All Forum Posts by: Dustin Amodo

Wondered if anyone heard of or used AGM shim Corporation? They supposedly do 100% funding for buy-fix-sell.

80%LTV, 10.50%, 2 points.

Oahu, Hawaii. First buy-fix-sell.

Im looking for someone who would like to invest in my deal and would like to build a strong, trustworthy long-term relationship for future deals and investment.

Deal Analysis-

Funds Required: We are seeking $100,000 for the qualifying reserves/down payment for the loan. The annual return on your investment (ROI) will be 12% on this project.

After Repair Value: ● $680,000

Purchase Price ● $500,000 

Total Purchase Price (purchase price plus purchase costs) ● $511,650

Construction Costs (Site development, construction of houses, and soft costs) ● $40,000 

Monthly Holding Costs (7 months) ● $5,810 

Total Loan Amount (total purchase price + construction costs + holding costs) ● $550,000

Return: We are pleased to offer 12% annual APR for this project. $1,000 in interest (based on $100,000 principal) will accrue every month, to be paid out in a balloon payment, along with the full return of your principal, all paid through escrow upon the sale of the property.

Security: A notarized Promissory Note and Mortgage will be issued to the lender, which will be recorded against the property at the Bureau of Conveyances. Our LLC (DRA INVESTORS LLC) is on title as the legal owner of the property. After paying our lender(s), there is substantial equity in this deal. This substantial margin of equity provides additional safety for our lenders.

I’m interested in properties that are located on Oahu. Price range doesn’t matter. Tear downs and need major repairs is primary, light rehabs are considered. Single family’s is primary, multis is considered. I don’t discriminate much on details. As long as the numbers line up then we have a deal! Thank you!

Ben Heckendorf seems to be the owner of reiwholesalerpros.com. They sell you a $400 software that is based on month to month terms includeing a free 3 day trial. After speaking with Jeff (one of their employees), I guess its a direct mail reply for craigslist whenever someone posts something similar to your criteria. I tried to do some research about the company, but because their fairly new, I have yet to come across much reviews.

Has anyone had any experiences with reiwholsalerpros.com or ever tried it?

Im looking to linking up with wholesalers in Hawaii on the island of Oahu. As a rahaber, distressed single family properties is ideal, multi's is considered. Let me know what you have. Message me, call me/text me ASAP. Or if you'd like to leave a reply or number I can message or call you also. Time is of the essence. Thank you! (808)498-9182