All Forum Posts by: Cornelius Charles

@Jeff Minc

My wife is a realtor.  Please send me a PM if you would like me to send you her info.

@Peter Molina

My wife and I are located in Ventura/Oxnard. We would be happy to take a look at your mother's home with you and offer some suggestions.  Please feel free to reach out via PM if there is anything that we can do for you.

@Jeff H.

I still work a day job, so usually the weekend is when I have the most time.  Please send me a PM and lets try to set something up. 

@Jeff H.

Welcome to bigger pockets.  My wife and I are located in Oxnard as well. Please let me know if there is anything that we can do to help you with your endeavors. 

@Philip Aguilar

We work with an investor who does development and rehabbing in Santa Barbara.  If this opportunity is still available, please send me a PM or email and maybe we can discuss further.  Thanks.

@Jolene Blazey

I contacted both of them about funding my first flip and they both were interested in doing so.  Fortunately, we were able to find other, cheaper sources of money and didn't have to end up using them.  Who knows if they would have actually ended up funding us or not, but at least they did not write us off due to lack of experience.  I am sure some of their decision making when dealing with newbies will be how much equity is in the home.  And if I remember correctly, I think one of them wanted to  have some involvement with the rehab to make sure things were staying on track.  I will send you a PM with their info.

@Kurush Italia

if you have not yet found the money for the deal, I would be cautious with putting up any kind of non-refundable EMD. We were trying to buy our first deal from a wholesaler and were thinking exactly like you are. We would get the deal, and then we would find someone to fund it. Someone eventually beat us to the punch, but looking back on it, that was most likely a good thing as I do not believe we would have been able to find all of the funding necessary for the purchase and rehab.

@Jolene Blazey I know at least two hard money lenders that say they will fund 100% of the purchase price AND rehab. I have not done business with them myself, but one of my colleagues has used one of them.  They both lend in Ventura County, so I assume they would lend in your neck of the woods too, but you would have to verify.  If I remember correctly, they both will charge points/interest AND require a large portion of the profit. But hey, some of the profit is better than no profit at all. 

Also remember that they will have their own criteria on what they consider a "deal" and what they will loan on.  Not that I'm an expert or anything, but when I first started out, it took me a little while to realize that what I considered a deal wasn't necessarily a deal by someone else's standard. 

@William Reich

What is this technique that you are referring to?

@Samia Bingham @Rodney Williams

Thank you for the suggestions.  I will check both of those out.