Financing and Credit

We are still new to this and need a bit of advice and/or feedback from the DG Family. Has anyone used or know anything about the following Hard Money Lenders:

http://www.dohardmoney.com

http://www.brookviewfinancial.com

http://www.pbfinancialgrp.com

http://qualityconsolidatedservices.com

Any and all comments, suggestions,advice, and recommendations of any kind are welcome. We need a funding source and are trying to make the best decision for all concerned.

Thanks in advance. Looking forward to that first deal.

If you want to respond with a PM that is fine.

Thanks!!!

Best Wishes to ALL!!!

Hello all,

We are looking for a bank that will do cash out no-seasoned refinance loans based upon the value of the property.

You help would be extremely appreciated.

You can post your answers here or private message me.

Thank you for your time and help.

My buyer closed a deal today with me and used a truly awesome PM guy. It's no wonder these guys do 40 fix/flips a year! With my buyers permission I exchanged contact info with the lender.

I am looking for several deals that I can use this guys money on right away.(DGers, find me a property in the Denver area and get paid) In fact, I should be able to double the amount of fix/flips I am doing. This guy is a great addition to my team.

No appraisal needed on loans under $250,000.
No LTV or ARV loan ratios. This is unheard of! Loans on a deal by deal basis. Checks your numbers and says yes or no.

Here it is!
1% origination fee paid up front.
5.75% interest only, 12 month loan.

I am looking for a line of credit today, and called my bank. They however, only offer either a credit card or home equity line of credit which is mortgaged against your own home. Is there another way I can get a line of credit, or must I take one of these options? Tammy

Seriously, they told my realtor that they won't accept the Proof of Funds letter from Coastal Funding "Because it's flip-funding". I need another source for an ironclad PoF, or this deal is dead...

Can anyone help? It's not like I even need a huge amount! $53k is all!
REO 3/2, 1998 built modular in a quiet little sub-division in an area that is poised for growth. (seriously, there's a Wal-Mart getting built right now, just a few miles away)
The bank listed it 5 days ago, and I've been scrambling to try and get it locked up. But they don't like my money, apparently... (WTF.)

A home owner is having problems paying mort and is in the process of a short sale. Is there a way to take over the payments and home so I can turn around and rent it out.

Hi Guys,
Let me ask if anyone has a power point presentation they would like to share. A presentation that they have used to help the investor decide their product would be a good investment opportunity for them. I'm not a fantastic speaker, and I think it would help me as much as them.
In the end it's me I'm selling along with my product. I'm pretty sure what the content needs to say, yet I am Computer/ Power Point challenged. This is eating up a lot of time and I don't have much to show for it. I have checked with local schools to see if they have students in their programs interested in setting up a presentation, but have had little luck.

Are you ready for this DG family? You are about to be blown away with what I tell you. And, if you are in a situation where your home is considered underwater on Zillow, regardless if Zillow is right or wrong, you may also be able to do this to. AND, you do NOT HAVE TO BE BEHIND to do it. I was always current.

So, I've had this goal of eliminating my 2nd on my primary home since I began my journey. And, although I've been working hard and am turning around a company that was once so negative and had lost massive net worth due to the RE market turning around, I wasn't making a dent in this goal (some, but not much considering my balance). Until now.

On another thread, Matthew asked this question:

If you want to go for the one on one true private money with individuals, the key is to not mention real estate at all in the beginning.

You can start by saying something like 'Are you interested in learning how (you want to present it as teaching them how to do it, not trying to get them to invest for SEC reasons) to earn returns on your money, that has collateral backing it up that is worth at least 25% more than what an investor puts in?

If the answer is yes...

Hello all,

Well, I am excited to say that I am nearly on my way of hitting my 1-year anniversary with my first property (2-family which is currently being rented out to 2 individual tenants).

But now I am scavenging to get another property under my belt by doing it the conventional way... through the bank. I've saved up roughly 10K but do not want to throw all of my $ on it.

I am wondering if...

1. Can I get approved for another loan?
2. Is it possible to refinance with through this house for additional $ for the next house?
3. With the first house, I needed a FHA load, would this factor into getting the loan?

Or I am willing to hear any conventional other ideas. I was told for the second property, I would require an investment type down payment, is that also true?