All Forum Posts by: Isaac Jordan

Good morning BP fam,

Seeking lender recommendations that are well versed for the following loan products:

• HELOC
• DSCR Loans
• Cash-Out Refi

I'm interested in potentially doing a HELOC on a property that I own and using the proceeds towards a DSCR Loan for the next property. I'm curious if there are any lenders that have a property sheet that include DSCR loan approved properties or if you have a system to fast track underwriting property specs within having to writing each property individually.

Thank you for your recommendations and insight in advance!

Best regards,

I'm needing a CRE lender well versed for warehouse space for an owner/user preferably with Chase bank. Open to any recommendations and suggestions.

Sidenote: Open to other CRE lenders well versed in other asset classes for other investors. 

Thank you in advance! 

 Thank you for the input Ben! Much obliged. 

Thank you for the input. I appreciate it. 

Thank you for the kind words! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $600,000
Cash invested: $108,000

First SFR Buy/hold. Renting all inclusive fully furnished.

What made you interested in investing in this type of deal?

Unique property

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Made repairs and renovated the home with modern finishes and furnishings.

What was the outcome?

Created more cash flow than anticipated.

Lessons learned? Challenges?

Know your exit and budget accordingly.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself but if I wasn't licensed I would work with someone who is an expert in your area and invests in real estate themselves. An agent who invests in properties will have a better understanding of what to look out for and be able to guide your better.

Happy to hear any insights, things to look out for and experiences to leasing to a business or LLC. We have an applicant that is wanting to lease through their company and use the property for their employees when in town. The only drawback I see is if the tenant were to do an Airbnb or STR. Let me know your thoughts. Thank you in advance.

I'm currently looking for a dedicated full-time admin or VA to handle the day to day tasks so I can focus on scaling the business. Interested in hearing the experiences you've had on certain VA companies, etc. Looking for someone that is attentive and/or a company that tracts work, well versed in real estate, contracts, etc. The things I'm most in need to delegate.

- Emails

- Text Messages

- Answering Calls

- Social Media Messages / Comments / Engagement

- Content Creation

Thank you all for your tips and suggestions. 

Best regards,


Isaac

Thank you for the great information. I'll check on this tomorrow.

Good evening All,

I have a property that I am looking to sell by offering owner's financing.
The remaining mortgage balance will be paid at closing by the buyer and the remainder that we've agreed will be offered as owner finance. Terms: 25% Down Payment Wired To Seller At Closing | 3 Year Term at 6% Interest Amortized | First Payment Due 04/01/2023 | No Prepayment Penalty

I've read on some threads but most date back 10 years and in different areas and most of my research has shown various pricing and/or will only service large portfolios. My main goal are to ensure that I have proper reporting in the event of a default to ensure I have no legal issues regain possession, and of course have an advocate to collect payment. 

I'm located in Atlanta, Georgia. Interested to hear your thoughts as well as any recommendations. Thank you in advance. 

-Isaac