Analysis Paralysis Escaped!!

[Ryan Weikle]

After years of studying real estate, reading books, listening to countless BP Podcasts and "running numbers" on everything I came across, I finally close on my first deal tomorrow! A quick background is that I am self employed as a property manager for my grandads rentals as well as manage books for him and my fathers construction company, Sons of Seibert Builders, inc. I recently got my real estate license as well so being self employed, I no longer have a W2 job that the banks like to see nor do I have 2 years worth of self employment records. Needless to say, it was difficult to find a lender. I finally got in touch with Barbara Phillips, a commercial lender at City National Bank in Lewisburg and she approved me right away for a commercial loan. I decided to start the property off as a short term rental and if that doesn't perform how I anticipate, then it will become a long term rental. On top of that, I am already looking at another deal and plan to make an offer on it this evening. Big Mo is in full effect!