All Forum Posts by: Bob Green

Hello Sanjay,

Conventional lenders are not able to lend to LLC - only individuals. You need a commercial loan. Call a local community bank, credit union or national portfolio lender.

Hello Jorge,

Most banks shy away from lending to out of state investors. What you need is a national portfolio lender/credit union. Look under lenders on this site.

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

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?

Mark,

Email me a rent roll please.

Thanks Joseph. I will send a PM.

Attention - Chicagoland - Wholesalers. 

I am actively acquiring distressed single family and multi unit properties in South Holland, Hazel Crest, Markham, Homewood, Country Club Hills, Joliet and most of the areas surrounding these areas.

Please get in contact with me ASAP.

If I understand the income after expenses is estimated to be $38071 annual, $3166 monthly.  This breaks down to $527 per door.  My target is typically $500 per door.  This looks like a very good opportunity.

@JAmes Marshall, I was going to suggest the same thing. @Faisal Khan try a credit union or local community bank. I have a heloc on property owned free and clear through a local community bank in the suburbs of Chicago.

What state is the land located? Do you live in the same state?