All Forum Posts by: Quinton Oake

I'm in the same boat as Corby, I pay GC 50% with no issues. However, in the contract with a new contractor, I would specify reductions in writing if they can't meet their deadlines. i.e.: they state 2 weeks. anything longer and the remaining 50% to be lowered by a percentage or dollar amount each day over those 14 days. You use that at your discretion. So if for example, the GC hired a painter and it rained for 2 weeks, I wouldn't reduce the amount because no sub-contractor could have done it. Hope that makes sense.

Do you have internal pics and or the ability for me to send my contractor?

Feel free to reach out on this. I would like an opportunity to see what I can do.

Best rates and terms on HELOC??? Go....

I personally love punch lists and the flexibility to get materials myself but also get materials quoted just in case. I do ask for prior work. But piggybacking off of Doug, good work, on time and delivering what you say while being a good honest person will get you more work then you can handle so be careful not to spread yourself too thin.  I am also going to connect if you don't mind.

Hope that you were able to get something done on these. My 9-5 is commercial lending and directly lend out capital on investment properties large and small. I invest and work in Tampa Bay area. Please feel free to reach out with any questions on any financing. I am looking to be that team member for those looking to take financing off their plates. 

We all know rates and terms are fluctuating lately but currently can offer up to 75% on a refi cash out or 80% on straight refi's. Reach out to me so I can work on getting to know your project, expectations and business strategies. 

Have you had any luck? 

My 9-5 is commercial lending and we change our terms based on risk in the markets. Currently we do offer up to 85% for rehabs or 80% for purchases and refi's based on experience. Feel free to connect and I can work up scenarios for you if you are interested.

 We have been doing a large amount of blanket portfolio loans lately. Mostly for cashing out but a few purchases too. Let me know if I can help. I would like to understand your business a little more and what your strategies are. I am going to DM you also.

 Let me know! Do you have an entity? Reach out with details on the project. I can get you a term sheet today.