All Forum Posts by: Renee Ren
Renee Ren has started 17 posts and replied 64 times.
Post: Looking for investor friendly agents in California OC area

- Real Estate Agent
- Irvine, CA
- Posts 68
- Votes 54
Post: Looking for More Marketing Ideas for Wholesaling.

- Real Estate Agent
- Irvine, CA
- Posts 68
- Votes 54
If you want to go for probate, connect with probate attorneys is a good way. Driving to court and looking for probate leads are time consuming. I did once and don't want to waste my time on it not mention $15 parking fee.
Door hanger is a great idea. Thanks Adrien.
Post: 1st flip with HML - 70% ARV in CA?

- Real Estate Agent
- Irvine, CA
- Posts 68
- Votes 54
HM lender usually funds 80% of purchase price plus all rehab cost and 65% of ARV. It may go up to 70% of ARV depends on the spread you have. Some lender will go visit the property before they release the fund. You need to file an application to them. Some lender will ask for your resume especially how many flips you've done in the past 6 months or a year. If you are new, they may charge you higher interest rate and points. If you are working with an experienced partner, you may bring him/her up to show you have the experience.
We are currently working with Trillion Capital. We are getting 10.5% interest rate plus 2.5 points but it may vary depends on your deal. Most HM lenders charge 10-11% interest rate plus 2-3 points upfront. They are eager to work with investors. You'll find their contact details online. Phone number can not be posted here.
Post: Orange County Meetup - February

- Real Estate Agent
- Irvine, CA
- Posts 68
- Votes 54
Hi Clint,
I'm interested in OC meetup. Do you have any event coming this month? If you do, can you email me at [email protected]. Thank you very much.