All Forum Posts by: Melvin Estrict

no argument there...i am already working that end of the spectrum. however i don't want to deny myself a chance to make some money in the interim. the reason i put that out there the way i did is because i'm looking to partner with someone and "pay the cost" of not having the key elements (no money,credit) while i "do whatever it takes" to get in the fast lane. my best thought so far is to piggyback on a line of credit using property to secure while i rehab low price homes here in alabama initially. i am offering 2% over the cost of the line as well as 2 points on the draw for purchase and acquisition as well as 20% on the net sale. all the other components are there (knowledge,expereince,construction teams, retailers, marketing and financing through conventional,fha or notes) that is why i am grinding everyday, no is not an option and plan b is plan a...i'm sure you know all the cliches.

whats up my man and welcome! my name is melvin estrict and i am an alabama transplant from north nj myself! i attended Kean University an owned a mortgage brokerage up there in clifton nj. i have a pretty good working knowledge of the area and would be more than happy to assist you in anyway i can. i am new to the site myself...once again welcome

thank you, i have already begun to dive into this site by checking out the many topics that are being discussed. i appreciate the knowlegdeable advise being given by the members.

my name is melvin estrict and i live in alabama although i grew up on the east coast (go giants!) and i have been in the real estate finance business since 1995. i have owned a mortgage brokerage as well as a property management business. i have worked on wall street in sales as an investment consultant, but now i am here in alabama (by choice) but with no money. i am able to come across attractive deals, but often face huge obstacles when attempting to close with no dough! my goals are to become successful (extremely) in the real estate business but i am starting from zero armed only with knowledge and ambition while lacking money and credit. i represent the usual story of expensive divorce and loss of a business.
so now what?

i am truly delighted to be a part of a progressive, profit-focused network of individuals such as this one. the rules immediately let every participant know that the site is true to it's purpose of knowledge,networking and deal making.
i look forward to prospering in all of those areas here at this site, if i in anyway can be of assistance to any member regarding the sites purpose i will do so to the very best of my knowledge and experience...thank you for having me!

i spoke to this gentleman (Dave) about a week ago regarding funding for a project in NJ and since then he has fallen off the face of earth. The website is no longer accessible and the phone number seems to be to a corporate group that rents office space...strange!