All Forum Posts by: Nathan Jones

There are a few residential lenders that will loan the acquisition and rehab costs. The rates aren't pretty, but if you are properly prepared, you can finish the project and sell it or refinance it at a lower rate. FHA even offers a program that does this for owner-occupied rehabs. If you need assistance with finding these lenders, just let me know.

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Nathan

That's a beginners trap. Don't do it.

I did that for my first investment. I lost all of my equity. I wish I knew then what I knew now. You don't need to use your equity. If you must tap that equity, only use it for the escrow deposit and closing costs. You can finance the rest with the investment securing the note. If the properties needs rehab, you can still get a loan that includes purchase and rehab costs.

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Nathan

Check into local real estate clubs. The membership of these clubs can be a great place to start a list. Also, check your local discount paper. Here it is called the Pennysaver. Put an ad in there and also check for other wholesalers in there, you may be able to team up with them to use their list. By sending more properties out on a list, it would only make their list members happier. Also have a mailing list online that people can subscribe to. A place to look for a club may be www.meetup.com. I am a organizor for a real estate networking group on this website.

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Nathan

Possible strategies include first and second mortgages, joint venture, mezzanine loans, seller contributions, and gifts of equity. I work with lenders that do all three in order to get a CLTV of 100%.

It usually takes some hard shopping, but it is available.

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Nathan

There are several strategies available for getting your 100% on a NOO.

Nathan Jones

There are various tools available for getting you 100% financing on an investment property.

[POST EDITED BY ADMIN]

Yes, you can do the loan in the LLC's name. I would recommend it if you do purchase several properties. However, you will need to be quarantor on the note still. Once your LLC has been in business for 2 years and take the necessary steps to build the company's credit history, you will be able to purchase in the LLC's name without you having to be the quarantor. Blanket loans have advantages and disadvantages. We would need to talk more indepth about your investing plans to determine if that is the right loan for you. I would be glad to assist you with your investments.

Nathan Jones

I am a broker and have several lenders available that can do foreign nationals. I would be glad to assist with your international customers.

Nathan Jones

I have several lenders that handle these type of situations. Contact me

Nathan Jones