All Forum Posts by: Marquell Jones

When getting a portfolio loan, do the banks loan you the money just for the down payment on the house? or do they loan you the money to buy the property? or do they give you the money for the property and the rehabs? 

What do people mean when they use the term ""points" ? 

I'm looking for someone to ****** me. I'm in Alabama and close to having an down payment and fair credit. Even if you know someone who is. 

yes I do agree with you that Alabama is a slow-growing market. But Birmingham is the biggest city in Alabama and not to mention the top grossing for Real Estate. Montgomery is second to that. The properties in Birmingham are great because the market is growing. Yes it is in Texas or LA or New York Market. If you think of it this way in Alabama there's less competition but there is a high number of properties in great locations. I just started real estate back in June and I see a lot of potential as a rookie. I take that back about Montgomery being second, how could I forget about Huntsville. 

what's up thyrone.  I just got into real Estate at the end of June.  Welcome. I myself am looking for a partner n mentor.  In the real estate GAME I've learned it's basically bout C.R.E.A.M.E. $$ and location. I'm new but very very determined to be retired by 35 with 50 rentals by then. I have work to do.  If fate has it we will link up. I'm in the Birmingham area and surrounding.  

When you are getting your first house and a loan for your mortgage are you getting a loan 4 the total cost of the house and money from the bank for rehab or is the money from the bank rolled into the mortgage loan? Help me understand. Basically what I'm asking is do you get two separate ones one for rehabbing and one to buy houses.

hi everyone.  I need to get a loan because wholesaling isn't working much for me in Alabama.  Looking to jump straight into flips and buy and holds. But I need a loan? HELP GUYS

message me if u interested in proposal 

@gilbert hold on the llc. I have an attorney that gives me advice. I'm looking for a partner for short term.   I'm trying to flip a few and then buy and holds, quickly.  I'm an independent contractor Courier, so I'm out in Alabama, mainly Birmingham,  driving everyday 12hrs a day. I can find you something.  Things on the Internet is for everyone but a lot houses being seen by drive by. 

Which loan program would be best for fix and flip? And which loan program would be best for buy and hold? And why?