All Forum Posts by: Bob Green

Hello All,

As many of you are aware, we provide acquisition and rehab lines of credit on 1-4 unit properties and 5+ multi units based on 5X your liquidity including 70% of retirement accounts. The line is revolving and can be used over and over again as you pay it down or off. For example, $100,000(cash in bank) X 5 = $500,000 line of credit.

Your credentials and location of properties determine lending structure and rates:

• Rates down to 7% interest only
• Down payment as low as 10%
• Fund up to 95% of construction budget
• Lend up to 75% of after repair value

Please answer the questions below so I can determine what your interest rate will be!

1. Current credit score?

2. How many fix n flip transactions have you completed over the past 2 years?

3. How many rental properties do you currently own? How many have you purchased over the past 2 years?

4. What location(s) are you acquiring properties to either fix n flip or buy/hold.

5. How much cash on hand do you have in the bank?

6. Do you have a home equity line of credit? If so, what is available balance?

7. Value of retirement accounts including 401K, IRA, Stcoks, Mutual Funds, Money Market, Bonds, Cash from Insurance policy, etcs. Please be specific as to the value of each investment type.

8. Any bankruptcies, short sales or foreclosure? If so, how long ago.

9. How many properties do you have under rehab currently? Purchase price? Rehab costs? "As is" value? After repair value?

10. Real estate goals over the next 12 months?

11. Are you open to fix n flip opportunities where we provide the foreclosed property, rehab team, attorney, etc., and you have the potential to profit $20,000 - $30,000 per property?

Looking to Invest in Real Estate? Want to profit from fix n flip properties but don't have the time or resources to do so? Please read below.

Hello All,

Many of you are already a client or I have communicated extensively with you in regards to real estate finance and investing. You know that I am a seasoned real estate investor and lender and enjoy sharing my vast knowledge.

That said, I have a great opportunity for you.

I am the lender for the largest foreclosure broker in Illinois. They are contracted by HUD and various other lending institutions to sell their distressed real estate. They take the guesswork out of real estate investing, and known for their ability to identify undervalued real estate and provide their investor clients with an investing System (bankers, lawyers, rehab team' and real estate brokers) to find, buy, remodel and then sell or rent investment properties.

• 20 years of experience
• Sold 1400 distressed properties to a group of 150 investors last year and on pace to close 1500 this year
• Proven investing system
• Access to experienced investor rehab teams
• Help add to your bottom line by selling the property for only 3% total commission
• Relationship based, no hidden fees

Step 1: Reach out to me to be pre-approved for a acquisition and rehab line of credit based on 5X liquidity and 65% of retirement accounts. I will ask a series of questions in regards to your credit, experience and liquidity. Based on your answers will advise a lending strategy best fit for your situation.

Step 2: Schedule a time for conference call with the real estate investment firm to review program and process.

Step 3: Real estate investment firm will send you properties to review, which will include acquisition price, estimated rehab costs, after repair value, and comparable's.

Step 4: Accept property and fill out the required paperwork to be approved for rehab loan.

Step 5: Close on property and let rehab team remodel home

Step 5: Sell property for profit - goal is $20,000 - $30,000 average net profit

Step 6: REPEAT PROCESS

Nolan,

You can 100% get a 30 year fixed mortgage held in a LLC that will not show up on your credit.

Michael,

It is absolutely possible to get a loan with no W2 income. These are asset based loans. The qualifying criteria for a turn-key property is credit, cash flow and liquidity.. If you need a rehab loan the qualifying criteria is credit, experience and liquidity. If a new investor only credit and liquidity.

It would depend on the type of financing. Conventional is 6 months. If you go to a local community bank or commercial lender there may be no seasoning to 3 months. Is this for a primary or investment property?

OK it sounds turn-key. I don't think you need a hard money lender.

Hello Dorian,

What is the estimated rehab costs and ARV? Depending on the loan size you may be better off trying a local community bank.

Hello Gabriel,

Does the property require rehab or is it turn-key. Depending on the loan size your best bet may be a local community bank.

Sergio,

If you do not have a LLC, you can still combine your and dads credit, experience and liquidity to be approved.

Charles,

I would try a local ma and pa bank. The loan amount is to low for HMLs.