All Forum Posts by: Sean Blomquist

Eric,

I can't speak for all HML's, but our process is as follows:

1. 3rd party appraiser to determine ARV

2. repair funds are released in draws, based on % of completion.  % released at closing to get you started (usually 25% of budget), then 25% draws at 33, 66, and 100% complete.  This could vary depending on the size of your rehab budget.  Larger budget = more draws with less % of completion.

Sean

please send me an email directly and I can give you some info about events around the metro. 

Thanks

Sean

@Selena Hager

Shoot me an email directly and I can get you some more info about our monthly meetings and classes we host.  I can also get you some more information about getting into rentals for little money out of pocket.

Sean

@Luke Nelson

Shoot me an email, and I can give you some more information on how to get into rental property for little money out of pocket.  

Sean

Scott,

That is most likely an overlay for that particular bank.  If you go with someone that is direct to Fannie Mae or is a portfolio lender, they should be able to refi you as soon as you get the repairs done.

Talk with @Kim Burke if you would like more info on financing out of hard money into long term financing.  She does it all the time for our clients.

Sean

Kyle,

Talk with @Travis Sperr.  He works with me, but does business in the Springs and would be able to give you a hand.  

Sean

January's meeting is one of my favorites and you won't want to miss.

Pine Financial is hosting our Real Estate Round Table. This meeting has produced more successful investors than anything we have done. Not only will you learn from the best you will get to know the best. We will have several power investors and power vendors participating in what can only be described as speed dating for the real estate investor. They will each host a table where you will move freely through the room visiting several tables where you will get a chance to listen to other ask questions or you can ask you own. This is the one meeting of the year you cannot miss.

*Please make sure to show up on time this month. You will only have a little time to order food, before we start rotating tables.*

We meet once a month to bring real estate investors together. The meeting is free and is based around networking. Have a property to sell, service to offer or just want to join the local real estate investor scene please join us at our next meeting. 

Welcome to BP Romeo.  Please let me know if there is anything I can help you with or questions I can answer.

Sean

@Alex jr Atta-Safoh

Welcome to BP.  Let me know if I can help you in any way or answer any questions.

Sean

@Jennifer Kate

Welcome to BP.  If you have any questions, please let me know how I can help.

Sean