Comments on: Banks? We Don’t Need no Stinking Banks – Unconventional Financing Fundamentals

By: scott

scott — Thu, 07 Apr 2011 18:50:43 +0000

I could realy use some help locating money in west virginia for quick flips and bridge loans. Any help would be greatly appreciated! thanks

By: Karen Davis

Karen Davis — Tue, 05 Apr 2011 17:27:37 +0000

The first step is to attend a free introductory workshop in your area and learn how others are doing deals just like this. Are you here in Texas?

By: Ekram

Ekram — Sat, 02 Apr 2011 17:06:48 +0000

Looking for private lenders for home purchase in Houston area. Please forward any information.

By: Khan

Khan — Tue, 22 Jun 2010 13:07:53 +0000

I would love to get some information on the private lenders and understand how the program works.

By: Ron

Ron — Wed, 10 Mar 2010 23:02:13 +0000

Chris Robinson…I read your input from earlier and I could use some guidance from Chris or really anyone as to how I can locate private investors in the Houston area.

I have been in the new home construction business as a sales professional for a major builder based in Houston. Sorry..can’t mention names but you would know them. I have lots of home construction knowledge but I am having trouble locating Private investors in the Houston area. Hard money lending will not work for me due to a divorce several years ago.

I had an individual who was going to back me but told me today that he won’t be able to for several months. Which means I may lose out on two deals that I have a contract on. The only problem is now I can’t give them a proof of funds letter to take the purchase to the closing table

Any guidance would be appreciated.

By: Karen

Karen — Wed, 10 Mar 2010 21:57:04 +0000

Good point David. Always make sure you have multiple avenues for financing (on both the front and back ends) when structuring your business plan. You never know what things may change that you have no control over.

By: Dailyestate

Dailyestate — Wed, 24 Feb 2010 18:14:33 +0000

if the house is worth 100k and the bank will give you 80% LTV, then you have 80k. If you hard money loan is only 65k, then you actually have 15k minus closing cost. You should walk away with money. Unless you want a lower nore

By: Fransico

Fransico — Wed, 24 Feb 2010 16:23:55 +0000

I red your article on hard money loans, and I want to clarify what happens when you refinance to conventienal:
you buy a house 70k hard money finaced (65k financed and you put 5k out of pocket) ARV 100k you fix it, rent it and then want to refinance.
You now have a house that is worth 100k and you refinance it to conventional; do you need to put any money down at that time or can you refi the whole amount (65k)?

By: Unconventional Financing Fundamentals « The Real Estate Race

Unconventional Financing Fundamentals « The Real Estate Race — Tue, 23 Feb 2010 16:49:48 +0000

[...] I certainly enjoyed working with Karen on this article and hope you enjoy reading it too. You can find it on the Lifestyles website at http://www.lifestylesunlimited.com/banks_we_dont_need_no_stinking_banks_-_unconventional_financing_f…. [...]

By: Brad

Brad — Tue, 16 Feb 2010 22:25:47 +0000

Good Info