Dallas-Fort Worth Real Estate Investor Club

PRIVATE MONEY NEEDED !!!!

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  • 06 Jun 2009 2:09 AM
    Reply # 183033 on 127583
    Deleted user
    Cindy Carriger wrote:
    Kathy Gray wrote:
    Fellow Investors,
    Being an investor and also a mortgage originator by trade for 20 plus years, I have been actively searching for a product to keep us all in the business of purchasing SFR at discounted prices.  I now have the product that bridges the financing between Hard Money and Conventional Financing and eliminates the 4-10 property limit.
    For buy and hold investors - No Limit to number of properties:
    30 Year Fixed Rate Loan - 85% of Appraised Value
    Full doc - 620 FICO - 55% debt to income ratio - 6 months reserve -
    1-2 units only
    In some cases you can actually receive money back at closing.
    Here is an example:
    Purchase Price - $98,000
    Appraised Value - $150,000
    Cosmetic Repairs - $10,000
    Loan Amount - $127,500
    Est. Total Loan Cost - $11,475
    Est. Cash at Closing - $18,000
    This is great for a cosmetic rehab as the loan is based on current appraised value, not purchase price.
    I also have products available for 3-4 units, the self-employed investor and even a 75% refi for investor with equity in their properties.
    This is Private Money Mortgage Financing.
    For consideration, application or just more information please contact me directly.
    Kathy Gray
    FCCI
    817-228-4415


    Kathy-

    I found this very interesting, and know it would be of interest to other investors- so i copied it to a word doc, and will put it out on the FWREIO table tonight (Mar 12, 09)- hope you get some calls.  We might also want to talk to you- you can give Robin or me a call any time.  Our office number is 817-581-7520.  Blessings to all!


    Would this product be nationwide? Woulyou be so kind too email the matrix's. Thank you!
  • 15 Jul 2009 4:52 PM
    Reply # 195864 on 183031
    Deleted user
    Jarett Thompson wrote:
    ANTHONY "POLO" POLONIO wrote:IN WHAT WAYS WOULD YOU GO ABOUT GETTING THOSE FOLKS WITH PRIVATE $$$$ TO CALL YOU THAT WILL LOAN YOU MONEY TO FUND YOUR DEAL?

    I WOULD OFFER A 10-12% RETURN FOR 180 DAYS.


    Greetings;

    What kind of deal are you trying to finance? I my have some people that I can refer you too.


    I am a 14 year veteran investors with 16 buy and hold properties... I am looking for an investor to partner with to take advantage of the current market and then cash out in 2  to 5 years .. either rehabbing or buying and holding..

    Know anyone?

    Mike Evans

  • 20 Jul 2009 6:49 AM
    Reply # 197360 on 84396
    Thank you everyone for your words of wisdom!!! Thank you, thank you, thank you! POLO
  • 20 Jul 2009 6:56 AM
    Reply # 197361 on 84396
    Mike,


    For single family houses and/or multifamily units in and around South West (Tarrant) Fort Worth areas.
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