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All Forum Posts by: George Taylor

George Taylor has started 6 posts and replied 250 times.

Post: 12% First Mortgage, 28% LTV - $410k Commercial Bridge Loan Needed

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

@Greg Wadsworth Hey there.. Give me a shout about this. Seems like a pretty straight forward deal. Thanks..

Post: Australian investor - looking for cash out from existing prop

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

Also another thing to consider with being a foreign investor not residing in the US, if you have an LLC that's formed here in the specific state you own property in then it shouldn't be an issue. As far as the properties under $75k, it's difficult to find lenders but they're out there, usually have a minimum fee that they'll charge instead of a normal point fee schedule. You can message me if you'd like to further into details. @Sebastien Hitier @Stevan Adzic

Hi @Tony C. Give me a shout when you get a chance and let's discuss some options for you. Thanks.. George

Post: Private Money Lender?

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

@Austin Davis It will be pretty difficult but I think @Chris Mason might be able to help out a little here..

Post: Need some money, what should I sell?

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

@Ben McMahon Why not get a HML on one of those properties for a temporary solution for 12-24 months? A cash out refi at 75% LTV might alleviate some of your issues right now.

Post: Private Money Lender?

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

First off for him to not want to pay any points will decrease your ability to find someone by about 99%. The only way I can see it possibly happening is if he finds an equity partner and they pay for everything or if he brings a large down payment to the table. Find out if he has any cash to bring to the deal, 3 weeks is pushing it, too. If he has 25 years experience he should know how difficult it will be to find that deal and would expect to bring collateral or cash to the table on a $1.1M loan request.

Post: Having trouble refinancing using the BRRRR because of DTI

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

Hi @Vince Gethings If you are still looking for a possible solution and have questions then feel free to give me a shout. Thanks..

Post: Looking for financing that uses cross-collateral

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

Depending on the size of the loan, experience, credit, the deal itself,  it would be the normal 12-24 months at 11.99 or 9.99% with no PPP and 2-4 points. 

Post: Looking for financing that uses cross-collateral

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

Hello @Sylvia Jackson I have several clients in the Atlanta area and Stone Mountain. I think we can definitely work together on this. I'm doing the exact same thing right now for a multi family unit just south of downtown for an investor in TN. After you visit our website then please don't hesitate to reach out to me with any questions. Thanks for your time.. George

Post: I have 4 clear rental houses and I want Cash out from them

George TaylorPosted
  • Wholesaler
  • Myrtle Beach, SC
  • Posts 276
  • Votes 80

@John Cushing @Ozzy Smith Gentlemen.. Feel free to visit our website and if you think we might be able to work together then don't hesitate to reach back out to me. Thanks..

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