All Forum Posts by: Sean Richway

@Francis E. Bromwell JR.  We area a direct lender and we are lending in DE down to $75K.  We have a no doc program up to 90% of purchase and 100% of rehab.  Feel free to reach out or apply through our website.

@Christian Reyes  We do this a lot with our borrowers where they utilize our no doc loan to acquire and rehab the property.  Once it is rehabbed they stabilize it with renters and refinance it through a bank or credit union.  Avoids the huge headache of going through the banks on the initial acquisition loan.  Due to the equity that is built in a lot of our investors are able to pull out negative equity as cash out as well.  Works really well if you structure the numbers correctly.

Great quick flip to get into that already has a reliable contractor and agent ready to move.

@Johnathan Boyle  This would be a deal that we could finance if the borrower was experienced.

All,

We have a brand new rehab project available that is off market. The property is a single family residence in Newark NJ. The property can be purchased for $217,000 and will need an interior renovation done here for $65,000. We have an experienced local GC lined up for any buyer to perform the renovations. The property will need the following:

-New kitchen (cabinets, appliances, and floors)

-New baths (toilets, tubs, tile, and vanities)

-Paint the interior

-Moldings done throughout the house

-New heating system

-Flooring throughout the home

-New doors

-New siding, roof, windows, and gutters

-Common meter, circuit boxes, and electrical and plumbing repairs

-New hot water tanks

Based on the renovations the property will resell for around $370,000. We have an experienced realtor in the area that grew up in this area to help any buyer sell the home once renovated. This home will generate over $85K gross profit depending on cash buyer or financing. The renovations will take about 45-60 days and the home can be flipped within 4-6 months. Property could be used as a rental property as well.

Text me at 443-528-9699 or email me at [email protected] if you are interested. Must be able to show POF's if paying cash or provide financing information if using a hard money lender. We have a preferred lender as well we can provide the borrower with upon request.

All,

We have a brand new rehab project available that is off market.  The property is a single family residence in Newark NJ.  The property can be purchased for $99,900 and will need an interior renovation done here for $37,000.  We have an experienced local GC lined up for any buyer to perform the renovations.  The property will need the following:

-New kitchen (cabinets, appliances, and floors)

-New baths (toilets, tubs, tile, and vanities)

-Paint the interior

-Moldings done throughout the house

-New heating system

-Flooring throughout the home

-New doors

Based on the renovations the property will resell for around $210,000.  We have an experienced realtor in the area that grew up in this area to help any buyer sell the home once renovated.  This home will generate over $75K gross profit depending on cash buyer or financing.  The renovations will take about 30-45 days and the home can be flipped within 4-6 months.  Property could be used as a rental property as well.

Text me at 443-528-9699 or email me at [email protected] if you are interested. Must be able to show POF's if paying cash or provide financing information if using a hard money lender. We have a preferred lender as well we can provide the borrower with upon request.

Looking for investors who want to take a secured investment at 70% of ARV or below regarding rehab projects we are lending on. Average ROI is 20% or more.

@Deron Taylor  We are a nationwide lender with the exception of NV, SD, ND, and VT.

Looking for Nationwide SFR 1-4 Unit REO List to purchase from. Direct individuals to the banks only, no daisy chains! We are looking to contract 10-20 properties per month.

Infinity Capital Finance is offering investors the opportunity to purchase a 2,650 square foot property in Clearwater FL. Purchase price is $585K and rehab is estimated at $70K. Only cosmetic repairs needed. Already have an ARV appraisal completed at $882K+. Closing date is September 8th. If you an experienced investor we can also provide financing for this deal through our no doc in house flip financing. Below is our financing offer for experienced investors:

• Total Loan of $573,300
• Purchase loan of $503,300 (86% of purchase)
• Rehab holdback of $70,000
• 10.99% interest
• 2.25 points
• 12 month term
• No PPP

Pictures, scope of work, comps, and profit calc are all included in the dropbox link below.

https://www.dropbox.com/sh/i7y2mwg3vh5gdk9/AACh9aB...