All Forum Posts by: Audrey C.

Thanks Bryan and Keith.  I will try the contacts you mentioned.  Keith, are you a hard money lender?

Hello Brian:

I heard that builders have a lot of projects these days.  So, if you know of anyone who can build in east Austin, go ahead and share please.

Hi Bryan

Thanks for your in-depth answers.  I believe it is 14/3.  But here is the deal... the owner is helping me out with my very first home building deal, like locating the builders, etc.  This kind of "hand holding" is very beneficial to someone like me.  It is somewhat a partnership and win-win for all.

I will also look into a home equity loan.  I probably will end up doing a combo of hard money and the equity loan, to maximize profits.

HI Bryan:

Yes, I also am one of their investors lending money to them for their borrowers, so they do have their "collateral" already.

To my very knowledgeable peers out there... My  just got accepted on an empty lot and now I need to find some financing. I have checked out a private money lending company like Stallion Funding.  They will fund the project 100%, no issues.  The owner even suggested that I try conventional loans first, as it has a lower interest rate. 

The land cost is $100K and I was told that the building cost will be from $150 - $200K, depending on the size and materials used.  This means I do need to borrow at least $300K and then some?  Please advise which is the best route to partake, using hard money as a last resort.  Or, could it be a combination of both?  The option period ends 3/30th and I need to fund by 4/9th.  Thanks in advance for your help!!

Thanks everyone!  I will do so and good night!!

Hello,

I need to know how I can go on the county records to find out if a) the property is foreclosed and b) who owns the note or mortgage currently?  Is there a different route to take for cases like these, or do I just do a search for the property via the physical address?

I know the owner's or LLC name comes up during a property search but what about if the property is foreclosed upon? Will I be able to go about finding info using the same route?

Please help and thank you in advance.  (These are Florida addresses)

Hello all, I bought two performing notes and the owners are paying their mortgages monthly. However, I have not received their homeowner's policy, stating a transfer of loss payee to my LLC. How do I go about making this happen, despite requesting this twice already?

Thanks for any help rendered.

Hello, could someone refer an experienced attorney in Austin, TX who is not $475/hour?  There was one here that charges this much and is this rate the norm?  Experienced in notes investing and hard money loans, will be awesome.

[email protected] is my spouse's address and you can use his.  I will email you the lead's name.  Use subject "lead investor." 

Thanks.