All Forum Posts by: Jefferson Harmon

I bought my first investment property last Dec. My goal was to have the rehab done by May at the latest. Due to the financials I wasn't able to get it on the market until late July. It has been under contract three times. The roof has been the biggest concern for the buyers. My credit score has gone down significantly because I had to put a bunch of the costs on credit cards and have been late with a lot of payments. We originally had the house on the market for $399,000. It is currently listed at $343,900. I am considering a cash out refi but don't know my options with my credit the way it is. I am seeking advice from this community to help me brainstorm ideas. 

Thanks in advance!

Recently I sent out a bunch of letters to tired landlords in my area. I had a number of people contact me. One of the people that contacted me owns 8 units on two tax lots that are attached through the backyard. I need your help in the evaluation of these units because the 8 units are: one 4plex, one duplex, and two SFH. Most are 1bd1ba and around 1,000sf. The duplex is vacant as well as one of the units in the 4plex. Rents range anywhere from 750-950(a little low for this area). How would I evaluate these properties? The seller wants the sell both of them together. They will probably need 100k in rehab.

Thanks in advance!

@Anthony Wardensky it was Donna Copeland. 

Thank you. I did some research and others on FB said that these people might not be who they say they are. 

I am nervous. I responded to a facebook post one of their associates posted. It looks like it is a new FB account. It looks like you are a lender. Is that correct?

Has anyone dealt with Shivers Lending?

Thank you @Jerry Puckett. 

Thank you. I asked another group on FB and they said the same thing! I will come up with something and get it done!

Does anyone have a good template letter that you send absentee owners? 

Looking for some advice....I am finishing up my first flip. It is going really well and I am set to make a good profit from it. While this is only going to be done soon, I am trying to secure my next property which will be a BRRRR. A property just came on the market that has a lot of meat on the bone and I want to secure it. The seller wants cash. How do I secure the money to buy this property when all of my capital is in my current project? I am hoping to find a private money lender that will loan me the money until I can sell this current property and secure a traditional loan. TIA