All Forum Posts by: John Paulus
John Paulus has started 5 posts and replied 15 times.
I'm looking for a private lender to scale my Fix and Flips. I've funded my last two and have avoided using any hard money lenders as some of their rates, fees and rates are exorbitant. Can anyone recommend someone they have used in the past?
Post: Frisco Financing LLC out of Colorado
- Posts 15
- Votes 7
Quote from @James Heller:
I have a go-to HML with awesome terms (.5 orig/10% int). I'm really looking for a PML who will do second positions for creative deals (that I hold longer term) or to increase my ability to take on fix and flip projects. Or simply a first position with higher leverage would cover half of my need
Who are you using as your HML?
Post: I'm pondering making private loans for flipping
- Posts 15
- Votes 7
I'm looking to scale. I'm funding my own deals, so I'm doing one every 70-80 days. I would like to do a minimum of 1 every month. I've passed on a number of deals, because the margins weren't there when paying all of the fees and points that many of these hard money lenders are asking for. I would be more than happy discussing a $200k+ line of credit with a guarantee of a minimum of 12 months at 10%.
Post: Has anyone used or heard of this company? Property Funding LLC
- Posts 15
- Votes 7
I have received several emails from them and wondering if they are legitimate. They're offering 7-9% interest with just 1 point on Fix and Flips. I'm seeing 11-15% with 1-2 points and another $2800 in fees.
Post: Multifamily Underwriting Template
- Posts 15
- Votes 7
Does anyone have a solid Multifamily UW Template that you can share?