All Forum Posts by: Alex Bekeza

Should be able to close this up with hard money in 10 days.  I've sent you a little more info via private message.

All the best, 

This all sounds pretty scary. Calculating ARV does not require thousands of dollars. Nor should due diligence from a lender unless your talking huge distressed property deals or 10 + units.

Do not ever pay up front fees other than a BPO or an appraisal.....

I've seen a few lenders who have had to come on BP and try to do some damage control like this...

I have zero experience with Do Hard Money so I can issue no critique. Only thing I can say is that you should only pay a lender when they fund your deal.  Period.  

Nothing looks alarming to me.  Especially if you are a first time investor.  Would you mind revealing the lending institution?

I've sent you a private message regarding financing for Mobile Home Parks in CA.  I noticed that investors have had a very hard time getting MH parks financed so I went and created relationships with several lenders who specialize in it.  

All the best, 

Investors with previous Fix and Flip experience can now get 80% LTV + 100% of renovations financed!

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Reach out today and lets discuss your current or near future flipping scenario!

All the best,

@loans_by_alex

@Mike Sands Well if you bought it for $9k and its a wreck then there's not lender that will touch it. I'd look into some 0% APR for the first 18 months Credit Cards but it sounds like the amount of money you're looking for is too small for most hard money lenders to want to get involved with.

I could be wrong.... dig through the hard money lender database on this site and see if someone does this in your area.  Its under the "network" tab.  

Best of luck on this project!

@Mike Sands You can absolutely do a cash out refinance and use the proceeds to renovate the property.  

@Francisco Sanchez

I've private messaged you some information on multi family financing in NY.  Hope to hear from you soon.

All the best,

With dozens of lenders within our database, we can confidently offer custom tailored financing on SFR 1-4s, Multifamily 5 + Units, Mixed-Use, and Commercial properties.

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(Make sure you shoot me a message so I know the questionnaire came from a bigger pockets user)

Feel free to email me any questions to [email protected] 

All the best,

Alex Bekeza     @loans_by_alex

@Dmitriy Fomichenko is the ultimate resource for all 401k questions pertaining to real estate endeavors.  Any thoughts Mr. Fomichenko?