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All Forum Posts by: Fred Shatzoff

Fred Shatzoff has started 54 posts and replied 432 times.

@Alex Forest  Alex just so you know if you want to get funding on a fix & flip or a buy and hold lenders only lend to an llc or a corporation.

@John Mills  Seconds are not allowed.

Post: First Multi-Family purchased!

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@Richard Lovering  Congratulations.  Hope it works out well with good tenants.

@William S.  I would say leave the rental property alone.  Get an unsecured line of credit we offer 0% interest for 12 -21 months. You just need a 680 credit score to qualify it is not attached to your house.  I can send you a link to apply.  You will find out on the spot.  It cost $1 to apply that is for your credit reports.  It takes two to three to get funding.  Once you get funding.  At the time of funding we charge a one time fee of 9.99% which can come right off the top.  If that interest you let me know.  Good luck.

Post: Still Green- Needing Advice

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@John Matthew Johnston  Is this multi family or a single family?  Did you finance this fix and flip or buy it cash?  If you financed how much do you owe?  What is the arv?  Hope that helps.  Good luck

Post: True Investors networking

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@Todd Freeman Jr  I do a lot of prospecting on Craigs list go to housing wanted and search for we buy house.  That is where you wholesalers.  hope that helps. What are you trying to accomplish?  What is your strategy?  Fix & Flip, Wholesale or buy and hold?

@William S. William I can actually get you an unsecured line of credit which is not attached to your property.  What are you looking to do with the funds?  On you rental property you don't want to over leverage.  It could cause a negative cash flow.

Post: 5 plus commercial landers

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@Dmitry Ratmansky  I can help you with both.  I am assuming these are going to be non owner occupied.  Feel free to reach out to me and we can discuss further.

Post: 5 plus commercial landers

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@Dmitry Ratmansky I am a little confused here.  Are these two separate properties you are trying to buy?  We could probably finance the whole thing.  If it is two properties then it would be two loans.

Post: 5 plus commercial landers

Fred ShatzoffPosted
  • Lender
  • Posts 604
  • Votes 160

@Dmitry Ratmansky if you want help with financing let me know. We could do it with 20-25% down. Good luck.