All Forum Posts by: John Rubino

My name is John Rubino and I am the Founder and Co-Managing Director of JID Investments, LLC (JIDI). JIDI is a private funding business that primarily funds short-term projects, mostly real estate. We research requests from borrowers (we refer to them as Partners), most of whom are looking to buy, renovate, and flip properties. We have funded five projects, for a total of $1,300,000, in the past six months and anticipate funding approximately 4-6 projects starting as early as Feb 1st. If Partners agree to our terms and the opportunities meet both business models, we will offer 100% funding on the purchase and renovation expenses (we will not fund more than 70% ARV and 80% ARV must be greater than or equal to our investment plus fee). Unlike a Hard Money Lender there are no monthly payments as all our original investments and fees will be collected at the closing.

Our basic terms are a 20% fee on the investment for a 6 month term and 30% on a 9 month term. Collateral on a fully funded project includes a personal guarantee, 3.5% additional interest for each partial/full month over the term, and 1st lien position (12 month period from transfer of funds and closing date). We also require (on the first deal only) either 4 Points (taken off the investment....NOT A PAYMENT TO US) or an unencumbered asset as additional collateral. We are also interested in joint ventures and equity partnerships if the terms make sense for both parties.

We are only interested in working with companies and investors who desire a win-win situation on all projects and are looking for a long-term partner. We always strive for both parties to be treated fairly when it comes to a deal. We are also very transparent and straight forward.

As we move into 2014 we are looking for opportunities to fund businesses and investors in the Richmond area as we have heard some great news about the real estate market there. We will also continue to look for opportunities as far north as NJ and as far south as Florida (east coast only please). If you are in these areas and are looking for a serious funding partner to provide the capital for your projects than contact me at your convenience for a copy of our funding parameter document and to see if we can build a successful business relationship moving forward.

Regards,

John A. Rubino

Founder & Co-Managing Director

JID Investments, LLC.

361-443-7054

Facebook: “JID Investments, LLC”

Has anyone signed up or currently using the BP Foreclosures Listing Service (under the Marketplace Tab)? Is it beneficial in finding good foreclosure listings? Any success stories in finding a property, purchasing, and flipping or buy and hold? How much is the regular service cost (couldn't find it on the copyright)?

Thanks.

I can pass you his info after you respond.

Andrew.....if you still need a good CPA let me know. My business partner and company CFO owns two of his own CPA businesses in Hilton Head, SC. He's done my taxes along wit several colleagues, family, friends and other clients. I am active duty Navy and was stationed overseas in Naples Italy for 3 years. He did our taxes then and we've been with him for over 5 years now and think he's very affordable and great at what he does. Let me know.

John Rubino

Robert,

Several options here for you.

1) Bank Financing: Low interest rates and fees but require lots of documentation. Some banks shy away from investor. loans but there are many that back the investors that bring them solid business plans/proposals. Some things to be careful of are prepayment penalities and fees. Banks will also require money down usually 20%. Closing is usually a 30 day process which is not always the best for investors.

2) Hard money lender: Higher interest rates and fees with moderate to little documentation. HMLs will also have you make monthly payments. HMLs dictate the terms. Cash is available quicker and closings are usually 10-15 days or sooner. Usually (like mentioned above) you will have to put up points or pay the higher fee up front.

3) Private funding: Higher fees (usually no interest rate) with little to no documentation. PF has no monthly payments (fee is paid at closing). Terms vary and are negotiated between both parties. Cash is available quicker and closings are usually 10-15 days or sooner. Points vary and may be deducted from the loan amount (thats how our business does it). Collateral is also high. If the project is fully funded (purchase and rehab) then the PF investor would have 1st lien. PF also charges penalty points for partial or full months over the term date along with requiring perosnal guarantees. They may also ask for a unencumbered asset as collateral as well. These items may also be part of an HMLs collateral package. The best part of PFs is the money is not fiancned so no monthly payments.

4) Seller fianancing: Moderate fees with moderate interets rates. Monthly payment to a creditor and the seller. Terms are negotiated but usually are identified by the seller.

Hope this helps and feels free to contact me if you are interested in Private Funding. My company offers the PF option.

Regards,

John Rubino

Adrian....next meeting is scheduled for 16 Dec. Roger Lin sent out an invite....send him an email or message to get on the distro for the EVITE.

Amir,

I have a contractor in Alexandria who might be interested if you are wholesaling. Send me the info.

Hello BP Nation,

JID Investments, LLC. has been doing outstanding over the last 2 months. We currently have 2 projects on the market in Maryland with 2 additional projects starting in Washington, DC. Our total invested capital on these four projects is $1,6000,000. Our anticipated average ROI on these projects is 30% annualized. We are interested in those looking to invest in our projects along with businesses and investors looking for capital for their projects. If you are interested I receiving more information on JID, contact me on BP.

*Only serious investors and businesses please*

*Only interested in the VA, MD, DC, GA, and SC/NC markets*

*Terms are 20% on 6 month projects and 30% on 9 month projects*

*Financing available up to 70% ARV for purchase and rehab*

*Investment and return must be less than 80% of the ARV*

*Minimum investment is $90,000*

*Collateral includes: Personal Guarantee, First position on the lien, 3% for each partial or full month over term, 4 points or non-encumbered asset (on first deal only....4 points reimbursed if project completes with payment inside of 41/2 or 71/2 months, pending term)

Hey everybody....all this talk about crystal balls is getting me nervous. I agree that things could shift a bit especially if rates jump. People just need to realize that rates are at an all time low and the only place they can go is up.....I believe staying liquid is key. Having too much on the street got a lot of people in trouble a few year's back. Hopefully we all learned a big lesson from that. I believe the rental market will continue to see a nice jump in growth. Flips and rehabs are still out there as well just harder to find as more investors come into the market. My goal is to continue to lend to businesses that have a great track record and sound business approach when going out to acquire, fix, and flip their projects. The 6-9 month deals are still available...you just got to keep a better eye out for them. Wish you all the best of luck and as long as BP is still around we'll all have a great place to share our stories.

Amir,

My business does the same thing in the DMV area along with GA. If you ever need more capital on any of your deals let me know and I can share our parameters with you or your investors. We offer commissions as well for capital or projects you bring our way.

Regards,

John