All Forum Posts by: George Taylor

Hi Ashley, what exactly are you looking to gain some knowledge on? I'm on the east coast but might be able to help out at least a little. Why storage units and not some other type of investment property?

Also check out Clayton Bank as they are the main bank that funds Clayton Homes so they are very mobile home park investor friendly.

@Jay Hinrichs I welcome all the knowledge that I can get from those in other markets than my own. I'll reach out to my boss tomorrow to clarify this. I appreciate it..

@Matt Madar They are a very large lender. Pretty hard to get a hold of, just like Lima One when push comes to shove. If you have the time to wait on a good deal then I would suggest you continue with them. With low rates normally comes bad service in the HML industry. Hope this helps you some..

Hi @Ralphy Rosado What is the total value of your properties at this point? We might be able to package it all together and do a cash out that way. 

@Jay Hinrichs Our ability to do transactional funding is in every state except AK, HI, PA, CA, and NV.  I would have to check with our managing partner on the exact specifications in Oregon but as far as I know we are still able to do TF there. Charleston is great, I'm going there next week for vacation, I love the charm. I'm sort of new to the BP community so I'm feeling my way around it. 

@Jay Hinrichs We are in the Oregon market in case you have any contacts needing TF.  We have some great rates and you can PM me for details.

I know this post is about 2 years old but there is nothing saying wholesaling in NC is illegal. That is a realtor that has no clue or doesn't want to lose their commission on the C side of the transaction. A lot of states are getting tighter and that's where a good transactoinal lender comes into play. Two years ago when this thread was created this whole thought of tightening up wasn't even a gleam in an eye.

Hi Bo, 

Sounds like you are on the right path. If I were you I would look into transactional funding for some of your wholesale deals. It protects you if you are looking to make more than just a few thousand dollars per deal. If you would like to know more then you can PM me. We don't lend in PA at all so this isn't a solicitation, just something you should look into as an option if you ever need it.  Thanks..

You can always wholesale the property out and come out ahead by at least a few thousand dollars...