Heard about you from a fellow investor on the Real Estate Finance site, so thought I would contact you regarding two separate credit opportunities.

This was originally posted by me to assist some tenants that wanted to exercise options and purchase their homes.

In retrospect, there are two business opportunities:

1. I have been an investor in Central Florida since 2007
   1. This is accomplished through an “S” Corp that purchases homes between 50K and 150K, rehabs them using my contractors, and then either hold long term as a rental, lease/option or retail the property
   2. I also own a real estate brokerage and employ Realtors who find me properties that are undervalued and need work

                                          i.    I purchase through them

                                        ii.    Depending on the property, we retail it, or put a lease/option tenant into the home to help them become homeowners

1. We also have an LLC that landlords our own properties and provides property management to other investors.
2. Being an Engineer by trade before retiring early, I currently manage my own rehabs through my list of contractors developed over time.
   1. I have been doing “serial investing” on these rehabs by funding them out of my pocket or through Hard Money Loans.

                                          i.    I currently have a rehab underway that has dragged on because of an expanded scope of work that was unforeseen because the property was a “Hoarder House” and we could not fully determine the amount of damage until we removed 5 ea. 20 yard dumpsters full of stuff.

1. The existing HML was used to purchase & rehab ($10,000 & $27,500 respectively) but the extent of damage and time consumed has me at the end of the timeline on the loan
2. The refinance is for this 2,100 sq ft, 2 story 4/3 on a ½ acre lot, and what I am seeking is a 6 month HML in the amount of $ 57,500. $ 37,500 to pay off existing, and an additional $ 20,000 to complete the upscale rehab that is already well underway. (I can forward a detailed synopsis)

So… for myself, I want to get away from self-funding deals and expand my business by establishing a Business Line of Credit for

$ 75,000 that I can use to grow the business without having to deal with predatory hard money lenders.

• I own houses and vehicles outright
• My credit score is in the 750’s with Experian
• My personal income is rents (over 3K) and social security (over 2K) monthly.
• We are a successful real estate brokerage with an income stream
• I am an experienced investor and generate capital through real estate that is reinvested
• As funds grow, they are used to expand our very specific “buy & hold” portfolio as a landlord.

For the business, I am looking for a Company to establish a long term relationship with that can do the occasional “low hanging fruit” type of deal, and also to be there long term with a Line of Credit I can use to acquire, rehab, sell, and repay as our business grows.

Thank you,

John Rogers