All Forum Posts by: Colonel Boothe

I would run far from anyone who says they will loan you money especially that much without you paying at least 10% down.

I deal either multiple hard money lenders and they all loan conservative amounts of money until you've proven yourself to them. 

Hello Syed, I'm in the same boat as well. I spent a few months looking for a reliable wholesaler in Worcester and did not find one. I've met several in boston though. I've given up on the worcester wholesaler search and have relied on my realtor and MLS to find my flips. Once a property hits the MLS you must be prepared to move on a property immediately because it's a feeding frenzy in Worcester and the competition to get a good flip project off MLS is very fierce.

I've been in bidding wars in every single worcester property I tried to buy.

The down side to MLS based flips is the profit margins aren't very high.

Good luck friend and colleague request me so I can keep you I mind on potential equity partners for my next project or if you just need someone to network with . 

Hi guys, hope your 2016 is prosperous. 

I own a few multi families and single family homes in the New England area and I'm currently looking to buy, renovate and hold additional rental properties.

Always looking to meet with other investors and wholesalers. 

Reach out and let's chat.

How much did you lose buck? And how did they entice you into sending them money?

Please provide more info on pmb international.

Thank you Chris, I do see the value of skin in the game from both sides of the spectrum

That makes it seem impossible to get into a large income producing apartment complex unless your already wealthy.

So any lender stating they can get me 100% LTV is full crap?

Ok so I've been on here for a little bit looking to network with some potential HML's. I'm in central ma, and the rental market here is very very very profitable. But who has 25% to put down on every apartment complex ya know. So I'm looking for legit lenders who will help me close in reasonable time. I don't mind paying high interest rates as long as I can make some type of monthly profit.

What type of hard money lending scams should I avoid?