All Forum Posts by: Dixia Martinez

@Abraham Kaplan yes I figured somethings were not right. But since this is my first investment...I wanted to get other perspectives. Thanks guys

From FaceBook I was approached by a Private Lender to fund my first Flip/Investment. He has forwarded his website and phone # and says he’s the CEO. Before “applying” and sending him my personal and financial information how can we be careful and make sure we are not sharing those things with a stranger? He’s private so he has no registered company etc. https://www.globallncm.com/terms.html There is an online application.

@Dixia Martinez. Money is to invest in a fix and flip

I have a free/clear vacant lot worth about $160K, lender is offering to give me a mortgage on it for $100K at 12% interest, no credit check or income verification. 12% seems way high to me. What do you think? Kissimmee, FL

20 yr fixed rate mortgage 12 percent. Seems high right? No credit check or income verification

So I have a solid Management coming for over 20 yrs that manage contractor services to commercial and residential clients. It has great credit history including a good credit line abatible to the biz and our DBA is called MPG Management. As owner I would like to branch out into purchasing investment homes, should I open a new Corp or branch out this one?

@Eric Cecere. Do you know what happens if you’re the highest bidder, place a deposit and before paying final payment you find out the property has liens or judgments on it. Are those then my responsibility to pay off? And what happens with the mortgage on it?

Thanks in advance