All Forum Posts by: Sonya Hansell

Longhorn III Investments, LLC is a direct private lender offering short term acquisition and renovation capital to real estate investors for both residential and commercial assets. We operate in the greater Indianapolis, Indiana areas.

Highlights of our loan program include:

- Up to 70% of ARV (after repair value)

- Finance up to 100% of cost

- Close in 3 - 5 business days

- No income requirements

- Streamlined, simple approval process

- No pre-payment penalty

- No equity split - you keep all the profit

Longhorn was formed in 2008 and has funded over 1600 loans since inception. Our complimentary businesses include a title company and real estate law practice operating out of our corporate office. Our wealth of experience puts us in the unique position of being able to help investors through all aspects of each transaction.

Please call us today for a free and fast pre-approval. 317-599-2741

Longhorn III Investments, LLC is a direct private lender offering short term acquisition and renovation capital to real estate investors for both residential and commercial assets. We operate in the greater Indianapolis, Indiana areas.

Highlights of our loan program include:

- Up to 70% of ARV (after repair value)

- Finance up to 100% of cost

- Close in 3 - 5 business days

- No income requirements

- Streamlined, simple approval process

- No pre-payment penalty

- No equity split - you keep all the profit

Longhorn was formed in 2008 and has funded over 1600 loans since inception. Our complimentary businesses include a title company and real estate law practice operating out of our corporate office. Our wealth of experience puts us in the unique position of being able to help investors through all aspects of each transaction.

Please call us today for a free and fast pre-approval. 317-599-2741

Longhorn III Investments, LLC is a direct private lender offering short term acquisition and renovation capital to real estate investors for both residential and commercial assets. We operate in the greater Indianapolis, Indiana areas.

Highlights of our loan program include:

- Up to 70% of ARV (after repair value)

- Finance up to 100% of cost

- Close in 3 - 5 business days

- No income requirements

- Streamlined, simple approval process

- No pre-payment penalty

- No equity split - you keep all the profit

Longhorn was formed in 2008 and has funded over 1600 loans since inception. Our complimentary businesses include a title company and real estate law practice operating out of our corporate office. Our wealth of experience puts us in the unique position of being able to help investors through all aspects of each transaction.

Please call us today for a free and fast pre-approval. 317-599-2741

Hi @Brian Davis Did you find a software that would allow you to do the automatic offer submissions? I am looking for one that will do both HUD and agent listings.

Sonya

@Jynell Berkshire  Thank you for that advice.   I don't need one yet, but want to be ready for when I do.  I'll make an appointment with you in the next few weeks to discuss and get one drawn up.

@Kelly Crone  Wow - 4 or 5 years is a really long time for rehabbing.  I'll find out this evening what the extent of the rehab will be.   My plan is to move in on one side.

@Edward Rhoads Thanks all for the info.   I appreciate it.

@Edward Rhoads @Kelly Crone I am sure the reason that this property is retail is due to it being sold by an LLC. The price is not negotiable due to it being financed with only 2k down. The monthly pymt of $700 does not include taxes/ins. Something I did not mention is that I am currently renting an apt and would not have that expense (that is a savings of $1100 a month). So what are your thoughts, knowing this new info? One other stumble with this is that I do not currently have the funds for the rehab.

Looking for advice on a property that I will be looking at tomorrow.

Here are the details

Seller finance (but it is an LLC)

Duplex

80k

2k down

$700 mo payment

Low crime area

Comps 125k

Rents 1k

I will be living on one side.  It will require a complete rehab.  I do not have an estimate yet for the repairs.  Let's say 40k.

Here is another obstacle.  I do not have the funds right now for the rehab.

Advice or suggestions?

Thanks.

@Matthew Harrison  I have spoken to ResComm only one time, but will be talking to them again in the next couple of days.  They were recommended to me.

@Matthew Harrison Here are 2 lenders that were recommended to me. I have spoken to Rescomm Capital LLC. The other is Talmer Bank and Trust. (Have not spoken to them). Rescomm is very investor friendly. I know that they offer investor loans with rehab funds. Meredith is the one I spoke to. And if I remember correctly, they do loans for properties valued under 50k. IM me and I can give you the phone numbers.