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All Forum Posts by: Anderson S.

Anderson S. has started 12 posts and replied 187 times.

Post: looking for a lender who provide financing for an assisted living facility

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

Based on the information you provided, I wanted to better understand what you're looking for? Do you need a loan to purchase the assisted living facility? Will it need to be renovated? Are you looking to pull equity from your current properties for this loan?

Post: DSCR financing for multiple cabins in Hocking Hills

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

We aren't local to Ohio, but we're very experienced at DSCR loans. There's some other information needed but I'd love to help you with this.

Post: The Basics of Real Estate Investing for Beginners

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world." — Franklin D. Roosevelt

Real estate investing—sounds thrilling, doesn’t it? 

For many, it’s a gateway to financial freedom, while for others, it's a method to diversify their investment portfolio. The catch? It can be overwhelming for beginners. But here’s the truth: once you understand the basics, real estate investing becomes an exciting opportunity filled with potential.

Let’s break down the essentials, clear away the confusion, and help you take those first steps with confidence. Whether you're looking to build long-term wealth or dip your toes into short-term investments, real estate can be your golden ticket. Ready? Let’s get started.

Mastering Key Terms

Real Estate Investment: Your financial springboard. When you invest in real estate, you're not just buying property—you’re buying an opportunity to grow your wealth. Each piece of land, house, or commercial building is a tool in your financial toolkit.

ROI (Return on Investment): Think of it as your scorecard. ROI measures how well your investment is performing. Simply put, the higher the ROI, the more money you're making. Sounds like a win, right?

Cash Flow: Your monthly reward. It’s the money left over after you’ve paid all expenses. Positive cash flow means the property is working for you, generating income every month.

Equity: This is your ownership, and it grows over time. Each mortgage payment chips away at your loan, increasing your equity—the part of the property you fully own.

Appreciation: The secret weapon of real estate. Over time, property values tend to rise. That means the home you bought for $200,000 today might be worth much more in the future. Sit back, and let time work its magic.

Leverage: Borrowing smart. With real estate, you don’t need to pay the entire price upfront. Leverage allows you to use a mortgage to finance your purchase, which magnifies your buying power.

Choosing the Right Investment Strategy

The beauty of real estate investing? It’s flexible. Whether you want to hold properties for decades or flip them within months, there’s a strategy for you.

Long-Term Buy and Hold: Perfect for building wealth over time. Buy a property, rent it out, and watch both your cash flow and equity grow. With the right approach, this strategy can lead to financial independence.

Fix and Flip: Got a knack for renovations? This strategy involves purchasing undervalued homes, fixing them up, and selling them for a profit. But beware: success depends on careful budgeting and reliable contractors.

Wholesaling: More of a deal-maker than a renovator? Wholesaling is about finding properties, securing contracts, and selling those contracts to other investors. You don’t even need to own the property—you’re simply connecting the dots for a fee.

REITs (Real Estate Investment Trusts): Want the benefits of real estate investing without the hands-on work? REITs allow you to invest in real estate without buying physical properties. It’s like buying stock in a company but for real estate.

Starting your real estate journey can be daunting, but with a little guidance, you can navigate this world like a pro.

  1. Set Clear Goals: Are you looking for long-term cash flow, or do you want quick profits? Define your goals upfront, and they will guide every decision you make.
  2. Research Your Market: Every location is different. Study the market in your area—know the local trends, property values, and economic conditions. The more informed you are, the better decisions you’ll make.
  3. Secure Your Financing: Don’t just rely on traditional mortgages. Explore options like private lending or partnerships. Your financial strategy is just as important as finding the right property.
  4. Build a Reliable Team: Real estate is a team sport. Connect with a solid real estate agent, trustworthy contractors, and knowledgeable attorneys. Their expertise will save you time, money, and headaches.
  5. Don’t Skip the Inspections: A professional home inspection is a must. The last thing you want is unexpected repairs eating into your profits. Get that foundation, roof, and plumbing checked thoroughly.

Ready to Dive In?

There you have it—a crash course in real estate investing. The world of property investment can be intimidating, but with the right knowledge, it's a powerful tool for building wealth. Whether you’re buying, holding, flipping, or renting, it’s about making informed decisions, understanding the risks, and staying focused on your financial goals.

So, grab your notepad, start your research, and get ready to explore the possibilities. You’ve got this!

Post: Self fund first property or get loan?

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49
Quote from @Shawn Nofziger:

My wife and I are both six figure earners. We have the means to self fund two to four properties off the bat.  I know there are pros and cons to each side of this question but is it better to self fund your first deal or to put a down payment for a real estate investment loan? What seems to be the overall consensus on this question? And if the answer is well it depends, what does it depend on?

And my apologies I should have prefaced this by saying I am very new with all of this and am trying to put together a roadmap and plan for where I want to go with everything. I love that there is a forum for being able to ask questions like this in and get a great responses back. I really appreciate it

So it depends on your goals. If you have a lot of liquid cash + high credit score, it could be beneficial to use a loan (to keep yourself liquid) and then repay quickly. It's really hard to give financial advice without having a full idea of what you're trying to do (fix and flip, buy and hold etc). BUT let's find time to connect!

Post: Hard money lenders who have you used?

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

You're already in the right place Wendy. Terms are usually based on the deal, and your overall profile. DM me for more information if you want to chat!

Post: Hard Money Lending Questions

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

You'll want to know what the costs to close, what their points are, and what their repayment schedule looks like. I'd also check around Bigger Pockets and other platforms for reviews. How can we help though Caleb?

Post: First Time Hard Money Loan

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

Firstly Eli, you're in the right place! Let's chat, we work with first time investors all the time - however, I'd say an immediate next step is to identify the property you want to purchase, and determine both it's value and how much will be needed to repair it. Let's talk some more we can help!

Post: Why Brooklyn Funding Group Should Be Your Hard Money Lender

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

In the fast-paced, competitive world of real estate, having the right financing partner can make all the difference. Brooklyn Funding Group is redefining private lending by offering investors, homebuyers, and developers the resources, expertise, and flexibility they need to thrive in today’s market. Whether you’re a seasoned investor looking to scale, a first-time flipper ready to dive in, or a landlord building a portfolio, we’re here to turn your real estate ambitions into reality.

What We Offer

At Brooklyn Funding Group, we specialize in private lending solutions that cater to diverse needs, including:

* Fix-and-Flip Financing: Empowering investors to transform distressed properties into profitable ventures.

* Bridge Loans: Short-term funding designed to help you seize time-sensitive opportunities.

* Long-Term Rental Loans: Supporting buy-and-hold investors in building sustainable rental portfolios.

* New Construction Loans: Assisting developers with the capital to create stunning new properties.

Our team works tirelessly to structure deals that align with your unique objectives, ensuring you have the financial flexibility to execute your vision.

What Sets Us Apart?

We're more than a lender—we’re a partner invested in your success. Our mission is to simplify financing, provide personalized solutions, and help you seize opportunities when they arise in four ways.

1) Speed You Can Count On: In real estate, time kills deals. We’ve designed our funding process to work as quickly as you do. From pre-approval to disbursement, our team ensures you never lose out on a property due to delays.

2) Flexibility Built for Investors: Unlike traditional lenders who often have rigid terms and strict requirements, we specialize in crafting solutions that fit your unique goals. Whether you need a short-term bridge loan to close a deal or long-term financing for a rental property, we’ve got you covered.

3) Expertise You Can Trust: With decades of experience in real estate financing, we bring deep industry insights to the table. We don’t just fund deals—we provide guidance and strategies to maximize your investment’s potential.

5) Investor-Centric Approach: Unlike traditional lenders, we understand the challenges real estate investors face and provide solutions tailored for maximum profitability​​.

Our Process

Our streamlined lending process is built to provide speed, transparency, and simplicity:

Application and Pre-Approval: Submit your deal details and receive quick feedback on eligibility.

Customized Terms: Our experts will craft loan terms designed around your specific project needs.

Fast Funding: Once approved, funds are disbursed quickly so you can focus on your investment.

Ongoing Support: We don’t just fund deals; we partner with you to ensure your success.

Why Choose Us?

Real estate success isn’t just about finding the right properties—it’s about having the right financial partner to help you act quickly, think strategically, and stay ahead of the competition. Whether it’s securing capital for a first home, financing a property flip, or building a rental portfolio, we ensure your success. Here’s why so many investors trust Brooklyn Funding Group:

Tailored Solutions: Whether you’re flipping, renting, or building, our financing adapts to your strategy.

Market Insights: Our team stays ahead of trends to provide you with the tools to capitalize on changing market conditions.

Reliability: We’ve earned a reputation for delivering what we promise—on time, every time.

Investing in real estate shouldn’t be daunting. With Brooklyn Funding Group, you can move forward with confidence, knowing you have a dedicated partner invested in your success.

Post: New Mortgage Broker Specializing in Investor-Friendly Loans

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49

We'd love to connect with you - we're lenders and always looking for brokers.

Post: BRRR Strategy - 1st Time Buyer

Anderson S.
Posted
  • Lender
  • Brooklyn, NY
  • Posts 195
  • Votes 49
Quote from @William Pichardo:

Hi Everyone,

I've been saving up and now have over $150k in liquid funds. I'm looking to get into the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy but want to build a strong team and could use some guidance. Any tips or advice would be greatly appreciated!


Hi William, we're right across the water in Brooklyn! We'd love to connect with you!