are interested as I have several wholesale deals and usually a handful of them are in your target market.  

Send me a PM when you get a chance.

Thanks,

Andrew