All Forum Posts by: Matthew Giegerich

Scott- I made my expert opinion- no money or little down - look locally, I threw the others in because people want a second or third choice. Thats the way a specialist handles business, just like the 30 mill dollar deal closing tomoorrow that came to me because I am the hard money specialist!!

Mike-
Do you really think that what he is doing is fraud?!! I can't stand it. this case can be considered a 2nd home because of local family relative to the property and its not FRAUD. Lets keep it in perspective. the guys who buy property, with no intention of paying or use straw buyers and such are the crooks. It 's ridiculous to call every little thing - fraud.

Jon - is correct your best bet is going to be a local rei club. Local hard money is going to be your only shot to get it done with little to no money out of pocket. Good luck!
you might also try
investwell.com
hard-money-lenders.com
rehablist.com

Devil-
You can bite the bullet this time and I would congrat yourself in getting it done. Do what the lender tells you is acceptable and it does make sense at this time . Maybe some of us brokers and investors don't want to admit it but things are very tough in the investment market right now.

Hewitt-
I can relate, however what you are contemplating is no easy task. There are steps that need to be performed. You have to investigate the project, the cost to buy, tear down,haul off, clear and grade,design,build and zoning variances. I would suggest doing a lot more research before you jump into it. the basic allowance for a small commercial aqusition and development is at least 10k out of pocket for start up costs.

Ben-
I appreciate your info but generalities like the ones you describe don't fit the avg new investor. The diference between me and you is you have the book on alot of programs but when it comes down to actually closing on those guys- you fall short. Thats the reality

Not necessarily but seasoning is a key issue with any of the transactions.

I have sent you email for details

As of this morning it looks like you will be tying up your 50k for 1 year. you might try putting less down and borrowing more.currently there are 90% loans available on NOO. Paying cash and refiing out in less than 1 year is gone and it doesn't look like it's coming back anytime soon. I am in the streets everyday and have the same issues.

Can I post that I have my private investors foreclosure list .Don't want to violate.