All Forum Posts by: Copelon Kirklin
Copelon Kirklin has started 45 posts and replied 172 times.
Post: Looking to Pull Cash Out of Your Free and Clear Properties?
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
One of the best uses for hard money is when an investor has free and clear properties and needs cash for another deal they're looking to fix and flip. Even though hard money loans are generally expensive, it can be a valuable tool if you're planning to be in and out of the deal. Contact me via direct line or email if you're needing to pull some cash out to bring to another deal. Funding is pretty fast. 2 weeks on average.
Post: Acquire Up to $150,000 in an Unsecured Business Line of Credit for RE Investing
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Strong credit is required to qualify for maximum line amount (min. 720 FICO). Personally, I think it's one of the great products for those looking for rehab/gap funds. Here are some of the highlights...
- Low Interest Rates (as opposed to typical hard money rates)
- Unsecured/No Collateral
- Stated Income/No Docs Required
- No Restrictions on Use
- Funding in as Little as 15 Days
- No Upfront Fees
- Lines Will NOT Report to the Personal Credit Bureaus
Contact me via direct line or email if you're interested.
Post: Using equity to purchase investment properties
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
@Nate Lindquist Seems like a SISA (stated income, stated assets) loan product is what would suit you. It wouldn't give you conventional rates, but depending on your use of funds, it may work for you.
Post: $90,000 purchase, $220,000 ARV
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Originally posted by @Michael Moikeha:
Portland, OR surrounding area.
Purchase Price - 90,000 - 110,000
ARV - 220,000 - 245,000
Repairs - 40,000
In a transitional neighborhood with 5 properties in 2 blocks being renovated.
Searching for either private money partners, or hard money lenders.
Message me for more information.
Have you pulled comps to arrive at the ARV Michael? I'd be interested if they support your numbers.
Post: I have 18 SFR notes I am willing to sell
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Originally posted by @Sidney Dunmore:
I currently have 18 notes I have been holding using a servicing company, I would be interested in selling them, if anyone is interested or knows of anyone please let me know.
Performing or non-performing? And are the agency underwritten?
Post: What are my options?
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Hard money is an option as well.
Post: Refinance in an LLC
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Or you could go the hard money route. That's the only other way to refi in your LLC's name.
Post: Cash Out Refi for Free & Clear Properties
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
I ran across a few investors who have trouble pulling cash out of their properties for lower amounts. I have a solution for that...
If you have SFR, NOO, 1-4 unit properties in the covered 34 states, you can pull cash out as low as $20K up to $200K, 50% LTV, NO credit or income verifications. Give me a call if you're interested 225-304-2634 or email me: [email protected]; [email protected]
Post: 1st Buy, Rehab and Hold. Proper Way To Finance.
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
Shawn presents a good option as well. If you want to explore 100% purchase and rehab funding with up to 70% ARV, I can assist you with that. It's a 9 month loan but you can refi into conventional once rehab is complete.
Post: Looking for financing ideas for a first time property purchase
- Specialist
- Kenner, LA
- Posts 289
- Votes 31
I can do the 50% LTV but it will be TRUE hard money rates. 2 weeks to fund, no income or credit verifications.