All Forum Posts by: Gerard Charles

@James Mason

Suppose you sell it after 10 years , do you still have to pay capital gain it ? Above 250k (single) and 500k (married couple)?

@Darius Ogloza what’s 2 out of 5 years . I understand if you live 2 years you get to be waived from paying taxes at a certain amount . But 5 means what ?

@Zackary Martin , would have been nice to offer the tenant the place you are currently living , you move to theirs, rehab it while you living in , and get out after a year and raised the rent.

@Brandon Sturgill not in Texas.

Thank you! I was excited for nothing. Why is her name in the BiggerPockets and trying to exploit people .

Hello! I had posted my post last Fall about Financial advise.  I got a colleague request from Sandra Warren. I accepted  and she does loans referrals.  She referred me to a Michael Adamez (loan office).  At first I ignored his application until a few months later when I saved enough.

I applied last December but the email was returned. I emailed Sandra to see what was up? and she said Michael's email was hacked so he has to changed to a different account. 

I submitted my application with my ssn and asked me for documents. 

I am concern about the 20% down payment , I know that hard money lenders are faster than traditional mortgage lenders but what concerns is being persistent with having to sign the letter and align with my down payment.

I got an approval letter with 220K  at 3 % interest with 6 months of $330.79  (during construction) and $971.39 for 360 months with 15 % down payment. 

Hello Gerard, I just got back from the bank, I had to setup an account using your details, once the agreement is signed and sent back, both the loan and down payment will be deposited into the account, below is the bank login information, you can signing to see for yourself, all i need at this point is the signed copy of the loan agreement.

• Bank Name:
• Bank Website: http://portal.bnpparibasdirect.com/
• BNP PARIBAS Bank On-Line ID: 80541169
• Password: newloan0912

That is the bank details, i hope we can still do this deal?

Thanks and Regards.

I emailed Sandra Warren and she said that he isn't a scam to give him a chance. 

I am comfortable with federal but private loans???? asking for down payment???

Do you know anyone that will do?  The ones I have gotten was they want to get money for different stages of the construction process.  

Hello!  I have a question regarding construction to permanent loan.   I have a four-plex lot  already paid off. I am into getting one since it one time closing cost. I  was recently told it has to be a single family house. 

I wonder if there's any  investment construction to permanent loan to build 4 units in one lot in Texas? 

I have been approved by Wells Fargo to refinance. They don't offer construction to permanent loan.

Anyone familiar with banks in Texas?