Quote Originally Posted by ChunkyMonkey View Post
70% ltv hard money 12% w balloon @50% ltv purchase. Using the 20% to finance the fix up to be handicap accessible and 1 mo payment. Sold it to the lined up buyer ready for his special need at appraised value. 25400 is the net after all the third party costs plus if you want to add my origination fee on the new loan, it would have been more. I am a banker, she is a realtor.

Like any other property investors, I was doing this 3-4x a year prior 2008. Now that the market is back, hard money investors are hungry, so its a matter of finding that great deal.

Irving did you secure the 8 units with hard money balloon too?
House flipper!
Oh yeah!!!! I remember a forum member who was a professional house flipper here. He was on a CNBC if I recall.
I think he was selling his firearm here , and said "I am here to sell my firearm, not to make a friend"
http://www.ar-15.co/threads/35238-Let-s-try-again
He later apologized. No biggie.

My question is, do you work at a same firm? j/k