PRIVATE MONEY NEEDED

70% LOAN TO VALUE

REAL ESTATE SECURED

SHORT TERM

CALL NOW!

(800) 613-8045

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.

Polo,

My recommendation is ask.  Tell eveyone what you do and your need for money and how much you are willing to pay.  Talk with family, friends, investors, members of your church, everyone you come in contact with.  You should also put together a Private Lender Program creditability kit as well, that explains your program that you can give them to read and you may also have an audio CD you can give them as another option of getting the message to them. 

Hope this helps you.  Call me if you need some help with this.

Tim

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!

Hi Rocky,

I partnered with Kathy on several SFR deals over the last 18 months. I would have no hesitation whatsoever about working with her again at any time in the future.

She is unusual in that she understands marketing, lending, rehabs, buy-n-hold, property mgt., etc. It was my experieince that if Kathy said she could do soemthing, she could do it.

If you have specific questions about her that I can answer, please feel free to contact me directly (Greg Wilson - 817.902.3366).

-Greg