Offlineare they good, terms ok. what do they require to do a loan. are they credit driven. were you satisfied with them. will you use them again
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has anyone used brookview financial
Posted on: Sun, 07/25/2010 - 14:26
are they good, terms ok. what do they require to do a loan. are they credit driven. were you satisfied with them. will you use them again
Robyn Thompson spoke at our REIC. She has used them almost since the beginning. They get how rehabs work. The loan is for purchase and renovation. There are no payments for six months because you have a non cash flowing asset.The interest is rolled into the loan. They will advise you on your deals because they want and need you to succeed. You apply one time. After that there is just a couple minutes of paperwork for each new deal. Robyn did seventeen deals the year before she started with Brookview. She did fifty the following year.She became a cash buyer with them behind her. Makes negotiating much easier. You have credibility.
They do want you to have some money to come on board. They suggested twenty thousand. That is one of my goals. To get signed up with them.
Call them or go on Robyn's site and get their CD. It explains everything.
" The only difference between me and successful people is they started before me."
by Shane
where is she located and what is her web address send that to on a PM.
How about a post instead of a pm so all can enjoy?
www.robynthompson.com
She is known as the 'Queen of Rehab'. She was a broke waitress who started with nothing and now she is a multi millionaire.
" The only difference between me and successful people is they started before me."
by Shane
Unless you have 25K sitting in a checking or savings account, or available on a HELOC for every 100K to borrow, it is not possible to use this company. I just got off the phone and they didn't care that my net worth is over $1M, they only cared what cash I have. Since I've sunk all my cash into RE, they are no good to me or anyone without large sums of cash sitting in the bank. AND they don't count money you receive from your self directed IRA, equity in property, land, loans on 401K plans available to you, or money from a promissory note even if the cash is sitting in an escrow or bank account.
AND you must have a credit score over 640, they will NOT loan to your business (even with business credit). ONLY after looking at those items do they look at your deal.
In other words, old school, you need money to make money in their eyes.