All Forum Posts by: David T.

Hey BP!

I need to find a good carpet guy in Atlanta. Anyone got a recommendation and how much psf I should expect to pay?

Thanks!

@Roslyn Bazile,

How many lenders have you spoken with already and what time period did you ask for in the terms of the loan.?

Cash is cash. That means immediate access to your funds without giving any notice to anyone other than yourself. 

Aron makes a few good points. Your best move now might be to attend a local REIA meeting and ask for advice. Good luck with your deal!

Very complex investing, you really need to understand it. Can be very rewarding to a strong pre purchase diligence. Specialist area, whatever else anyone wants to tell you, so sharpen yer pencil and good luck!

Some are very low here. A lot would have to do with how you present your deal and your experience. 

Lowest I have seen in Atlanta (with other lenders) this year is 13% plus 3 points for relatively experienced investors. 

2014 best was 11.5% plus 2 points for $450k deal in December, a seasoned borrower. Calif and Texas seem to be very competitive.

The best of luck with your deals!

With the relaunch of your website, we have been working on this document and still wonder did we get everything covered?

http://affinityg.com/ultimate-borrowers-guide-hard...

Feed back on this would be a big help, thanks BP!

It's pretty much a policy decision. Are you going to monitor the properties and fix the stuff before it happens or wait for the crisis call?

So you sound like you got your stuff together? Let me ask you does do you have a policy on maintenance? In other words, are you going to be proactive on the preventative side or management by crisis?

The most important thing you need to know about this situation is that the more effort you put into nurturing your investments, the better your return - and security. Investing and nurturing go hand in hand and you can't be a successful investor without working at it and time becomes your currency. 

The more hands off you are with any kind of investing, the higher the risk and slimmer your return. 

Your second most important decision is security and third is actual ROI.

That's my 2 cents worth which is exactly 2% of a dollar.

Best of luck with it!