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All Forum Posts by: Tarik Turner

Tarik Turner has started 12 posts and replied 1053 times.

Post: New Member from New York City

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

Welcome to BP 

Post: First Buy and Hold Success

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

Congrats much success to you

Post: Hard Money lender needed for property in northern VA

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363
just shot you an email. Seems like something you can do at 85% purchase and 100 rehab

Post: Portfolio Lender needed - Outer Banks / Kitty Hawk / Currituck NC

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

What would the purchase price and ARV be on the deal.

How soon do you need to close?

Post: New York Nightmare Market???

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

There are success stories everywhere but If you can't find one great that means there is room to create your own. NYC is usually more of a long term investment city but there are deals. I know a wholesaler who made 100k after having a property under contract in Brooklyn for less than 24 hours 

Post: Becoming a hard money lender - lending my own money and investors

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

I am a broker for commercial lending here in the NY/NJ area, I would be interested in hearing more about your plans for becoming a lender. 

Shoot me a pm

Post: Private lender needed for rehab project

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

Sounds doable from a numbers stand point. 

Is it in an LLC?

Also how is your credit score and PFS looking

Post: Secondary Source of Repayment - Always Required?

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

Typically the lender just wants to see a certain % of cash in reserves and a history of making payments as well as equity in a deal in order to feel comfortable funding (Along with other criteria obviously) 

Id love to speak more in detail shoot me a pm 

Post: NYC/NJ buyer's agent recommendations

Tarik TurnerPosted
  • Lender
  • Hackensack, NJ
  • Posts 1,150
  • Votes 363

Long Island and NJ maybe good places to expand your list to as well.