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.

Hollywood Hills SFR Rehab, Nice Canyon Views – Wholesale Priced for Experienced Flipper


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We currently have this tied up and ready to wholesale to an end buyer.
The buyer would need to replace our $15,000 EMD ASAP. They need to close by end of month.

We’ve walked this property and I can introduce the buyer to the President of the Laurel Canyon Association – this will help the overall process. He is also a land-use attorney specializing in permitting.

The property has some issues and has been condemned by the City. The buyer would have to assume this responsibility.

8351 Kirkwood Dr. Los Angeles CA 90046

Tear down- Single Family Residence
Sunset Strip – Hollywood Hills West
Built 1927
2/1 – 1358 Sq Ft

Redevelop as 3/3

Rehab $200k
Asking $625k
EMD $15k
Comps $1.2m

Will need complete rehab and retaining wall, and create an access point such as a driveway…

Review the numbers, it’s vacant, I’ll give you the lockbox, and go direct.

Greg@FixandFlippers.com

858-386-0949

 

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.

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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!

1270_emerald_st

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

Direct to Owner Multi-Family & Development Opportunities in Georgia and Florida


 Georgia Multifamily – 159 units, 97% Occupied with stable 
operations in a growing market and plenty of upside through future rent growth and value-added improvements.  Attractive assumable in-place debt allows for easy/quick transaction. Price $6.15M 

159_mf_1 159_mf_2

Florida Multifamily – 328 units, 96% Occupied with stable 
operations in a fast growing market. Active value-add strategy in-place and successfully growing rents with 16% bumps.  Attractive assumable in-place debt allows for easy/quick transaction. $27M 

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Florida Oceanfront Development – A rare full block of Oceanfront land ENTITLED for absolute last chance to build Hotel/Condo project in the entire area. A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale for quite possibly the rarest hotel site in the Southeast.

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Florida Waterfront Development – A rare Intracoastal site with 
APPROVED PUD for Multifamily, Condo, Hotel, Commercial, Retail and Marina. Granted 144′ Height entitlements.  A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale. 
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Southeast Multifamily – 10 property portfolio, 1,400 units, B/C 
class with stable operations in a growing market with lots of upside. Joint Venture opportunity. Price $43.5M ONLY need $17M with terms, Atlanta,Jacksonville, Pensacola Florida areas; 
Properties are located close to each other, easy management. 
Qualified Principals Only Please.
Greg@FixandFlippers.com | 858-386-0949

Off-Market 15 Single family home Portfolio in Kansas for Sale!


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Off-Market Portfolio 15 Homes for $3M

Fully Rented

3-4 bedrooms, garages, Property values between – $162K-$225K
Rents between $1050-$1600

The Seller has agreed to CARRY $500k, The buyer must bring $300k to close with a lender that has agreed to make the loan for 75% LTV @ 4.75%.

Serious Only
Greg@fixandflippers.com – 858-386-0949

Private Funds Available for Fix and Flip Projects in Los Angeles


Projects that involve Acquisition + Rehab (or tear-down) can be financed using many different private-loan structures. Qualifications are heavily based on experience of principals, their personal financial statement(s) and location/marketability of the subject property in mind.

With 10-20% of total project cost, we can get your project financed, this could be in the form of: Seller-carry (2nd position), Cross-Collateral in real property with equity, or Cash.

Private Lenders will fund deals in select markets, on a case-by-case basis. Residential, Owner-Occupied and Non-Owner Occupied, Commercial, Purchase Refinance, Rate/Term & Cashout.

Email or Call me or Reply Below

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Greg Wilson – Greg@FixandFlippers.com – 858-386-0949

Fix and Flip Lending in all 50 States


Nationwide Direct Lending

2016-07-27_1950

Working with a new lender who has funds to invest.

  • Loan Amounts: $100,000-$1.25M
  • 1st Mortgage Only
  • 12 months with option to Extend
  • 4 pts.
  • 11%-14%
  • Loan-to-Value – Up to 75% of After-Repair Value
  • Short term interest only loans to experienced speculators, investors and home builders
  • Acquisition and rehab funds for 1-4 family residential properties for the purpose of rehab and resale.
  • Direct, Private Lender
  • They make loans in every state, underwrite and fund in-house
  • Primary factors for loan qualification are the value of the subject property and the borrower’s prior history with fix and flips.
  • They run a credit report, but no minimum fico requirement, they do not require tax returns or tax verifications
  • Seasoned Investors preferred
  • Up to 90% Acquisition Funds & 100% Rehab Funds
  • No W2’s or Pre-Payment Penalties
  • 65% Cash-out Refinance

Contact me today to get started.

Greg@fixandflippers.com

No Doc & Low Doc Loans for Investors Nationwide


fundingkey

No Doc Loans

Asset based lending in: AL, CT, FL, GA*, IL*, IN, LA, MD, MI*, MO, MS, NC, NJ, NY, OH*, OK, PA, SC,
TN, TX, VA*, WI

** AR, CO, IA, KY, ME, MT, NH, NM, UT, WA, WV, WY**
OH* Not in Cuyahoga County.
MI* Not in Detroit, Flint.
IL* Not in Cook County.
GA* VA* Closing in Entity Only- LLC/Partnership/Corporation/Non-Profit
** MUST BE IN MSA- lookup here http://www.zip-info.com/cgi-local/zipsrch.exe

3 Options

Max Loan – $1M

1.) FLIP ONLY 12-month Interest Only – 12%-13% 4-5 pts

Max LTV – Experienced – 75% purchase, 70% refi, Inexperienced – 75% purchase, 65% refi

Closing Fee – $1,000

Min Loan for Purchase – $38k, $46k for Refi

No Pre-Pay Penalty

2.) Flip or Rent 36 months, 10-year amortization – 13% – 14% 5-6 pts

Max LTV – Experienced – 75% purchase, 70% refi, Inexperienced – 75% purchase, 65% refi

Closing Fee – $1,000

Min Loan for Purchase – $34K, $46k for Refi

No Pre-Pay Penalty

3.) Rent Only 36 months, 30-year amortization – 12%-13% 5-6 pts

Max LTV – Experienced – 75% purchase, 70% refi, Inexperienced – 75% purchase, 65% refi

Closing Fee – $1,000

Min Loan $80k (based on appraisal) for purchase or refinance

There is a Pre-Pay Penalty

630 fico is minimum

Low Doc Loan

Purchase, Refinance, Rate & Term, Cash-out

Min loan amount — $45k

Min Property value – $60k

Prepayment Penalty – 5% stepping down 1% each year

Eligible Borrowers: US Citizens, Permanent Resident Aliens

Borrower must have liquid 1 month reserves for leased properties, 3 months of liquid reserves if property is not currently leased. Proof of the down-payment is required.

Asset Verification: most recent tax return, retirement account value reduced by 50%, stock, bond and mutual funds value reduce by 30%.

Appraisal Requirements: All loans require appraisal, and will cost between $385-$425

Loan Type:

7/1 LIBOR ARM

30-Year Term

Index: 12-month LIBOR

Credit Requirements: Min Fico of 630

We need a copy of a tri-merge or will need to pull one. Need minimum 24 months of credit history, No bankruptcies past 4 years, No foreclosures, Short Sales, or Deed in Lieu in past 3 years

Must have minimum 3 active trade lines per borrower in last 24 months

Borrower will need to escrow 12 months for hazard insurance, and 2-3 months for impounds, 3 months for taxes.

Rates – Between 7.5% – 9.1%

Title can be in LLC name

Closing in under 17 days

Contact me Via email – Greg@FixandFlippers.com