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All Forum Posts by: Bob Green

Bob Green has started 363 posts and replied 1110 times.

Post: ACQUISITION & REHAB LINES OF CREDIT - FIX N FLIP - 10% DOWN 75ARV

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

Jemeil,

It's okay. We will work with you depending on credit score and liquidity. Ill send you a PM.

Post: BUY FORECLOSED HOMES,FIX N FLIP FOR PROFIT WE PROVIDE REHAB TEAM

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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

Post: ACQUISITION & REHAB LINES OF CREDIT - FIX N FLIP - 10% DOWN 75ARV

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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?

Bob Green

Post: 401k Loan for Down Payment

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

John,

I have seen this strategy used many times. My suggestion is to buy a foreclosed property, rehab, place tenant and then refinance cash out your down payment funds to either recycle into the next property using the same strategy or if you're only looking to acquire 1 property for now use the cash out proceeds to pay  401K back.

Post: ACQUISITION & REHAB LINES OF CREDIT - FIX N FLIP - 10% DOWN 75ARV

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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?

Post: BUY FORECLOSURES DIRECTLY FROM THE BANK

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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

Post: 30 yr fix loans for investment properties?

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

Hello Claudia,

Yes it is possible to get a 30 year fixed mortgage on a property titled in a LLC. Its portfolio loan program offered by several national portfolio lenders.

Post: Hard Money for Purchase Only?

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

Hello Tyler,

Most HMLs will want to see POF for the rehab portion if you want to pay for rehab on your own. Its not very likely they will accept business lines of credit as reserves either because its unsecured credit.

Post: BUY FORECLOSURES DIRECTLY FROM THE BANK

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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

Post: ACQUISITION & REHAB LINES OF CREDIT - FIX N FLIP - 10% DOWN

Bob GreenPosted
  • Lender
  • Mokena, IL
  • Posts 1,251
  • Votes 261

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?

Bob Green