All Forum Posts by: Duane A. Snow

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Duane A. Snow has started 23 posts and replied 62 times.

Quote from @Scott Wolf:

Quote from @Duane A. Snow:

Quote from @Tony Savage:

Just so I'm clear Duane:

You want 630k from a private lender?

You have no skin in the game and you are offering the private lender 30% or 70% of the profits?

What source are you getting the arv from?

How long will the rehab take?

Thanks for the reply. We are changing directions. $350 for purchase and $150 rehab. Quick fix sell at $700 to $750K. Potential done by end of June.

I may be able to assist. Is the property rural?

yes

0 Votes

Milwaukee, Wisconsin

Quote from @Scott Wolf:

Quote from @Duane A. Snow:

Quote from @Tony Savage:

Just so I'm clear Duane:

You want 630k from a private lender?

You have no skin in the game and you are offering the private lender 30% or 70% of the profits?

What source are you getting the arv from?

How long will the rehab take?

Thanks for the reply. We are changing directions. $350 for purchase and $150 rehab. Quick fix sell at $700 to $750K. Potential done by end of June.

I may be able to assist. Is the property rural?

Yes it is rural.

0 Votes

Milwaukee, Wisconsin

Yes it is. Right on the lake too. Great dock space and views.

0 Votes

Milwaukee, Wisconsin

Quote from @Tony Savage:

Just so I'm clear Duane:

You want 630k from a private lender?

You have no skin in the game and you are offering the private lender 30% or 70% of the profits?

What source are you getting the arv from?

How long will the rehab take?

Thanks for the reply. We are changing directions. $350 for purchase and $150 rehab. Quick fix sell at $700 to $750K. Potential done by end of June.

0 Votes

Milwaukee, Wisconsin

Quote from @Ryan Davies:

Hard money could be your answer. Here is how most work:

Rates: 9% to 13% (Most Deals are 11-12%)
Terms: up to 36 Months (Most Deals are 6-12 months)
Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)
Max Loan: 65%-70% of After Repair Value(ARV)
100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)
Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)
NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Thank you for sharing.

0 Votes

Milwaukee, Wisconsin

I am in a unique situation. Lenders are scare to give 100% because I have only done flip and hold at smaller amounts. I want bigger time with big results. Purchase $430K - Rehab $200K. Lake front home to sell at $1,000,000 to 1,200,000. Instead of a percentage to finance...what if it was a partnership and I ran the deal and split like 70/30? Not sure if anyone has ideas on who to look up for this. Let me know thoughts.

0 Votes

Milwaukee, Wisconsin

Quote from @Alex Hunt:

Happy to look at this, send a message. Lake home's depending where, rural or not can be issue for some.

I called the number. not sure you can help. I need 100% financing.

0 Votes

Milwaukee, Wisconsin

I have never looked for lending this way, but I have a property that I want to buy ASAP the is on the lake. Lake homes are about $900,000 to 5,000,000 on the lake. This home is distressed and listed at $419,000. If I can get for $450,000 and put in $50K to $100K I could refinance, sell, would like to use as Short Term Rental. Any way to help me get in the game on this would be GREAT!

1 Vote

Milwaukee, Wisconsin

What is the price for that? I was thinking on how we are trying to buy rentals under the LLC as well.

0 Votes

Memphis, Tennessee

Quote from @James Wise:

Quote from @Duane A. Snow:

Property Management company located 40 minutes from Madison and Milwaukee, WI.

Thanks for reaching out Duane. Are you interested in advertising your Milwaukee property management company on HoltonWiseTV?

0 Votes

Memphis, Tennessee