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Need BIG Players! $6M loan at 50% LTV

Date: 12/03/2007 / Category: Finance and Credit , Current Grade B

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I'm looking for big players with their own capital. I'm getting more and more high end deals that are requiring deep pockets. I'm running out of investors with these types of funds. If you're a player, please contact me. Here's a deal I just got this morning.

300+ acres of raw land on Oahu, Hawaii
Current Loan $4.2M
New Loan requested $8.45M (but will settle for less)
Currently in NOD (has 10 days to close)
Appraisal from Nov 2006 $13M

I have a guy needing a hard money loan, but I think I can acquire this for a... continue reading >>

Private Money Lender Needed!

Date: 12/02/2007 / Category: Finance and Credit , Current Grade A-

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This is the deal:

1.7 Acres on Las Vegas Blvd, Las Vegas, NV
Current loan $5.5M
New Loan Requested $6M
Value $15.9 per appraisal (done Feb 2006) *keep in mind, this is on Las Vegas Blvd*
I need a $6M loan to payoff an existing 1st mtg of $5.5M, plus closing costs & fee's and the remaining can be cash out. I'm looking for an investor/private lender that is willing to do either of my two scenarios:

A) payoff existing 1st mtg of $5.5M + fee's and little cash and have NO payments for 4 years, but... continue reading >>

Cash Flow 4-Plex 100% Rented!

Date: 11/22/2007 / Category: Big Deals , Current Grade B+

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2142 Sunrise, San Bernardino, Ca

That's right, the lenders APPROVED the Short Sale with over $200,000+ discount! This is a cash flow'n 4-plex in So Cal! Hurry, must act fast, experienced investors that know the "1% rule" will gobble this up!

Multi Unit 4 Plex:
All units are 3 bed / 2 bath with 984 sqft each
Rental income: Unit 1: $1050, 2: $1050, 3: $800, 4: $1050 (total $3950)
Property Management Fee: $250 a month, awesome diligent landlord!
Utilities paid by owner: average $750 a month.
All Units Are Rented!
Year Built 1965
Floors 1
Lot Size... continue reading >>

Hard $ Hero

Date: 11/11/2007 / Category: Finance and Credit , Current Grade A

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I've now built several great relationships with some hard/private money lenders. Some of them are direct sources, that use their own finances to fund these hard money deals. If you are looking for financing in the Las Vegas area, I have a friend that can close escrow and fund your hard money deal within 4 hours. Yes, that means if you call me in the early morning, and we have enough time to complete our DD on the property, there's a good chance we can fund by noon! However, if you're looking for that type of service, we expect... continue reading >>

Mid West Cash Flowing?

Date: 11/07/2007 / Category: none , Current Grade B

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When my partners and I first starting looking into the Indy area for long term cash flowing deals it all penciled out! We couldn't wait to buy our 10 SFR's each to get some passive income for funny money! Well after our first 3 deals, we had some learning experiences just like any investor does... LOL We had the bad contractors, the poor property managers, and the busted water pipes due to the plumbing freezing over during winter. So as it goes, the first year was quite a challenge. We since then have these properties rented out, with a new... continue reading >>

REO Bulk Sales

Date: 11/04/2007 / Category: Big Deals , Current Grade A-
Ive seen so many of these so called REO bulk buys. How true are these, and has anyone had first hand experience with these? And if so, how real are these deals? I'm assuming the banks are using old BPO's or last years values, and if thats the case, these 60'% LTV's are really closer to 85% to 90% LTVs.... Any insight or help would be great?

Short Sale During Redemption Period?

Date: 10/26/2007 / Category: Need Advice , Current Grade B+
Has anyone completed a short sale during the redemption period? My partners and I have a deal where the property is in the redemption period, but we're trying to do a short. Any tips please email me at realdealmaker at gmail.com thanks!

REO Packages, Good- Bad? True - False?

Date: 10/21/2007 / Category: Need Advice , Current Grade A

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I've been seeing so many offers on REO packages. The majority of these are coming from brokers Im sure. Sounds like most of them charge around 3 to 5pts based on purchase price. I think I finally found a reliable source that has been able to make some relationships with some banks, and will have the opportunity to buy at 55% LTV (Las Vegas). However, he is only getting 6 days to conduct DD. Im sure that can be done, but I wonder if that is th norm... Does anyone else have good connections or sources where we can buy... continue reading >>

Craigslist Scams or the Real Deal?

Date: 10/17/2007 / Category: none , Current Grade A

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I've been marketing for high end deals on Craigslist, and of course I've been coming across some unique deals and requests out there. Yes, the majority are scams, but I'm sure there are some good ones out there. And of the good ones out there, there is some real good money to be made! I have a guy I work with that does hard money loans in Las Vegas. So I posted some ads in Craigslist, and Ive got a huge response. I have several solid deals in the works, but the best one has to deal with a... continue reading >>

Three Az Sub-2's w/ Equity!

Date: 10/10/2007 / Category: Marketing , Current Grade C

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That's right, take over 3 SFR's in AZ subject to the existing finance in place! No need for getting a loan, not risking your own credit, and only $7,000 each, or buy all 3 for $15,000! Owner leaving the equity and awesome terms in place! Just wanting to get out of all her properties. Property #1 Greenvalley Az Owe: 1st Mtg $147,700 Payment: $1,097.84 I.O. Taxes/Ins incl. 7.00% 10 yr IO 30 yr fixed No Prepay HOA: $45 every quarter Value: $180,000 to $185,000 Year Built: 2004 4 Bed 2.5 Bath 2 story 1,529 sqft 2 car garage Currently Vacant,... continue reading >>
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