All Forum Posts by: Doran Summers

I’ve seen even hard money lenders doing 80% of purchase. Credit would need to be 700 of course.

Let me know if you would interested in a 15 chat. I can run some numbers and see how we compare to other lenders.

I am in the process of looking at a 8 unit for $140,000 grossing $3,500 monthly. The current owner is paying for electricity, sewer and dumpster. It’s poverty as well. Still thinking if I want to pull the trigger with it.

@marion Lee I would love to see if I can help you.

James, where are you investing? Maybe you can partner up with someone with capital? Like a family member or friends. Do you have a 401k? Maybe if you have enough you can use that as downpayment.

John, what’s the value of each property and where are they located at? What are the arv and how much do you own for each property? Usually the only upfront fees should be for appraisal. What’s the good faith fee and how is it refundable?

No problem. Let me know if you need help.

@Haresh Melwani, we will look at them an SFH which will be based on current market. The min value of each property should be $50,000.

@haresh what’s the value of each property? Are you looking to consolidate with a blanket loan?

@moshe send me a message. I may be able to help.