We have owned and operated a number of successful real estate based business over the past 25 years in the areas of retail, industrial, office and single family residential. Among the affiliated companies are Mull Properties and RSM Properties, which owns and operates a HomeVestors franchise office in Oklahoma City, Oklahoma.
HomeVestors is better known by its slogan, "We Buy Ugly Houses". Through the HomeVestors brand, Mull Properties and RSM Properties have purchased over 650 houses in the OKC area. The OKC HomeVestors office has been consistently ranked in the top 20 HomeVestors franchise offices in the USA. Mull Properties and RSM Properties own and manage 137 rental units in the OKC area.
HomeVestors is better known by its slogan, "We Buy Ugly Houses". Through the HomeVestors brand, Mull Properties and RSM Properties have purchased over 650 houses in the OKC area. The OKC HomeVestors office has been consistently ranked in the top 20 HomeVestors franchise offices in the USA. Mull Properties and RSM Properties own and manage 137 rental units in the OKC area.
Services
We are looking for general business experience and a tri-merged credit score of 700. It helps if you also have real estate experience, especially in fixing and flipping houses. You need to have approximately $25,000 of cash or immediately available credit for your project's out-of-pocket expenses. If this is the first time you have done business with us, you will need to authorize a background check and individual credit report.
Do you have a minimum of $25,000 cash or immediately available credit on hand (for a small project), or $50,000 on hand (for a large project)? Do you have an entity, such as an LLC, corporation, or partnership with which to purchase the property? Do you have experience in flipping houses, or, are you working with an experienced project manager?
Is the property located in an area where you may visit it frequently, to check on its progress? Are you buying directly from the owner or record; or, are you buying from a "wholesaler" (i.e., middleman) who is charging an assignment fee which causes your deal to be marginal? RMAC Lending scrutinizes these deals.
RMAC Lending will no longer make a loan to you as an individual. You must form an entity such as a limited liability company, corporation or partnership and use that entity to purchase property. RMAC Lending will then make the acquisition and rehab loan to that entity. We make loans through this web site to rehabbers and landlords for business purposes ONLY.
I LOVED working with RMAC Lending. I was referred by a friend and my experience was the best despite the horror stories, I have heard when dealing with other hard money lenders. I will definitely do business again with RMAC Lending. Rich - Thanks for taking time out of your busy schedule to discuss your company's services.
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