All Forum Posts by: Bob Reinhard

@Tommy Keay

Greetings. As a lender for private and hard $$, I do not lend on owner occupied. Check with your potential lenders first.

Bob

@Katie Miller

"Since no one else really knows what's going on or going to happen, why should you be special. Deal with the here and now."

@Daniel Vineis

There can be only 1

@Carlos Tovar

Good morning from Ridgewood.

hard to say when prices will come back to the February times.

The numbers do seem to be far apart. I've also had two appraisals come in less than the client. expected . I trust the appraisals more than I do the pre-appraisal comps. Especially since the appraisals use comps. Maybe the comps were way off?

@Zachary Sharpell

If you are torn, why not make the wise choice and just pass on this deal? There's will be others with more compelling choices.

Success!

@Zachary Sharpell

Rhetorically, given the choice between paved and unpaved, which would you choose?

Much success. Bob

@Zk Lani

Greetings. It is daunting to explain in writing but the Readers Digest version is to get a good attorney to draft your docs, get an appraiser that knows the area well,

and have a prefunding checklist and a closing checklist and a payoff checklist developed.

Much success. Bob

@Daniel Johnstonbaugh

I lend but generally not to newbies.

That being said, in the current market, figure 10%-20% of your own money stake in the game to purchase with a max lent to you of 65% of the ARV.

Much success.

Boh

@Arthur Voskanyan

The only polygraph is your signature on the application attesting to the truth of its contents.

@Erin Dorsey Robinson

I lend private and hard money. Most of my loans are less than a year and there is a first position. Like any other loan, it could risky, as all investments are, but the returns are good.

Rental are long term adequate.

Rehabs may be tricky in this market.

Much success!

Bob