All Forum Posts by: Hosea Irwin

@Allen Fletcherthanks. 

@Allen Fletcher  Sounds good. I'll try those.

I have several contracts on properties, from commercial to residential. I'm not looking to hold any accept one property. problem is, I low on funding. I have Money in one investment and don't have enough for the other ones that are also great deals but time sensitive. Hard money Lenders are asking 20% down, which I don't have. And even if i do get it me Buyers have conventional loans which what to see me hold the property 1 to 4 months. Are there any Lenders, private or hard money, that will 100% fund a deal with a qualified end buyer? Or any one have any suggestion? 

Sure. What ever we can do to help and vice versa. I am good at finding investment properties and helping with rehabs. I use to rehab homes myself but now I'm an investor. I also Help with Starting new businesses ( LLC, c and S Corp, non-profit) and establishing business credit. I am currently working on transactions right now.

How Does a REI promissory note work for investors? I'm in Chicago and I'm looking for better ways to invest other than a traditional loan. I heard about promissory notes back by Deed. But I don't know anyone who has done this. Does any one know how this works?i have people willing to invest that don't want to be involved in the Landlord or flipping part. They just want a percentage back. Please help.

I'D spend a few thousand on opening an LLC and paying for pros to increase my business credit and personal credit. Get a loan against what you have and invest the money from the loan and keep your 200k in your pocket. After about 6 to 12 mos of building credit. Apply for another loan ( maybe around 500k ) with the LLC. Pay back personal loan and continue investing with that. First thing first, double your money and protect it at the same time by creating another entity and using it to invest. OPM ( other people's Money) Keep your 200k for a back up plan. But I'm sure you can double it by the years end. Don't forget to get a wealth tax strategist to help with tax breaks. You'll pay a pretty dollar for a good one but they'll save you a lot on taxes. This is the summary version but it can be done.