All Forum Posts by: Bryan C.

Also does anyone have an example with some #s they can post to help me get a better visual....

most lenders tend to do 60-70% LTC, so if i find a property for $25k does that mean the lender would probably limit the non-recourse loan to $14k?  that can't be right.....

I also keep reading that most lenders limit non-recourse to $50k or higher loans....

Brian I am interested in pursuing the Private Lending or Individual piece for non-recourse lending.....i would love to hear your ideas or suggestions?

Thanks Adam.  What I am trying to find out is do you have to go through a lender or can someone you know provide you with a non-recourse loan....?

Curious about non-recourse loans....can anyone give a non-recourse loan?  Can I get a non recourse loan from anyone?  

Please share your experience and your lender that you used....

Hard Money Lenders are a possibility but should not be in your top options because of the cost or price you will pay to get lending.  However, if you have no other options it is a good avenue for many.

Good afternoon all,  I have a property in Cincinnati that is currently zoned Commercial Mixed.  I am told that the bottom floor is for Commercial and 2/3rd floors are for residential/personal use.  I have no knowledge on zoning but I am being told I have to request a Zoning Hearing from the City.  I guess I have to request it rezoned to residential for me to rent to a family or keep it Commercial Mixed and rent to business....

Does anyone have experience with this?  I desperately need advise and help on this one....

It depends on details not given...    Where do you get your #s for its value?  Is it rental ready now?  How much needs to be put into it prior to renting?  How much will it rent for?  Are you looking to sell as turn-key; if so you need to do repairs, get tenants on leases, and sell? 

I am far from a pro but I would say that getting a REO property for 33% reduction from list price is unlikely but still possible. I would suggest starting off around $70k and work up...maybe go as high as $75k. This still leaves plenty of meat on the bone. $75k + $15k rehab + $5k hold costs/unexpected expenses = under $100k easily. If ARV is close to $160k then that is a great flip all day/everyday!!! Make it a turnkey rental basically

Gabe Z., I dont know how any state would allow licensed agents to perform deals without disclosing ....