Hello:
My name is Donna, and I live in Bergen County, NJ. If you live in and around this area, you know real estate was completely out of control the last 6 years or so. Currently, homes are sitting on the market longer than usual. Not unusual to see properties on the market for 6 months to a year, with several price drops. Prices are dropping and homes are entering into foreclosure daily. It's now what they call a buyers market. Let's be honest here, we all want to get a piece of it when it's low, and sell high, right? I am no stranger to pricing homes, both handy man specials or knock downs and remodeled homes. I know what sells, and what doesn't and I know where to spend the money in a rehab to bring in the most for the $.
Hard money lenders are rarely giving out no money down lending. LTV %'s are lowering, points are getting higher, and fees are climbing. They want you to put 10% to 20% money down for some of them to consider your deal. I'm looking for, and you may be too, Hard Money lenders in NJ or that will deal Nationwide, and loan money for residential single family rehabs based on the purchase of that rehab as the collateral for that loan. Then rehab it, rent it out for a couple of years, grow my net worth, then sell when real estate picks up again. I know that sounds like a huge deal, but there has to be someth HML's out there that still do this.
I wanted to create this group, so that we can brainstorm our ideas, share our experiences, maybe work as a group to try to make this work. I certainly do not want to give up at this.
I have been working on creating a list of HML's and will be contacting them one by one. If you have worked with any, which ones worked for you? We can share our experiences, keep our eyes and ears opened for connections.
If you're interested in securing your future with none of your own money, and building your net worth into the millions, then lets jump in and go for it. If you live in the Northern NJ area, ie: Bergen, Passaic, Sussex, Morris, Warren counties, then join in.
Thanks.
Hope to hear from you soon.
Donna
DMD Ventures LLC
Short Sales in your area
October 20th, 2009 | posted by SPIShortSalesHello all,
I specialize in short sales, and am looking to expand into more markets. I am just trying to network and find a local realtor or two, and as many active investor buyers in the area, so we can streamline the process and create wealth together.
Anyone interested, please do not hesitate to contact me, so we may discuss personal scenarios and see if our goals match up.
Thank you everyone. I look forward to possibly working together.
Respectfully,
Kevin Dietz
Syndication of Property
October 1st, 2009 | posted by Visionary3367Hello Investors
My Name is Bernard ,it so good to see that their are others investors out there. I would love nothing more than to create a network and relationship with any other openminded investor that is ready to think outside the box and create some wealth. I am currently
using a finder fee introduction into the Real estate world. My goal is to buy 10 houses hold for 10 years than sell them. If there is anyone out there in the Investor's world I would be more than happy to discuss, brainstorm, share ideas, experience and knowledge.
Good Hunting
Visionary
Hard Money Lenders and Private Money Investors
September 16th, 2009 | posted by listeezeI've been combing through the internet looking for hard money lenders for NJ or Nationwide that will deal with NJ. I have found a lot of websites on lists that have possibilities.
Has anyone had any luck with hard money lenders that will give out a loan to an LLC with using the rehab property as the collateral, rather than your own home? That is what I want to locate.
