Answers to XXXXX X XXXXXX

 

If you ask me what I want and how long I need the loan that would only answer one question at a time.

What is below will help you some, but there are extenuating circumstances.  I have started loan programs where I can't live in the house.  Ok I can accomodate that, but it is not what I want.  I have guys who say they are working on loans and I can live in the house.

I have finally gotten HUD to write me an interpretation on reverse mortgages because believe it or not that can work for the beginning but four different FHA lenders and 7 total reps cannot give me  three similar definitions of why I have to wait a year to pay off the $35,000 loan.  

Finally, I know this morning that I don't,  But, I don't know if I will get any movement.

I have several different needs.  I think I know some of what you do, but I don't know if I am even on the right track.  You have asked me some questions that I have different answers for depending on what you meant.

I am not just looking for one loan.  I am looking for one loan first.  But, I could be building tomorrow on the lots that can be built on now.  For those I need some portion of the construction loan.  

Self-Directed IRAs have worked perfectly for that for me for decades.  I didn't pay an interest rate over time because these were neglected IRAs that doctors and attorneys and had not contributed to.  

So, I offered them a fee that made them more money than interest and made it fun.  I never had anyone who didn't roll over to do the next one.  The Self-Directed IRA put up money to buy lots and construction loans and the Trustee chosen did their part, I did mine and when I closed the sale of the house I would email or phone the beneficiary and tell him how much he made and that he needed to call his trustee.  They always put the money back in to do another one.

You do things that sound like that, but it might not reallly even be close.

Can you carve out some time to visit about what you do and what I do so we can get a better idea of what might fit.  I can't get a lender to order an appraisal.  When I say I'm going to pay for my own they always try to stop me.  I had a bank that made me a 7% LTV  It helped with some urgent matters, but I thought if I perfornmed they might go further.  Nope.

 They said they wanted me as their customer  That isn't what they wanted.  They wanted me to somehow get going for $35000 and when I sold a house I would send them my buyer for a home loan.  I'm not going to send them anything.  I have several needs, but they go in a straight line.  I have never had trouble doing anything that I could dream up.  

Now, I am on my 3rd year of setting up the exact same thing I have done dozens of times, but, there are gaps in the trail.  Anyway, I have to jump on something else.  I just took that website and published some things I would change if I knew what you want from the deal  

Not me.  What do you do that I can adapt to?  I am about to ruin my credit for the 3rd time in a year and a half.  My bank payment is all I owe.  I never met a banker that wouldn't cover both of our asses if it was easy.  A 7% loan to value and I did everything I said I would cheaper than I said.  I sent them weekly reports.  Now they are my problem.

If you don't have time to talk about what you like to do in a deal, I understand that.  Maybe another deal another time.  But, I feel like I can fit in what you do.  But, I am not feeling like I get it.

All of the photos and proformas you were looking for are in the two sites.  But, I have opened it up more.  Just remember that this was all written for different things people wanted over more than 4 years. This is a set of notes. 

I may have thought of another way.  Or I have accomplished something.  So I was going to bring it up to date when I understood.  If you see something let me know.  I really would like to figure out your way.  You do what you do every day.  I don't know if I have a handle on it or not.  

Danny Hammond



  • Boulevard at Eagle Bay, LLC this is your company correct?  Answer.  Yes.  It is a clean LLC that has done no business but holding the properties.  I bought the big house, small house and 
I am the Broker/Owner of Bouldevard Real Estate, LC  Reg MO SOS 1999

The new clean LLC was done for several reasons.   But, the most obvious is that it has no other business history.


  • 205K =56% of LTV of what asset? Paperwood?   Yes.  
Address of big house;  28336 Paperwood Drive, Lincoln, MO 65338

legal description of the big house.   lots 15&16; Block 33; Plat 5 Eagle Bay a subdivision in Benton County Missouri according the the recorded plats thereof

The existing Free and Clear Properties Purchased with Cash in 2011


Lots 6, 7, 8, 12, 13, 14, 15, 16, 17, 18, and 19, Block 33, PLAT 5 of EAGLE BAY, a
subdivision in Benton County, Missouri, according to the recorded plat thereof.




    • 60k to rebuild smaller home correct?
      • Please address
      • Do you have  appraisal  of ARV once completed No.
      • Area Comps to support the sale of $130,000                 Yes
      • Photos ?  PHOTOS AND SCOPE OF WORK SEE LINK JUST BELOW
      • Scope of Work
      • SEE LINK JUST BELOW
https://blvdfinance.blogspot.com/2022/03/rehab-and-remodeling-costs-for-two.html


    • 60K for remodel of larger home correct?
      • Please provide address
      • Do you have appraisal of ARV once completed
      • Area Comps
      • Photos
      • Scope of Work

    • 50K for the 100 lot bundle payoff .
      • Please provide a few parcel numbers
  • How long are you needing the funds?