All Forum Posts by: Nick Monge

@Anthony Dadlani, do you lend in all states? Thank you!

@mike 

@Mike Mendkoff, do you lend in all states?

@Bryan Miles Me too. I'll message you.

I figured it was that simple. I just never done it before. I appreciate the input and reassurance. 

Hey BP!

I own one quad, and two SF at the moment.. I also have two under contract. I have a firm grasp on buying properties on my own but recently I've met with a potential partner.. He has a 400k HELOC ready to use..

Question: What is the best way to structure this?? Do we just form an LLC and fill out in the operation agreement that it will be a 50/50 partnership?

We will be strictly using his HELOC to do flips. We agreed to use his funds while I use my team (already local) to manage the rehabs and the re-selling of the properties we purchase..

If you're experienced in this area, please give me some solid advice on how to go about this, I want to move now!!

Thanks in advance!!!

Michael Cowley!! He inspected my quad out there.. I'll be using his services again in the near future.

Who won the bid on crestview? I submitted an offer at 185 and never heard back lol...

Based on the numbers you provided, if all was confirmed it seems like a great deal.. I'd take that return any day. Good luck @Summer Pepitone!

@James Gates

This is amazing, congratulations!! I'll be shooting you a message.. We have a lot in common.

As of right now, they're paying $4000 towards closing.. My lender just told me the max concessions they can accept from the sell is 3% or $5,055.. So I'll definitely need to ask for more in closing costs.