All Forum Posts by: Alex Ng

I was wondering if joining  a wholesale company is worth it to get access to the best deals. I always wanted to be my own boss and I felt it would be unfair if I joined a wholesale company and eventually started my own company.

Hi, so I have a subject to under contract. I was thinking of letting it go and wholesaling to someone else. How would it work? The title/escrow company has already been chosen. Do I just add the wholesale contract on top and send it to the escrow?  I do have a wholesaler wholesaling me the deal and I will in turn wholesale to another person. I have permission.

I know it is dangerous to HELOC a subto deal. I was wondering if there are other ways to liquidate some equity and put it to use to buy more properties. Can I collateralize my subto deal to be able to tap into the equity and acquire liquid cash in order to buy more property? What other ways could I use the equity in a subto deal?

Hi, I'm looking to start a new gator lending business. Has anyone had any success with Gator lending? What are some ways to protect myself in a gator transaction? I'm hoping to build a network of wholesalers that are reliable that I can consistently lend to for transactions. What tips would you have for someone starting out? What is the best way to learn?

I BRRRR SFH. I'm hoping to start BRRRRing my first multifam.

Hi im looking to scale my RE portfolio. I've been wanting to raise capital but its not easy finding lenders. How should I best find private lenders who would offer 8% annualized with payment after? 

Subto has entry fees. I would like to use private lenders to cover these fees so I can scale higher. I know they can enter second lien position. However, how would it be structured? Would I pay the lender off over time? is there some type of balloon payment? How would I structure a lender to handle the entry fees?

Hi im looking to house hack a primary residence. However I only have 1 year of tax returns. I have my other year but I barely made any money. I'm wondering if there are any lenders that would still allow 1 year tax returns. Im looking to get in at 3% down on a fixer 2-4 unit, do rehab and increase 20% equity to remove PMI. I also own other investment properties but I have not been a landlord for 2 years yet. Can I still count it as income?

I'm looking to buy a fixer duplex in order to rehab and househack. I only have one 1099 form. Would lenders make an exception with this? What can I do in order to qualify?

I was looking to BRRRR properties, eventually financing them into my LLC. I was wondeirng if I can do DSCR loans for 30 years? I heard that LLCs cannot get 30 year fixed loans. If so, are there other ways to get 30 year fixed?