All Forum Posts by: Luis Montanez

has any one done business or taken a hard money loan with 

Lee Williams

Axe Real Estate, LLC

2950 S Jamaica Ct Ste 302

Denver, Co 80014?

If yes, good or bad overall experience?

@Simmy Ahluwalia

Residential zoning grandfathered. Meaning 

tha if the house burns down a commercial property will have to be built instead of a residential.

@Dorothea Andersonwelcome to BP let's get a flip in Cobb County before end of year ;)

excellent investment property, no repairs needed, new roof about 4 months ago. 

Great Investment property,  zoned commercial.  Had the same tenant for the past 2 years at $950.  No repairs needed.  Lease ends May 2016. Potential rent increase to $1,100

we do flooring in the Atlanta metro area, free online quots. Google "concrete design and repair"

Hello BP family,

Questions up front. Is this a good idea? Are there REI actually doing this? anything else to include in the contract to ensure I get my money back?

Story:

I been out of REI this year since i believed housing was getting expensive and dicided to make money with new home improvement company I created to service homeowners and businesses. We did good this year but this type of business gets slow during winter.

Idea: I was thinking of reaching out to homeowners that are currently in the market to sell (FSBO or MLS) and are selling within big discount because needed home improvement and they dont have the money to repair so they could bring the home to its full market value.

propositions : i can offer to do the full renovation (with the help of my appraiser) with my own money and will draft a contract with homeowners to get paid when the home sales. My payment will be the difference between the currently home sell price and the actual sell price after renovation.  

To protect my self i will place a contractor lein on the house to ensure i get paid at the time of sale. Ensure ensure i put language in the contract that i will have a say on the sale price, estan establish a service cost in case they brake the contract and establish a purchase price in case  we dicided to buy it if it doesn't sale.

Happy Sunday BP, 

I possibly need a septic tank pumped at one of my rentals at Austell, GA (Cobb County) and have two quotes one for $149 and another from $350 to $400.

Could any fellow land lord help me figure out an average price for this service and if possible, PM or provide a recommendation? The house is 3 BR 1.5BA. 

The second quote person told me that at $149 it was a scam and that i should watch out. Obviously, he may be looking out for his own interests.

Thanks for the help in advance

Hello Fellow investor,

I am brainstorming and have called all my local institutions, read all the junk provided by gurus, but other than private or hard money, could anyone please recommend or PM any big bank that lends under the following or similar terms?

*75% LTV (based on market value) Not LTC since I have not had the properties for more than 1 year. (one I have had for 11 mo the other only 4 mo)

*Estimated Market Value of both properties around $200k seeking $135K to $145k

*Both properties rented producing over $1.9k per month

*Seeking at a minimum, 25 year amortization with 10 year balloon payment.

*Properties held in an LLC and not reported on personal credit.

*both properties located in Georgia.

*I have 750+credit score and $100K+ regular salary

Thanks in advance for reading this post any any recommendations or suggestions

Hello Fellow investor,

I am brainstorming and have called all my local institutions, read all the junk provided by gurus, but other than private or hard money, could anyone please recommend or PM any big bank that lends under the following or similar terms?

*75% LTV (based on market value) Not LTC since I have not had the properties for more than 1 year. (one I have had for 11 mo the other only 4 mo)

*Estimated Market Value of both properties around $200k seeking $135K to $145k

*Both properties rented producing over $1.9k per month

*Seeking at a minimum, 25 year amortization with 10 year balloon payment.

*Properties held in an LLC and not reported on personal credit.

*both properties located in Georgia.

*I have 750+credit score and $100K+ regular salary

Thanks in advance for reading this post any any recommendations or suggestions