Comments on: March 2010 in review http://buildbankroll.com/2010/04/march-2010-in-review/ Wed, 25 Jan 2012 20:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BJ http://buildbankroll.com/2010/04/march-2010-in-review/comment-page-1/#comment-499 BJ Tue, 13 Apr 2010 23:38:01 +0000 http://buildbankroll.com/?p=1007#comment-499 Feb. was horrible due to the two blizzards, work, etc. My motto was to be No Excuses but 6' of snow in a week takes a toll on you. I didnt post a reply Feb because I was so frustrated and there was nothing to report. March was a little better. Finally got paperwork off to a HML. Took them a while to get back to me but as of today we are pre-approved on a "Deal Specific" basis. They require a committment letter from a conventional lender prior to closing so we are working on securing that and just beginning to look for houses. Question for all you guys/gals with experience...The HML said they will not likely finance us for any flip due to our lack of experience and the current market... They said they know lots of full-time REIs that cant sell a house right now so Buy and Hold is the only way to go. I see you guys having success with it and am a little discouraged that a HML told me that. What, if any, are my options at this point. Sorry for long post but look forward to any responses. Thanks. Feb. was horrible due to the two blizzards, work, etc. My motto was to be No Excuses but 6′ of snow in a week takes a toll on you. I didnt post a reply Feb because I was so frustrated and there was nothing to report.

March was a little better. Finally got paperwork off to a HML. Took them a while to get back to me but as of today we are pre-approved on a “Deal Specific” basis.
They require a committment letter from a conventional lender prior to closing so we are working on securing that and just beginning to look for houses.

Question for all you guys/gals with experience…The HML said they will not likely finance us for any flip due to our lack of experience and the current market… They said they know lots of full-time REIs that cant sell a house right now so Buy and Hold is the only way to go.

I see you guys having success with it and am a little discouraged that a HML told me that. What, if any, are my options at this point.

Sorry for long post but look forward to any responses. Thanks.

]]> By: Mike Z http://buildbankroll.com/2010/04/march-2010-in-review/comment-page-1/#comment-498 Mike Z Sun, 11 Apr 2010 03:19:08 +0000 http://buildbankroll.com/?p=1007#comment-498 Closed 2 so far, Third one will close next week and I have my 4 one set to close at the end of the month. So far 1 a month. Just wish I had more cash as I am sure I could lock up more deals. To that end I will likely flip one of my properties in the next 60 days just to raise some cash. As you know I am a big time buy and hold guy but sometimes you just need to let one go so you can buy 3 more :-) Good Investing Closed 2 so far, Third one will close next week and I have my 4 one set to close at the end of the month. So far 1 a month. Just wish I had more cash as I am sure I could lock up more deals. To that end I will likely flip one of my properties in the next 60 days just to raise some cash. As you know I am a big time buy and hold guy but sometimes you just need to let one go so you can buy 3 more :-)
Good Investing

]]> By: qknic http://buildbankroll.com/2010/04/march-2010-in-review/comment-page-1/#comment-497 qknic Fri, 09 Apr 2010 23:32:36 +0000 http://buildbankroll.com/?p=1007#comment-497 Not much movement this past month. House 1 still for sale, house 2 near completion. (had permit issues that took forever). So once we get some buyers I will start the process of lookin for raw land to build on! so far so good Not much movement this past month. House 1 still for sale, house 2 near completion. (had permit issues that took forever). So once we get some buyers I will start the process of lookin for raw land to build on! so far so good

]]> By: Jennifer http://buildbankroll.com/2010/04/march-2010-in-review/comment-page-1/#comment-496 Jennifer Fri, 09 Apr 2010 18:04:10 +0000 http://buildbankroll.com/?p=1007#comment-496 I passed my CA real estate test on Monday, April 5th!!!! YAHOO!!!! Thanks for referring the crash course at Real Estate Trainers. It helped tremendously. One goal down, two more to go (2 more flips this year and get architect/plans for my own house). Congrats on all your success. It seems you will reach all of your goals! I passed my CA real estate test on Monday, April 5th!!!! YAHOO!!!! Thanks for referring the crash course at Real Estate Trainers. It helped tremendously. One goal down, two more to go (2 more flips this year and get architect/plans for my own house).

Congrats on all your success. It seems you will reach all of your goals!

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