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    3 Replies Latest reply on Apr 19, 2009 5:25 PM by rgershenuk

    Financing with hard money or investors

    CashFlow77 Newbie
      We are real estate investors that purchase propertys at a discounted price, fix them and sell them for a profit, or have them rented out. Currently we are in the stage of financing the properties, looking for a hard money lender or investor that is interested in a partnership. If you have any questions or need more information please contact Mikail
        • Re: Financing with hard money or investors
          LUCKIEST Guide
          Financing, Welcome Mikail

          Tell me more. How long have you been real estate investors.

          Do you have a business plan that I can read??

          Talk to me, LUCKIEST
            • Re: Financing with hard money or investors
              CashFlow77 Newbie
              Hey Luckiest,
              Basically what we do is purchase REO homes, short slaes, auctions, and hardship homes. We find these homes through a very selective process we have developed with our team, which is based on the condition of the property,the status, price, age, size, and the availability of other homes in the area. We would then negotiate a price where we can buy up to 25-75% below market value. Afterward we would fix up the property with our professional contractors that we know and trust, going through the home repairing any and all problems, such as plumbing, electric, framing, bathrooms, landscape, and mainly the kitchen. Repairs on each home are anywhere from $5,000- $30,000. All of the bids for repairs and expenses are done before the property is even purchased.

              Depending on the property, we would sell the home at 0-15% below market. That way the loan is secured on the property and if the market falls a little it wouldn't hurt the sale because we are still selling under the market. In most cases we make anywhere from $8000 to $30,000. However it is not unheard of to make significantly more. It always depends on how much the buyer is willing to pay in that certain area.

              In most areas the market is down, however people are still buying homes because they need a place to live. In any case the home is always available to be put up for rent or lease. There are many different exit strategies.

              My partner and I work with individuals that have been doing this for several years and have been very profitable, however we are looking to get our own investors to work with us. If you would like to get in touch email me at mtmproperties@yahoo.com or call 208-315-4383. We are based in Boise, ID area.
            • Re: Financing with hard money or investors
              rgershenuk Newbie
              I have just seen your post and write in response to it to notify you of my interest in providing the fund needed for your business.

              Please contact me through either email on rgershen@london.com or telephone on +447035956480 if you have not gotten the funds yet so that we can discuss your business and the possibilities of providing the required funds.

              Yours truly,
              Roland Gershen