Are there any Private money lenders here?
My wife and I fix-n-flip houses. We are usually looking for around $80,000 purchase price with about $10,000 in repairs and sell price of around $ 120,000.
We have done larger houses with more spread but they take longer to sell so we are going to start doing these types of houses and more of them.
I am trying to scale our business and start doing multiple deals a month or year.
Tesco Remodeling, LLC
How are you able to lend at 3%?
That is why I asked the question. Nobody is lending at these rates. I just wonder who falls for this. He should be DELETED from the group
I just saw this. I am deleting him now.
Guaranteed Approval Reginald Karney? How exactly do you guarantee approval? That would make you the first lender, if you are a lender, in the history of funding that guarantees approval. Please explain exactly how you can guarantee approval to an unemployed man with a 480 credit score, 6 tax liens, and is requesting 100% financing? Would you guarantee approval on that loan, because your advertisement above, and in other places on this website, says that you offer GUARANTEED APPROVAL.
I would also like to know how a "private investor" which is what you call yourself, can offer a loan at 5%, and would be willing to lend 100%?
I agree - I can't tell you how many loans that are processed and die during due diligence.
I and about every other loan broker and borrower would KILL for a lender who can guaranty a loan before seeing the docs, the property, the MSA, and so much more.
Hey ! If that's your thing, guaranteeing unseen loan scenarios God Bless You.
The 100% thing - we only see that for a very scant few property types in top MSAs for the strongest of the strong clients. I am in awe.
Do we think he is going to respond
I hope so - I have reams of files of old loans that died on the vine from days gone by. He can help tens of thousands as Monty described - I have quite a few of those clients with LOW FICO scores, titles that are in probate, etc.
Heck I have one fellow with no job, hasn't filed taxes in eons - actually said he had a note from the IRS stating he didn't have to pay because he was sick (male bovine excretion - even DEAD people pay taxes - estate taxes that is).
See if what you need is listed here: