All Forum Posts by: Alex Bekeza

@Harold Robinson Very nice transformation.  How did you finance the purchase/rehab?

There are way too many great ones out there to list here.  There are a lot of “smaller” pages that provide great breakdowns of the project but a few people I’d give a shout out too would  be 

@Antoine Martel (martelantoine)

Fixfliprepeat

tysondelacruz

indarlange

Cory.nemoto

jakeleicht

varoinc 

There’s a start but Like I said there are way too many.  

I'm looking forward to seeing all of you there.  Start getting your questions ready to put me and @Sasha Mohammedin the hot seat!  

My goal is to have everyone in the room feel one step closer to either their first financed property or the best financing experience they've had to date.  We'll be prepared to discuss a wide range of funding options as we curate loans from over 80 different lending institutions.  We're hoping to field questions from first time investors all the way up to clients with 10+ mortgages looking for where to turn next. 

Whether you have questions about financing SFRs, 2-4 units, 5+ Units, Mixed-use, Commercial, Industrial, Retail or even Mobile Home Parks we'll be ready to discuss how a lender looks at the scenario based on the borrower vs. property.  Purchase, Refinance, and Debt consolidation questions are all welcome.

@David Oldenburg Seems like you need someone who understands that they're dealing with an experienced investor and you need to cut out the lengthy "get to know you" process.

There are lines of credit available where you could go ahead and purchase cash and then REFI out at 90% to free up your capital and move onto the next purchase while you work on the rehab.  It does take 2-3 weeks to unlock the capital but seems like it could be similar to what you're looking for.  

Interest is lower than 10% and origination points are 2 MAX w/ no minimum dollar amount in origination like a lot of HMLs.  $50k loan minimum.  Line is set for 5x your total liquid assets. 

Feel free to reach out anytime.  

Fix and Flip LOC Explainer Video!

All Cash Buyer?  We'll Refi you at 90% to get you your cash back and move on to the next deal!

Use Hard Money?  We'll beat their rates/leverage everyday of the week.

Send me an email with FIX AND FLIP LOC in the subject line and someone on my team will reach out to you shortly.

@Vadim Babets Looks great inside, I like the kitchen.  I sent you a PM w/ some lower cost/lower pressure financing to consider for the next deal. 

All the best, 

Watch this Fix and Flip LOC video explainer!

Fix and Flip Line of Credit Youtube Video

@Joe Splitrock Correct.  I mentioned the Dakotas because of population.  I really cannot originate a commercial mortgage in a town of less than 25k people or within 25 miles of a town with 100k people. In these types of towns, a local bank's commercial department might be the best bet.  Detroit/Chicago/Flint because of local economics.  I should have distinguished. 

I'm not an expert as to why this is the case but many lenders list the same small list of states on the list where they don't lend.  Most common you'll find ND, SD, TN, UT and VT.  I believe TN is considered a "brick and mortar" state meaning you'll need a physical presence in that state to lend there.  I'd like to learn more about why these states get blacklisted by national wholesale lenders but I'm assuming its just a bunch of red tape that makes it tough to do business.  

@Jay Hinrichs I think table funding is very interesting.  Not something I've done myself though.  Maybe someday.  Perhaps I'll reach out for some advice when I reach that cross road.   

@Jay Hinrichs I originate a good amount of commercial mortgages nationwide myself.  I never say 50 states because nobody wants to lend money in places like the Dakotas, Detroit, Flint, and a few other places with super tight lending laws like Utah and TN.  I'm only licensed in California but like you said many national wholesale lenders as well as hard money lenders will allow you to originate under their license.  A few of these lenders don't even have retail divisions meaning the only way they issue loans is via brokers.  

I feel like I provide value even to those people too far to meet in person because their typical "mortgage guy" in town has been doing this forever (too long) and has no idea what's going on in the Non QM and investor world.  

Some of my best clients live across the country from me and we work together on a consistent basis.  I will say it is possible to build trust through transparency and good communication.