All Forum Posts by: Gregory Roman

I'm a long time Real Estate Broker/Investor but I'm fairly new with Bigger Pockets. I need a way to quickly search the Marketplace for my ad and other ads that meet my criteria. Tech Support would be nice but I can't seem find that either so here I am in a Forum. Would appreciate anyone's input. Thanks! 

Hello Anthony, I have been a licensed California Real Estate Broker since 1961. I've been involved with many scenarios. I am semi-retired and I broker and invest in Private Money loans which you refer to as "Hard Money". Whatever you want to call it, it's OK as long as it fits your objectives. Basically when I do a loan I want the investor to have as much cash in the deal that I am going to put up. It's kind of a partnership. I am approached by many flippers who will tell me, "This property is worth $200,000 but I'm buying it for $100,000 and I'm going to rehab it with about $50,000 of my own money and resell it for $200,000"  From my perspective, if he's buying it for $100K that's what it's worth today. I would lend him $50K with the evidence that he has the additional $50K for the rehab and I am further convinced that the future value is at least $150K. This may seem a little tough on the borrower but it's safe for the lender. Now there are many private lenders who will put 50% of Future Value and that is probably the lender you will be looking for. We charge 2-5 points @ 8-10% interest for one year. For a Hard Money Lender Equity is the key not the Credit. (must also be non-owner occupied)

Hope this helps you.

G

18-ACRES ON 8-PARCELS, 904 FEET OF LAKEFRONT, RESTAURANT AND BAR, 12-UNIT MOTEL, OWNER/MANAGER RESIDENCE, 8-A-FRAME CABINS, SIX-PLEX APARTMENTS, TRIPLEX APTS, RESIDENTIAL LOTS, BOAT & AUTO REPAIR SHOP, NEW WATER SYSTEM, NEW FIRE SUPPRESSION SYSTEM, LOCATED ON HIGHWAY 95, MAJOR RENO LAS VEGAS TRUCK ROUTE,90-MINUTES FROM SIERRAS & MAMMOTH MOUNTAIN SKIING. THE MOTEL AND APTS ARE MANAGED BY AN ON-SITE MANAGER. CURRENTLY $1500/MO NEGATIVE CASH FLOW. ASKING $595K OWNER FINANCING. WILL ALSO CONSIDER AN EXCHANGE. CLICK ON LINK. THE OWNER HAS ASKED ME TO MOVE THIS PROPERTY ASAP. I AM HIS PERSONAL ADVISOR. I'VE BEEN A CALIFORNIA LICENSED REAL ESTATE BROKER SINCE 1961 NEEDLESS TO SAY, I'VE DONE IT ALL. I'M SEMI RETIRED. STILL DO SOME PRIVATE MONEY FINANCING. THIS IS A UNIQUE OPPORTUNITY FOR SOMEONE WILLING TO PUT IN SOME SWEAT EQUITY & SOME CASH OR ASSETS FOR SOMETHING THAT HAS VAST POTENTIAL. YOU MAY ALSO CALL ME AT 310-903-3124 

http://www.cliffhouselakeside.com

Not at this time. I wanted to place an ad. That's what I did. I got more results on Craig's List.

Thanks,

Greg

How do I downgrade my membership?

Thanks, Jon.

Look for my ad!

Greg

Hi Edward,

Did you read my profile?

All I want to do is get some instructions as to how to place an ad in Marketplace.

If you know the simple steps to take I would appreciate it.

I just upgraded to Plus. How long before my upgrade kicks in?

I want to place an ad.

Thanks,

Greg Roman