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All Forum Posts by: Dan Ruzicka

Dan Ruzicka has started 10 posts and replied 18 times.

Post: Unsecured credit lines for real estate investing

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4
Quote from @G. Brian Davis:
fund & Grow

With $150-250K in unsecured business credit lines and cards, you can:

  • Buy investment properties
  • Borrow the down payment to combine with a normal mortgage
  • Renovate properties
  • Expand your lead generation marketing

You draw on the credit line, then pay it back at your own speed. Rinse and repeat with as many properties as you like.

But the average real estate investor doesn’t know how to raise that much money in business credit lines. They may find one or two banks willing to give them $20K or so in a credit line, but that’s it.

Enter: business credit concierge services. They:

  • help you open a series of unsecured business credit lines and cards,
  • negotiate the limits higher for you,
  • find 0% introductory interest deals for you,
  • scrub your credit in between rounds of fundraising, and
  • show you how to buy real estate with business credit cards without paying a cash advance fee.

Interested in learning more? Here’s a video of exactly how it works.

In the meantime, try this calculator to figure out how much you qualify for in unsecured business credit lines and cards. This method is WAY cheaper than borrowing from mortgage lenders or hard money lenders!

Cheers,
Brian

Any References? 

Post: Business Line of Credit? Real Estate is typically a NO GO

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

Anyone aware and do business with banks that extend Business Lines of Credit for Real Estate. Longtime LLC, High 7s Fico, Can show 6 figure balances and Super Track. I have heard Real Estate, Cannabis and Constuction are No GOs.

Post: How much should I tell them

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4
@Eduardo Zepeda “Emotional Equity”. As real as it is fake.

Post: How do I sell My Subject to Deal???

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

I can send you a copy of the agreement.

Post: How do I sell My Subject to Deal???

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

Really my only concern is if I take a 20K down payment and the lender calls the loan due.  I would have folks in the house that probably don’t qualify and maybe need more than the 20K Down in my pocket to get them financed.  Any banks enforcing due on sale clauses??!

Post: How do I sell My Subject to Deal???

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

They know everything. Payment is PITI included. CA. It is in the contract that I can hand the property back to them at anytime and specifically if the property becomes vancant. The agreement is as risk free as imaginable. That said what would. You donwith the property

Post: How do I sell My Subject to Deal???

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

I mostly do Wholesale, did 27 last year, but never a subject 2.   I found this Subject to and am not sure how to sell it.

4/2 2100 sqft  AVM's are from 300K to 308K.  I am taking it over for loan balance of $282,494.93.

Has a renter in there that is month to month paying $1800.00 the mortgage is $1850.00

What would you do with this???

Post: Duplex $425K Zillows $670K

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4

Back from Vacation-Hope these will pay for your next one:-)

Duplex in La Quinta Awesome and rented till 3/19 $425,000 Zillows $670K priced $160sqft in a $262sqft City.

2 3/2s 2661 sqft Granite Counter tops, New Appliances, Slate Stone Showers, Tile, Gated Court Yards, Mnt Views. $1330 and $1350 rents until March of 2019. One unit has a pool so Coachella VRBO is a great use. $160 a sqft in a $262 a Sqft town, Zillows $670K yours $425K Email Me for Pictures.

11,640 Sqft Industrial Building below Market in Palm Desert Cannabis overlay. $149sqft. Check it, market is $175sqft.

2 SFR;s and a Duplex $465K all rented paying $2650 in Yucca Valley (may Trade for something in San Diego).

Duplex Thermal Call two 3/2 Yours $155K rents are too cheap at $1350 (he has his buddies renting) Easy $1650 rents available.

San Clemente 3/2 high on the Bluff KILLER VIEWS 270 degrees of Ocean and the Golf Course 1.3M.

Dan Ruzicka

Director of Acquisition

Pacific Real Estate Ventures, LLC

78-365 HWY 111 suite 401

La Quinta, CA 92253

CalBre #0200671

C 760-702-5324

Post: What about Alice? Evict her?

Dan RuzickaPosted
  • Investor
  • La Quinta, CA
  • Posts 20
  • Votes 4
Originally posted by @Anthony Wick:

You know the answer. If you didn't know the answer, you wouldn't have put the house under contract. 

 Anthony, you are right.  I know what to do. Time now to do it. Others are right the Eviction notice might might move her up the list.  Thanks All.