|Posted by Dana Leigh on June 24, 2015 at 11:55 AM|
Ken and Dana were very helpful throughout this whole process. They established an immediate rapport upon introducing themselves to me after I have placed and inquiry on CI. My confidence in them continued to build every day since we've started.
They coached and followed up just like you expect the 'guru coaches' to do but it never happens. You're left to figure things out for yourself and hope that you get it right. Ken and Dana were true partners in this process.
My first deal was refinancing a rehab project, they were able lower the cost of capital for me by 25% and get better terms. I was able to get cash out of the rehab based on the increased values($30K when purchased, current as-is value $110K) from the work already done. That will allow me to complete the project and still realize a notable profit. There were a lot of twist and turns in getting to close but they were able to help me navigate through the obstacle course.
The second deal that we are currently finishing(we close on this Friday) had even more complexities but again Ken and Dana's expertise never failed. Not only will I lower my capital costs but I also will come of the deal with two properties free and clear worth about $40-60K. I am looking forward to many more deals and being to grow my business much faster and more effectively because of their influence.
Thanks Ken and Dana! Thanks CI for providing the platform to make the connection!
-Channing Hobson, Ohio REI
Categories: Creative Financing for Your Real Estate