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All Forum Posts by: Adrienne Herrenbruck

Adrienne Herrenbruck has started 4 posts and replied 14 times.

Quote from @Lawrence Potts:

 Commercial lending is pretty tight right now, it’s hard to find loans for some assets. Would they consider carrying the note or sub2? 


 Unfortunately, no. We were hoping to go this route initially.

Quote from @Bjorn Ahlblad:

@Adrienne Herrenbruck look up top and you will see 'Network' select that and the second from the top is 'Mortgage Lenders'. See if you can get some clarity from folks there. You can also search the site for lenders (members). I think some of those folk could do some legwork-it would be in their best interest.


 Thanks for the tip!

I'm looking to buy my first commercial property.  It's two small lots, one with a building currently renting and one with a currently rented parking lot.  I'm having a hard time getting answers from lenders on what type of loan we may use for the property.  It seems like muddy waters.  Do I have to have a commercial loan?  Since it's only one unit per lot can I get a conventional loan? 

I'm well qualified financially for the purchase but am having a hard time getting started with my funding options.  Any help is appreciated by this newbie!

My husband and I plan to be there!

Post: New to Charleston and Mount Pleasant, SC

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8

@John Cohen  Sounds great!  Looking forward to meeting up at some point!

Post: New to Charleston and Mount Pleasant, SC

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8

@Jay Hinrichs thanks for the encouragement!  I'm super excited to be here and to start our investing! @Troy Gandee thanks for the invite!  I'd love to meet up and get networking with other investors, agents, brokers, etc.  As for the multifamily, I know it's going to be a hard one to find.  We'd be happy with a duplex, or even a finished/separate FROG.  Basically, we're looking to house hack for a while.

@Rachel Nunes I'd love to meet up!  I'll shoot you a message and we'll grab a coffee :)

Post: New to Charleston and Mount Pleasant, SC

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8

Hey All, I'm not actually new to BP, but have moved to Charleston, SC and specifically the Mount Pleasant area.  I'd love to meet other investors in the area and see how we may be able to help one another, and if nothing else, to encourage one another in our goals.  Currently I'm looking for a small multifamily in Old Mount Pleasant or Sullivan's Island.

Looking forward to meeting y'all!

Post: Need a realtor/prop mgt company to help place a new tenant

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8

Hey Matthew,

My husband and I are investors in the Mount Pleasant area and although we aren't licensed as property managers (working on that!) we do manage are own properties and may be able to help.  Touch base with me if you still need some help!

Adrienne

Post: Looking for CPA in Charleston, SC

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8
Thanks for all the referrals! I will definitely check them all out!

Post: Looking for CPA in Charleston, SC

Adrienne HerrenbruckPosted
  • Investor
  • Thomasville, NC
  • Posts 14
  • Votes 8
Thanks, Christopher! I'll look into them.