אלהן חברים יקרים…
אלהן חברים יקרים
האם יש למישהו המלצות על hard money lender
קישור לפוסט המקורי בפייסבוק – עובד במחשב שולחני (לצפייה בפוסט יש להיות חברים שאושרו לפורום)
אלהן חברים יקרים
האם יש למישהו המלצות על hard money lender
קישור לפוסט המקורי בפייסבוק – עובד במחשב שולחני (לצפייה בפוסט יש להיות חברים שאושרו לפורום)
יש לי חלום – גרסת פורום נדל”ן ארה”ב : אֲנִי שָׂמֵחִ לְהִצְטָרֵף אֲלֵיכֶם הַיּוֹם, בַּמֶּה שֶׁיֵּרָשֵׁם בְּדִּבְרֵי הַיָּמִים כִּגְדֹּלַת הָהַפְגָּנוֹת לְמַעַן הָחֹפֶשׁ בְּתוֹלְדוֹת אֻמָּתֵנוּ. לִפְנֵי שנה וחצי, אֲמֶרִיקָאִי דָּגוּל (ישראלי לשעבר), אֲשֶׁר בְּצִלּוֹ נֶחֱסֶה כַּיּוֹם, חָתַם עַל דִּבֵּר הַדְּרוֹר. דִּבֵּר זֶה הוּא מַשּׂוּאַת אוֹר שֶׁל תִּקְוָה לְמִילְיוֹנֵי גמדים, עֲבָדִים כלכליים אֲשֶׁר נִכְווּ בְּכִיב מְשַׁוֵּעַ שֶׁל…
# Financing a New Construction Project with a Loan from an American Lender & a Real Deal Example – Noam Segal – Entrepreneur of the Week – Post 5+ 6 #EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction Hi everybody, Today I want to talk about getting a construction loan from an American lender.…
Financing a New Construction Project with a Loan from an American Lender & a Real Deal Example – Noam Segal – Entrepreneur of the Week – Post 5
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
Hi everybody,
Today I want to talk about getting a construction loan from an American lender.
Okay, so I’ll start by saying that this is a really not a simple process for an entrepreneur who does not have an SSN or an American partner.
If you are able to find a body that is willing to give a foreign investor a construction loan, the lender will want to check on you both financially and in terms of real estate experience for you. This will directly affect the terms of the loan he will be willing to give you.
In addition the lender will also require to check with the operating contractor,
He will ask for:
• His company name
• Contractor’s license
• Experience
• Examples of projects he has carried out in the last two.
He will ask you for tax returns from previous years, your and your company’s capital statement, a printout of your bank account and more.
After you go through this step you will need to view the project details:
• House data you want to build such as size, number of rooms, baths, parking and more
• Architectural plan of the house you will build.
• An orderly budget for all construction
• General insurance of the contractor
• BUILDER RISK specific insurance for the current project
• The lender will send an appraiser who will assess the value of the home after it is built.
After going through all this bureaucracy usually anyone who has over 20 percent in the company will need to sign the loan, if you are not in the US you will need to use a POA and apostille power of attorney or find an American notary in the country (there are a few).
The lender will never give you the full cost of the project usually between 70-80 percent and will require you to put your money first before he puts his money.
There is no doubt that the process can be exhausting and sometimes everything seems to fall apart (it happened to us several times especially during the Corona period due to bureaucratic matters) but when it succeeds it fundamentally changes the returns of the project.
Two other aspects that I really like to get loans for are:
• The lender is actually another layer of protection in my tests and usually the appraiser is pessimistic, we almost always sold well beyond his forecast. If the lender is willing to give money then the deal makes sense.
• The loan is never given in advance, the money you will receive is against the things actually done and the correlation to the budget you submitted to them. This is another way to monitor the contractor’s progress.
In the photos – one of the projects I did with a loan from an American lender.
In my next post I will give a numerical example of a project taken with an American loan without investors.
Continue reading on our site:
https://www.forumrealestateusa.com/2021/07/financing-construction-with-a-loan-from-an-american-lender-noam-segal/
my previous post I talked about conditions for getting a loan for entrepreneurs who do not have an SSN.
So as most of you know house prices have risen significantly and so have wood and various building materials.
Finding real improvement deals is not at all simple and within that also construction deals.
Today I will show you a real deal I made right at the beginning of Corona April 2020 and used a loan from an American private lender to carry out the construction.
The house is on a basement two stories above. House size 2634 SQ (without basement). There are 5 bedrooms and 3 bathrooms.
The price of the plot includes closing expenses – $ 61000
Construction price – $ 281500
Selling price – $ 420000
Brokerage expenses – $ 21000
Closing expenses (Tachles goes to the buyer’s mortgage) – 3500
Total profit – $ 53000
Continue reading on our site:
https://www.forumrealestateusa.com/2021/07/an-example-of-a-real-deal-with-numbers-noam-segal/
—————————————
If you are interested in Real Estate financing at the best rates for Foreign Nationals or Americans, we have an auction platform where hundreds of lenders compete on your loan!
www.NadlanCapitalGroup.com
Our YouTube Channel:
http://bit.ly/2GMQPB5
If you are interested in Real Estate Courses, Mentoring, Deal Analysis Report for a purchase you are about to do or an educational membership go to:
www.ForumRealEstateUSA.com
You can contact us on the site – we have more than 10,000 articles in 12 languages:
www.ForumRealEstateUSA.com
Or join the Facebook group –
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Contact Us At:
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Phone: 978-600-8229
Email: [email protected]
יזם חשׂבוע – פוסט מספר 3 Funding the deal! Now that we spoke about a few ways of how to source a deal now lets…
Hard Money – הלוואה מפוקפקת מהשוק האפור? ” הארד מאני ושוק אפורכאשר משקיע שומע את המילים Hard money lenders, האסוציאציה הראשונה שלרוב עולה לו בראש…
דיון על סינדיקציות, הגשמה וחברות נדלן שמשווקות לישראלים
הארד מאני ושוק אפור כאשר משקיע שומע את המילים Hard money lenders, האסוציאציה הראשונה שלרוב עולה לו בראש “מלווים מפוקפקים – שוק אפור”, שמנהלים את העסק שלהם בסמטאות אפלות בתשלום ריבית עושקת. אומנם, בשנים קודמות היו לא מעט גופים עבריינים שהתעסקו בהלוואות מסוג זה. עם זאת, בשנים האחרונות, הלוואות “הארד מאני” מפוקחות (רגולציה). למרבה המזל,…
שלום חברים, אני עושה פליפים בפילדלפיה ובנוסף, עובד כ- Direct hard money lender. אשמח לשתף אותכם מנסיוני הן בתחום הנדל”ן והן בתחום הארד מאני. אשתדל לתת טיפים קצרים שיכולים לחסוך לכם כסף וזמן. הארד מאני, פליפ, ומה שבינהם. ARV- After Repair Value הוא מושג בתחום הפליפים כאשר משקיע מעוניין לקחת מימון עבור פליפ, הוא לרוב…
יזם חשׂבוע – פוסט מספר 5 Hi Guys hope everyone is enjoying the holiday and my posts, to day i want to talk about Foreclosures…
יש להתחבר למערכת כדי לכתוב תגובה.
Nadlan Group provides the entire umbrella of solutions to the USA Real Estate investors – locals, or foreign nationals. We are lending brokers with hundred of lenders – we are doing an auction between all of the lenders to get you the best mortgage in the US – and all of our banks also works with Foreign Nationals. We have a Real Estate school and we are teaching Buy & Hold, Fix & Flip, Multi Family, Wholesaling, Land. AirBNB and more, we have a strong community of tens of thousands of people, a networking website and app, we run large Real Estate conventions & Expo’s, we provide marketing for Real Estate companies, and we are also builders for New Construction properties & run Multi family syndications. In Our financing company we also open Bank Accounts remotely without the need to fly to the US, open LLC’s & with our mortgage company we provide financing solutions for foreign nationals and Americans investing in the US real estate market. We offer personal guidance and an advanced auction platform to help clients secure the best financing offers from multiple entities. Our company also provides ongoing support until funding is received.
We donate 10% of all of our revenues.
Our American business partners and our multi-family property management companies have joined the list of the 5000 fastest-growing companies in America for the third year in a row
Our Companies:
www.NadlanForum.com – Our Main Site – Investors Social Network, Articles, Mentoring, Courses
www.NadlanCapitalGroup.com – Real Estate Financing for Foreign Investors and US Residents – Reverse Mortgage Auction to Get You the Best Quote
www.NadlanMarketing.com – Our Marketing Company for Real Estate Related Firms
www.NadlanUniversity.com – Live Real Estate Mentoring Program
www.NadlanCourse.com – Real Estate Pre-Recorded Course With 70+ Lectures
www.NadlanNewConstruction.www – New Construction Property Development across the US
www.NadlanInvest.com – Build Your Personal Investment Profile and Get Specified Deal Offerings
Nadlan.InvestNext.Com – Our Investment Portal for Multi-Family Syndications & New Construction Deals
www.NadlanDeals.com – Our Real Estate Deals Website
www.NadlanExpo.com – Our Yearly Nadlan Expo Convention
www.NadlanAnalyst.com – Order a Real Estate Analytical Report for Your Next Purchase to Make a Smart Investment
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מוזמן לדבר איתי בפרטי, יש לנו אחד מצויין.
כן. אני אוכל לטפל לך בזה עם הצעות מכמה לנדרים מצויינים. כמה מהר אתה צריך את הכסף? תכתוב לי בפרטי ואקדם לך את זה בשמחה
Residential or commercial?