All Forum Posts by: Tarik Turner

I may actually be able to help you in this area. I have a friend who is selling 3 properties in the JC area a total of around 22 units for well below market value shoot me a pm and i'll explain

Not really in agreement with the previous statement .. 

All lenders really want is their money. The headache of taking over a property especially smaller fix and flips isn't what the lender is signing up for if they actually fund your deals. 

Some lenders that I know, in a case of default would rather sell the note than take over the property. 

Hello @Lauren Minkoff I am a commercial loan broker in the NY area and you can use a portfolio lender for buy and hold properties. They typically come in less than a hard money lender but more than a conventional lender. Feel free to pm me with any questions

There can typically be an application fee and some lenders actually do charge a due diligence fee which will cover the inspection appraisal and legal fees 

Points should always be taken directly out of the loan 

I've done some wholesaling and now I am on the private money side. 

Feel free to stay in contact and Good luck on future deals. 

(btw I would definitely like to take a stab at that pronunciation)

sounds like fortune builder to me... shoot me a pm and I will send you my email for future networking

If going the non conventional loan route....Usually 20-25% of the deal will get it done in most cases. find something that meats those parameters and you should be on your way 

Whew As obvious as it seems i've seen some crazy financial reports on people looking to get funding

is that $150.00 or 150K

I maybe providing a solution for a problem not in question, but I always suggest to start off with more than a single family investment property. The path to 100% vacancy is to clear cut. Unless you have solid reserves my suggestion is start out with at least a 3 family