New Private Loan Options for Investors and Flippers!


 

What an amazing year for private funding, hard money, commercial funding, equity funding, business funding, unsecured funding; all kinds of capital for many purposes.

Lenders are stepping up to make loans in ravaged areas in Florida  & Texas, as well as nationwide in major urban areas.

Fix and Flippers works with key lending partners to provide the best loan terms and flexible structures so investors have multiple options for leveraging their hard-earned capital.

The climate of private lending has changed because competition has greatly increased, also the influx of 1st-time flippers hungry to get a piece of the pie has produced a perfect storm: lots of inexperienced & unqualified applicants to pre-screen and underwrite – it’s a very expensive operation if you have your underwriters, processors, and assistants burning through hours of documents if they don’t lead to real closes with ROI for the investors involved & for the brokers who bring the business.

This has resulted in more restrictive requirements for approval such as Fico score minimums – from my experience, they question why a successful businessperson who is worthy of a risk of $100k-$1M wouldn’t be able to pay even $1000 to repair and clean up their credit? Also, please don’t mention 2008 or the past economic events – they don’t want to hear that! It’s 2017.. Bottom line – without 650+ fico scores expect high-interest rates (9-12%) and lower LTV’s due to you being a credit risk (80%-85% LTV max)

What mitigates your credit score IF you have a great explanation? (like a recent credit event within the past 2 months caused your score to swan-dive)

Having lots of experience (recent experience) again, don’t mention 2008 or prior…and most lenders may look the other way and consider you a better risk.

What if you don’t have recent experience and your score is not 650+? Then I’d be prepared to bring 15% down-payment, and it doesn’t necessarily need to be seasoned or sourced, but it has to be documented..so have a statement to prove you have it.

Also, I have a great contact that I use for credit repair and authorized user trade lines (I know the account holders) – just ask me for those referrals!

What if you have no experience, and have no down-payment, but have good credit 680+ fico?  I’d suggest you apply for my unsecured-credit program to raise up to $250,000 unsecured credit lines/cards in 1-2 weeks to create a 100% financing scenario!

If you are a great candidate – have completed multiple flips and/or rental purchase/acquisitions within the past 24 months, 650+ fico, and 3-6 months of interest reserves in your bank account, I can roll out the red carpet for you in most cases: 90% LTC or 90% purchase, 100% of rehab, luxury spec builds/construction to $2M-$50M, commercial refinances with cash-out or purchase 75%-80%, even small loans from $50k.

Niche Loans: Gap Loans – These are 2nd TD loans that we make behind our 1st TD’s, never others. We will gap great candidates with lots of deal flow that have experience, capital, average to good credit and the deal must be in an urban area and pencil at or under 65% of ARV (after-repaired-value) Lots of our lenders make loans nationwide.

Commercial  Financing- 3yr/8yr/ fixed, special pricing this month! Hotel, Apartment, Industrial, Self Storage, Solar Projects, Multi-Family, Office, Warehouse, NNN properties, Shopping Center, Assisted Living, Residential portfolios, Construction Loans, Mobile home Parks, Resort properties. Bridge loans, SBA

We can make QUICK (3-5 day loans) against Free/Clear properties up to 50% LTV, max loan is $50k, the minimum is $5,000!

EMD funding – If you need Earnest Money Deposit funding – Not a loan, but allows you to use investor money for 30 days in escrow protected by an addendum added to the contract. Complete your deal, pay the funds back!

With my 16th year in real estate, I’d consider myself a massive resource center, and its hard to turn those contacts into a commodity,  I hope points & rates won’t keep the best candidates from reaching out! Most of the time, I only give the best deals to people whom I have done business with (broke bread) once we feed each other, I know we have a mutually beneficial relationship.

Let’s finish the year strong and build some alliances! 

I have set up a secure site you can apply NOW! www.hardlendr.com

Greg@FixandFlippers.com – 323-632-3279

Looking for Quality Workmanship in a General Contractor? Licensed/Bonded/Insured, no job too small


We are a high-end construction rehab team consisting of an experienced General Contractor of 20+ years, Real Estate Agent with 10 years experience & Marketing Executive with 15 years experience.

We are in the business of locating, privately funding (through trust deed lenders) luxury rehab projects throughout the Los Angeles area. We are well experienced with all phases of rehab and construction including basic kitchen/bathroom remodels, swimming pools, windows, smooth finish stucco, landscaping and complete demo/scrape/ground-up construction.

We are always in the market for off-market fix/flip candidates that we can either add square footage, repurpose, re-zone, sub-divide or improve for a profit. We’ll look at anything that has upside.

If you are looking for a dependable, fair contractor that’s licensed, bonded & insured to manage your project, or manage your contractors & sub-contractors, contact us! We can also provide the initial SOW (Scope of Work) to your lender and be your experienced contractor to help you qualify for ARV loans!

Right now reinforcing & replacing the fittings in your home can be important if you have an older home, since we live in an earthquake State! We can help with this!

We can provide one-on-one mentoring for 1st-time flippers, women are welcome to contact us!

If you’re interested in becoming a gap partner or trust deed investor, let me know, we constantly have opportunities to fund. We can keep your funds moving.

Here are some projects completed and shows our work..

9222 Bartley Ave Santa Fe Springs, CA 90670 

Purchased on 3/21 for $350K,

Sold 9/16 for $500k after investing $50K rehab.

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653 Tularosa Dr. Silver Lake, CA 90026

Purchased 3/15/15 for $625K, Invested $250K rehab

Sold for $1,350,000 on Apr 12, 2017

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4083 Sea View Ave Los Angeles, CA 90065

Purchased  8/24/16 for $1,150,000 With a rehab budget of $300,000. Currently in construction with 60 days remaining.

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Almost Finished- 60 days left

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Private Portfolio Builder Program – Build Your Nest Egg!


I’m working with a group of Midwest originating brokers who are helping clients acquire assets and build their nest eggs. This is their program.

A Program designed for Real Estate investors to Acquire, Cash flow,

and Re capitalize on Rental Properties!

As Real Estate  Investors  know these days; Banks, Lenders and even Private Capital want large down payments to purchase non‐owner occupied investment properties, for the purposes of building a rental portfolio. The secret to building wealth in real estate is building large monthly positive cash flows. In the recent years, that has become  increasingly difficult.

So, let’s isolate the biggest problems real estate investors have in growing their portfolio, while explaining how the Private Portfolio Builder Program overcomes these issues:

Growth Capital Whether it’s a 20% Down Payment or Larger, that’s a lot of capital to put out there to purchase a rental property. Even if the internal rate of return is 20%, it still takes 5 years for a Real Estate Investor to re capitalize their down payment investment.

Lack of access to growth capital puts any business, whether real estate, or selling hamburgers at risk of not being able to grow. A simple  rule of thumb is if you are not growing your business, you are losing profitability, due to the increase in COGS and other operating costs that virtually increase  every year!

With banks frowning upon Real Estate Investors and their businesses,  this is still a tough environment for those that need to have access to capital to grow and thrive, instead of just survive!

Solution The Private Portfolio Builder Program has partnered with a 2nd Mortgage Lender that will only lend to participants of the program. This 2nd Mortgage Lender has great rates, and has agreed to lend a 2nd Mortgage on any of the Program’s assets.  This second mortgage will provide:

  1. 20% Down Payment required by the 1st Mortgage.
  2. $15,000 Above the Purchase Price to re capitalize the investor to allow for more Acquisitions within the communities. This is funded through the Community Reinvestment Loan.
  3. Utilize this program for up to 4 purchases of Multi Family Properties (2-4 units)

Why is this Program so Advantageous to a Real Estate Investor looking for Cash Flow Producing assets?

  1. The Community Reinvestment  Loan allows Participants to Purchase other Rental Assets and Increase  Portfolio Holdings through our $15,000 Recap Program.
  2. This Stabilized Program will ensure  long term Success  with our Asset Management Strategy.
  1. Turn-Key and Auto Payments through our development and Voucher Program.

Now, this doesn’t mean that program Participants do not have to put down a down payment or have reserves. The first mortgage still requires the down payment and reserves, so that must be placed into the transaction. What we have done is developed a relationship that will recapitalize your down payment plus $15,000 recapitalization,  allowing you to continue to build your portfolio, while capturing the cash flows that our Program’s buildings will offer!

Yes. This program has complexity to it, and does require a two step closing of the purchase 1st Mortgage, and then our Lender’s 2nd mortgage a few days after the closing the 1st. We are not only real estate investors, but we understand banking and private lending very well. This is the only way that this program becomes viable, as people without the knowledge and experience of the Chicago Real Estate Markets along with the banking and financing markets would simply not be able to fund these deals.

Stable Income – It is very important to have the stability of income when you are a real estate investor. This program is designed through a section 8 Voucher Program that is funded and dispersed through the City of Chicago’s low housing Program, ensuring that payments are always received between  the 1st and 5th of each month, so there is no more tracking down tenant’s rental payments, therefore protecting your monthly income.  How many horror stories have we all heard about tenants  that just do not pay their rent, and the eviction process can take months?

Solution The Private Portfolio Builder Program focuses  on subsidizing the assets that are purchased by members. We utilize local management companies that have experience  in placing long term section 8 renters  and other  Chicago Subsidized Housing Programs into units. This ensures  that each investment performs monthly, and reduces the turnover rate due to Lower Income Tenants move less frequently.  By providing an experienced Maintenance Staff, and an Experienced Management Company, Program Participants benefit by reducing costs, while increasing the monthly rental by 20% more than market rates, and producing a steady subsidized cash flow. Subsidized Tenants are a great way to build passive cash flows. When a Landlord provides safe,  clean,  updated  living accommodations  in the City of Chicago, you can count on a high occupancy status from just the referrals alone.

Section 8 pays each month during the duration of the contract,  and if you work with the tenant, and the case worker, it becomes a long‐term relationship. It’s just a matter of providing Safe, Clean, Updated housing, and then communicating with your customer (tenant) monthly to ensure everything is going OK. Subsidized Programs  in the City of Chicago have large waiting lists of Tenants to place into rental properties. There is no shortage of demand in this sector.

Business Modeling Very few small investors professionally model their business, and ensure that their small business is meeting the needs of the community it is located in. How many investors plan their business from start to exit? The better question is, how many investors align themselves with current market trends? What about having the capital relationships to take you from start-up to growth stage?

Solution Years of experience  in Chicago coupled with professional relationships that understand the Business Model, means the Private Portfolio Builder Program is not only profitable, but is a great example of how to model your business. This program is not only specific to Chicago, but can be done in other markets of the Country.

As we expand again, we shall offer more markets,  but Chicago offers a great off market wholesale environment versus a waiting list of subsidized tenants waiting to lease a unit. Since the purchase prices have not recovered as much steam as other markets in the US, but rental markets have risen.

Private Portfolio Builder Program Key Points:

1.)  Off Market Inventory only.

2.)  2, 3, and 4 unit residential properties only.

3.)  Preference  is given to 2, 3, and 4 or 5 bed room unit mixes.

4.)  Preference  is given to Subsidized Tenants Vs. Cash Tenants.

5.)  Preference  is given to Brick Buildings Vs. Wood / Sided Buildings.

6.)  2nd Lender provides 20% Down Payment plus up to 15% of the Purchase Price ($20,000) on a

Community Improvement Stability 2nd Mortgage.

7.)  Properties  will present  a minimum of a $500 positive cash flow per month up to $1350 per month after all expenses and debts are paid. (Including the 2nd Mortgage)

8.)  Professional Managed, Professionally Maintained. All third‐party companies connected with the program are duly licensed in their respective fields of service.

Qualifications for Participation into the Program:

  1. 2 Years Tax Returns showing sufficient income to have a Debt to Income Ratio of 47% of less.
  2. 2 Current Paystubs.
  3. 3 Months Personal Asset Statements showing 20% + 6 Months Reserves all debt.
  4. A FICO Score  that  is above  660, with no score being lower than 640. NO FC, BK, 1 x 60. Please provide a credit report that you pull for qualification purposes.
  5. State ID or Driver’s License.
  6. Completed 1003 w/ REO section.

Disclaimer: This is not an offer to sell securities.  This is not an offer to lend.

Contact me & I’ll introduce you!

Greg@FixandFlippers.com

 

 

 

100% JV Financing – SFR Flips, Specs, Ground Up Construction!


 

Must be in a hot market.

Florida, Texas, Ohio, Illinois, California, or New York other markets considered but again must be HOT!!

We are aggressive: Commercial Multi-Family only, or 1-4 Unit Fix and Flip.

I will only work with well qualified investors that have experience. You must cover the closing costs, have a 660 FICO, and 6 Months reserves, plus verified experience.

Ground Up – OK, Fix and Flip OK, Repositioning OK. Major Rehab OK.

$1,000,000 and up only.

$10,000,000 Max on the first deal.

Want to Increase Your Credit Score? Add Tradelines for 30-50 point Increase!


Increase Your Credit Score!

Authorized User Tradelines

$999 per tradeline or $899 per tradeline for 3+ tradelines

FREE CREDIT ANALYSIS!

We’ll help you determine if you need tradelines, and which ones would raise your credit scores!

  • These are Revolving Lines
  • Tradelines between $5,000 – $40,000
  • Increase Your Credit Scores 30-50 pts in 60-90 days
  • Lines Stay Reporting for 45 to 180 days, we see 90 days of reporting on average
  • Most clients get 2-4 tradelines, most mortgages are looking for 3+ tradelines for pre-approval
  • We prefer our clients to be goal oriented, the service provides short-term credit score enhancement.
  • You will ideally be seeking credit within 45 days of the lines hitting their file
  • We will only add lines to Social Security Numbers, no CPN’s,or any other alternative identification number

We need:

  • Colored copy of your SS Card, front & back
  • Colored copy of your State issued ID or DL, front & back
  • Recent copy of your 3 Bureau Credit Report (You can pull one @ CreditCheckTotal.com)

Lines will appear on your file within 45 days

GET STARTED TODAY!

Greg@FixandFlippers.com

858-386-0949

New Funding Options: EMD Funding & Transactional Funding


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Program #1

Here is a rundown on the different things we think you should know about how EMD funding works for our clients.

  1. Risk free as we can make it. We do not charge any upfront fees for processing, etc. If the escrow falls through, you owe us nothing. (We just get our EMD funds back and hope to make money together on a future deal.) Our markups usually amount to a very small percentage of the EMD requester’s overall profit; you keep the vast majority of your hard-earned profits in your pocket.
  1. We are (second line) co-buyers on all EMD deals; that means we get a full flow of all paperwork during escrow, control contingencies right along with you, etc. We have no desire to own the property or create an undue burden; we just want our EMD monies protected during escrow and being a co-buyer (temporary financial partner) provides us that protection without harming the buyer or the seller. Once escrow closes, we are no longer involved with the property.
  1. Our earnest money deposit (EMD) funds can never be allowed to go hard (nonrefundable) during escrow; the funds must stay soft the entire time. After all, the “D” in EMD stands for DEPOSIT; those funds are not a down payment. However, some sellers, realtors and investors mix up the two. The job of the EMD fund requester (the buyer) is to bring in exit strategy monies (i.e. full purchase price) either with proof of cash or is approved for a loan (provable with a Letter of Commitment or LOC from the lender) by close of escrow, thereby removing any monetary incentive for the seller to want to try to keep/hold onto the EMD monies. In the case of a wholesale contract flip, the key element is that you must have a Qualified End Buyer under contract by the time the contingency period has expired. (and who has proof of cash or is approved for a loan).

Here is why it is so important that EMD funds stay soft until escrow closes: Should escrow fall through for any reason (buyer’s fault, seller’s fault, nobody’s fault), and the EMD has already gone hard, some sellers  are tempted to try to keep the earnest money deposit monies as their own. We could lose the EMD funds we put up for you; that is a not a risk we are willing to take. Thus it is vitally important that all offers made to sellers must include this fact. Doing so during the offering stage just makes it a normal part of the buying process, thus hopefully preventing it from becoming a problem later.

  1. To prevent either #2 or #3 above from becoming a problem, please
  1. Ensure that the verbiage in your offer—Letter of Intent (LOI) or PSA (Purchase & Sale Agreement) or Residential Purchase Agreement (RPA)—hopefully has been scrubbed of any and all verbiage that might cause the EMD funds to go hard (nonrefundable) before the close of escrow.
  1. The offer must include certain specific and mandatory verbiage (see in italics below). The italicized text needs to be inserted into the offer prior to putting the offer in front of the seller; the intent is to effectively override the standard boilerplate verbiage that appears in virtually all offer forms that gives the seller the (false) impression that somehow they can keep EMD the monies should escrow fall through. Of course the following can be introduced later during the counter offer or escrow stages, of the transaction as an addendum, but by then the seller is probably pretty much locked in mentally to the original boilerplate text and he may take umbrage at having such a “surprise” thrust at him so late in the game. THAT can and does blow up deals. It is much better to insert this into your offer from the get go.

The following supersedes any other deposit-related clauses or contingencies to the contrary, found herein: Should the escrow fail to close for any reason whatsoever—regardless of which party cancels the escrow, or of the status of any contingency, or of the results of any inspection, or of the time elapsed between date of acceptance and the scheduled closing date or date of cancellation—the earnest money deposit shall be refunded in full to the Buyer, by issuance of a check from the escrow company (or equivalent entity, i.e. title company or lawyer) to the account from which the deposit was received. Further, the buyer may at their discretion do the following:

*   bring in one or more partners during escrow as co-buyers,

*   designate one or more payees, whether co-buyers or third parties, to be paid out of buyer’s funds,

*   submit instructions (from either buyer or co-buyer) to escrow regarding any such disbursements before escrow has prepared final settlement sheets, 

*   require both co-buyers to receive all documents intended for Buyer from escrow, listing agent, transaction coordinators, or others corresponding with Buyer in the course of this transaction, and the signatures of both co-buyers are required for any document which Buyer must sign,

*   in the event that borrowed funds will be utilized by Buyer in this transaction, The Trust as co-buyer will not be a co-borrower, and in any event, The Trust reserves the right to withdraw as a co-buyer at close of escrow.

  1. 1% EMD is the norm (say $5,000 on a $500,000 purchase price). Yet some sellers demand 2%, 5%, 10% or more. NOTE: Anything above 1% may mean you have to pay higher markups.

Analysis: Whether EMD money goes hard or stays soft, and/or whether the EMD percentage is 1% or 10%, the seller receives exactly the same amount of money at close of escrow. That is why soft vs. hard and EMDs higher than 1% should be and usually are non-issues to most sellers once the reality of the situation has been properly explained to them. Besides that, without realizing it, sellers who put up these types of artificially high barriers often cost themselves valuable bidders for their property.

More Analysis: Most of the wholesale contract flippers and rehabbers we work with try to buy Off-Market (OM) properties (not retail MLS-listed); they are seeking property owners who are Distressed, Motivated, and Flexible (DMF) and NEED to sell their property right away. What you will usually find when dealing with most DMF/OMs is that the vast majority simply do not have the luxury of time to dwell on whether the $3000 EMD (on the $300,000 property they are trying to get rid of) stays soft or not. They should be and usually are focused on the getting the $300k in their pocket and moving on, ASAP. In fact, it has been our experience over the years that sellers who concentrate almost solely on finding ways to keep the EMD money may not actually be Distressed, Motivated, and Flexible sellers after all—and maybe you need to find another seller to work with.

  1. EMD money is available for up to a 30 day escrow; that can be extended, but only on a case by case basis and may result in higher markups, thereby increasing your costs.
  1. Make sure the seller is OK with the above; none of it is designed to be harmful to either the seller—or the buyer for that matter. The provisions in the C&P form are simply there to protect our EMD investment capital.
  1. What comes next: Please completely fill out all of the Processing App.
  1. Once we receive the Processing App and offer, we try to provide a tentative green light (if it is justified) within 24 hours—often less.
  1. Any questions, etc. please email them to us. If you have an urgent matter, please feel free to phone. However, email is our preferred method of communication.
  1. BEFORE SENDING ANYTHING IN TO US, PLEASE MAKE SURE For each EMD for which you need funding, please make sure you email us the following, FIRST:
  1. A copy of the seller-accepted offer as an enclosed PDF attachment. Make sure that you have included, in the offer, the “supersedes” verbiage that appears above, and at the very end of the App (below), re: The following supersedes…”. It is strongly advised that you include the “supersedes” text in the initial offer to the seller. If that is not possible, then create an Addendum (signed by the seller) that includes the “supersedes” text and include it with the offer copy you send to us.

Only AFTER you have the seller-signed offer in your hand (that contains the “supersedes” verbiage) should you contact us.

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Program #2

  1. Earnest Money Deposit Funds Available to Real Estate Investors
  2. Short-term Funding Available Quickly for Properties Owned Free and Clear
    Capital is available with the following parameters:

* $50,000 (normal maximum)
* No upfront or hidden fees. Quick funding decisions
* No points, no interest, no monthly payments
* Maximum time for use of our funds is 30 days. More time can be made available, on a-case-by-case basis.

  • Cash-on-cash markups are as follows:

From $0 up to $4999 $2500 minimum markup cost
$5000-$25000, 50% Example: $20000 pays back $30000
$25001+, 35% Example: $45000 pays back $60750

  • Available in all 50 states & DC

* Why EMD Funding?

  • Don’t tie up your precious capital, use ours
  • Allows investors to leverage themselves into more deals
  • Our funding can mean the difference between a deal happening, or not
  • We normally fund in days, not weeks (for qualified deals)
  • We usually do not require an appraisal, credit check or income verification
  • Yes we can help you with your Transactional Funding (double closing) needs!!

Please Call Greg Wilson – 858-386-0949

Greg@FixandFlippers.com

Fico Based Unsecured Funding – Up to $200,000 in 10 days! No upfront fees! No Risk


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FUNDING HIGHLIGHTS:
  • Up to $200,000 in Revolving Lines of Credit with only a one-time success fee
  • Fund in 7-10 Business Days
  • No Income Documentation required
  • No Verification of Employment
  • 100% Unsecured
  • No home or assets required
  • We have “Equifax Only” funding Option (Often the (3) credit scores can differ greatly, if the Equifax score is higher, then the emphasis is placed on that one.
  • No business plan necessary
 
QUALIFICATIONS FOR FUNDING:
  • 680 or below in some cases
  • Revolving balances below 60% of credit limit
  • At least 4 “open” & “seasoned” primary tradelines
  • No more than 4 inquiries per bureau last 90 days
  • Prior BK must be over 5 years
 
OUR FEES:
  • NO Upfront Fees
  • Back end success fee AFTER FUNDING 15%
  • Direct Funding Platform
An example of fee schedule: would be $200,000 x 15% = $30,000 out of the backend funding
To achieve desired amount it can be one loan or multiple loans. But more likely multiple banks. Perfect for creating capital for Earnest Money Deposits (EMD) or used as GAP Funding for Hard Money loans! 
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Credit Monitoring Login Info Required: If you do not currently have a credit monitoring service you must sign up with CreditCheckTotal.com or IdentityIQ for $17.95 in order to submit for pre-qualification evaluation.

This is the only info needed:

  • First & Last Name:
  • Email Address
  • What is your current credit monitoring service?
  • Credit Monitoring Login Username (may be given over phone):
  • Credit Monitoring Login Password (may be given over phone)
  • Last four digits of SS#
  • (may be given over phone)
  • Equifax Credit Score
  • Transunion Credit Score
  • Experian Credit Score
  • TOTAL LOAN AMOUNT DESIRED:
  • Primary Phone Number
  • Military Affiliation
  • Are you currently working with other funding sources at this time??

Contact Me Direct: Greg@FixandFlippers.com or Inquire Below!

On-Demand Project Managers to Your Site! Perfect for Contractors and Developers


 

 

Why Residential Construction is Ripe for On-Demand Disruption

With a record year for the on-demand industry in 2016, the big prediction for 2017 is that on-demand companies will expand to new industries.

That’s happening now in residential construction. For too long residential construction has been plagued with going over budget, not meeting deadlines and plainly losing money primarily due to lack of communication.

Most contractors do not use project management software to keep their jobs in-line.

95% of all residential remodel projects end up in frustration. Homeowners go into a project excited about their contractor only to soon be in the dark about what is going on.

workflow

The new on-demand startup “Project Buddy” http://www.projectbuddyservices.com is the 1st of its kind and planning to revolutionize the industry: Creating completely transparent transactions between homeowners and contractors. Simply put, Project Buddy helps organize projects.

Project Buddy

Project Buddy Founder, Robert L. Williams

“After years of consulting in the construction industry I found that almost every job had a point where the client thought they were being cheated, it was almost always due to a simple lack of communication. Construction remodel projects are very organic and change daily. I started Project Buddy to help both Contractor and client stay up-to-date on a weekly basis.”

Project Buddy, from PGN Design Group, works with a cloud-based construction software that all parties have access to with their smartphone, tablet or computer. Project Buddy finally makes it easy for homeowners to follow the progress of their construction project from anywhere and makes it easy for contractors to keep their clients updated on day-to-day progress of their projects. It works with 5 easy steps.

  1.  Upload project information to Project Buddy cloud-based software
  2. Take daily photos of the project
  3. Create daily work logs
  4. Contact all contractors, subs and architects for scheduling purposes
  5. Create an “end-of-week” report for the project

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So who’s doing the actual work? Numerous “buddies” manage jobs in the areas that they live in. They can work as much or as little as they want. Think of it as the Uber for Project Managers.

The site will work on weekly contracts so that there is no big commitment from homeowners or buddies. For contractors, there’s no need to hire and train full-time employees only to have the burden of their salaries on the books when it gets slow.

At the end of each week, clients have the ability to either “opt-in” if they like the service or “opt-out” and we’ll see you on the next one!

Project Buddy will have the ability to do one or all of their jobs. The company is poised to disrupt the residential construction industry by helping smaller companies with growth, and larger companies with quality control. The price is $500/week for most projects, cheaper than the cost of a laborer sweeping up the site!

Why Use Them?

  1. Lost Time = Lost Money
  2. Cloud-based Software = Transparency, 24/7 access from any device.
  3. Organize contractor = Get Job Done!
  4. Weekly contracts = No Big Commitment
  5. One low rate for any size project

Project Buddy has launched in Los Angeles and the San Francisco Bay area with expansion to other major cities in the U.S. later in the year.

Preferred Partners: 

  • Contractors/Developers – Instead of carrying a payroll employee as a superintendent, we can replace that cost, and we have no problem with working for 1 week..
  • Real Estate Agents – You know all of the Wholesalers, Flippers and Homeowners doing remodels, refer our service and receive a $500 referral for each.
  • Architects – You work with homeowners and flippers too, with our service, you can monitor the project remotely and not get left out of the circle. Refer our service and receive a $500 referral for each.
  • Hard Money Lenders – We can act as a 3rd party service provider that can be financed and used as a kind of “insurance policy” Lenders can require their borrowers to use Project Buddy, and they‘ll always know what’s going on with the project! Two words – Accountability Partner. Protect their loans. Less foreclosures will increase bottom-line. 
  • Owner Builders – You want someone to babysit the work-site, and you don’t want the job! We’ll help week-to-week, until you don’t need us anymore! You can see all the progress on your smartphone or preferred device, and read the notes left by the Buddy. Perfect Communication! 

 

Book us for one job, for one week and you will quickly see how easy and smooth your job/s will run.

Find out more about getting a project managed today! www.projectbuddyservices.com

Or Call Greg Direct – 858-386-0949

Shovel Ready Pacific Beach Development Fully Entitled $950K!


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Current Status of the Property –

Lot has been cleared and Ready to go!

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Address: 1270 Emerald St. San Diego 92109 – https://www.redfin.com/CA/San-Diego/1270-Emerald-St-92109/home/5135489

Land Comp: 1220 Emerald St. $900,500 sold 10/19/16 https://www.redfin.com/CA/San-Diego/1220-Emerald-St-92109/home/5135519

Finished Comp: several in the area between 1.7M-1.8M

Cost to Build – $550,000

 Price- $950,000 

The permit needs to be paid for and pulled by April, otherwise it will expire. There are no issues. Seller just want to sell. However, if he doesn’t find a buyer, he will pull the permit and start building it.

They have already paid for everything that was needed to get the coastal permit approved, ie: architectural, structural, soil test, surveying, water drainage study as well as utility relocation, temp pole, and demo. This is a shovel ready project.

Coastal permit has been paid for and issued. Building permit has been fully signed off and approved. We just have to pay the school fees and inspection fees and pull the permit. These fees amount to about $8000.00

At this time seller doesn’t want to J.V. and prefers to sell fast with cash.

I’m Direct to the Seller and this is an off-market sale! Contact me Direct. Greg@FixandFlippers.com | 858-386-0949

 

Sell Your Real Estate-Backed Note Today!


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If you have a privately owned, real estate backed note (non-performing or performing) that you want to SELL, please contact me ASAP!

Working with investors making offers on notes I am direct to, and they are looking for more! Residential, Commercial, single note for $150MM Portfolio, Nationwide, They will make an offer on any note with no obligation or expectation! Family business operating for 25 years..

Both Fixed Rates or ARMs such as performing Residential loans and SBA 7a loans, FSA’s, HCEM’s and USDA’s). They accept seasoned loans.


They still look for Residential and Commercial Sub-Prime loans and various credit quality loans that are performing, non-performing or sub-performing and REO (Real Estate Owned) or Deed in Lieu properties NATIONWIDE.


SFR, Condominiums, Duplexes, Multi Family, Strip Centers, Offices, Warehouses, Churches and more are desired.


They still look for Agency and Non-Agency quality loans either servicing released or servicing retained..


Additionally, they also have an interest in REO Class A/B industrial warehouses in key markets in the US and Mexico…

Contact me if you are selling your note(s)

Greg@FixandFlippers.com / 858-386-0949