All Forum Posts by: John Rubino

Hello,

I own a private lending business and am looking for experienced developers, builders, partners, PMs, and rehabbers in the MD and VA markets who are interested in partnering up with us on projects we are finding through an independent broker. The broker is finding great properties and sharing these with us to potentially buy and rehab to sell. Our company would like to locate "market specialists" who've had success and are currently working in the markets that have these properties our broker is finding. We are focusing on the MD and VA markets to include southern MD (ST Mary's, Calvert, Charles counties). If you are currently operating in these markets and are interested in partnering up with us on a Joint Venture or fully funded deal, send me a message on BP. Thanks very much.

Regards,

John Rubino

Mike....my lending business offers JV services. If you'd like to discuss more send me a PM on BP.

John

Deadrick,

Tried hooking up with you a few times.  If you are interested in discussing send me an IM on BP.

John

Thanks again all for your advice and keep it coming.  Thanks Roger for your words of wisdom and guidance.  I really value your sentiments and obviously look to both you and Justin as mentors.  I know the three of us will continue to be very successful now in the future. I just need to learn an important word......PATIENCE!

Talk soon gents.

John

Thanks Gents for the quick feedback.  I really appreciate it.  @Justin Pierce.....you know I always have your back and would love to do ANYTHING in real estate with you!  We'll talk more my friend.

Good Morning BP and Happy New Year.  Haven't posted in a while but I have a good one I wanted to share with the group.  A question really. 

I am active duty Navy and have about 2 years left till retirement.  I've been operating a Lending Business since April 2012 and have started to actively invest in our markets here in Northern Virginia and Maryland.  I'm happy with the way things are going on the lending and investment side, but not sure if it is something I count on to provide my family and I with the necessary income that we currently earn with the stable military job. I am looking at DoD/government jobs, contracting jobs, and corporate America jobs, but I really want to stay in real estate full time since I love the business. 

I know I still have 2 years and things can take off on the Lending and active investment, but I'm thinking of getting my realtor's license sometime this or next year.  My wife did the Moseley Course online and she didn't have much insight into real estate before she took the course. She completed it and is looking to the take the PSI exams. 

Is it worth taking the course now or next year before I retire to make the realtor position something I can do full time for a stable income while I do the lending and active investment efforts on the side?  I have a great network of colleagues, friends, and family in real estate where I am located and I know being a realtor has a lot to do with knowing your area and having great referrals.  I just want to make sure I can have the stable income as I continue to pursue other avenues of real estate. 

I have been looking at the pros and cons of being an agent and investor but would love to hear everyone else's thoughts.

Thanks in advance BP and I look forward to hearing your thoughts, suggestions, and as always great feedback.

Regards,

John Rubino

Calling all interested Joint Venture (JV) Partners! We are looking to partner up with investors and businesses interested in JV opportunities (primarily in DC, VA, MD, FL, GA, NC, and SC markets). Here's what we are looking for:

- We will put up 50-75% of the equity (anything less than 50% can be discussed)

- Equity positions greater than 50% for our company require 1st position & either a personal guarantee or unencumbered asset on remaining investment amount/percentage

- Both parties earn a preferred return & split remaining profits on an agreed to profit share.

- Investor/business will manage project or can co-manage with us (DC, VA, or MD)

- Additional terms/parameters can be discussed and managed on a deal-by-deal basis.

We have been very successful with this model to date and are looking for additional partners to work with.  I look forward to hearing from you.

Regards,

John Rubino

Anytime and best of luck.

Be careful with folks who say something is "the easiest and quickest way to make money."  These folks tend to either be really good at it and aren't telling you the down/bad sides of things or are just telling you what you want to hear. If something sounds too good to be true it usually is....especially in Real estate.

John

Rahdia,

Depending on how you get funding/financing on the front end and back end will dictate your costs. Normally if you are buying with cash you will be required to pay all the costs (title search, 1.5% recordation, and other closing fees....normally around 2%). Title searches are around $150-250. I use Emkay title in Baltimore. They are great. I'll leave their info below. On the sale it again depends on the buyer and the financing. VA/USDA loans usually have the seller paying most of the closing costs and if its a first time MD buyer than you will also have to pay the 1.5% recordation and transfer taxes. If there are agents around then plan on 6% (sometimes you can get that down a bit towards 5% if you have an agent). I usually plan on 8% for closing costs on the backend but sometimes have seen 10%. Hope this helps.

Regards,

John

Melissa J. Doyle

6309 Baltimore Avenue

Suite 205

Riverdale, MD 20737

Phone: 301.277.6933

Fax: 301.277.6937

www.emkaytitle.net