All Forum Posts by: Andrew Jones

Thank you for the advice. We're from California and still new here in Iowa. Do you know of any REIA's or any other real estate investing meetups in Iowa?

We never worked with a private lender before. We would like some honest real life experience/reviews from anyone that has worked with this company. 

Has anyone ever heard of or did business with Breclaw Lenders? We've been looking for a Private Lender to fund one of our projects but we never worked with a private lender before. We came across this company https://www.breclawlenders.com/ and we would appreciate any advice or feedback that any has to offer. Thank you. 

My Dad is was the one that was trying to access the equity in the Davenport Iowa property. So they said his DTI was not good.

Thank you for the advice. The property is in my name and my dad's name. The property is my primary residence but it is not my dad's primary residence. We have another property that is in both of are names that he lives in as his primary residence. So quick breakdown is:

Property #1 is in Davenport Iowa
Valued around $140k
we owe around $47k
This property is owned by my dad and I
This property is my primary but not my dad's primary.
This is the property I wish to access the equity from.

Property #2 is in California
This property is also owned by my dad and I
This property is my dad's primary but not my primary.
We do not have any plans to do anything with this property at the moment.

We have a property that is worth around $140,000 and we owe around $45,000 on the property. We tried to get a HELOC but the bank denied us because our debt to income ratio and credit score were not good. Any advice on how we can access the equity in our property?

 Ok, where  are the REIA meetups and/or Real Estate investor meetups held in Black Hawk County?

Is there anyone with ground up build experience that is interested in partnering up with us for a project in Davenport Iowa? We own a church and a single family home on one parcel in Davenport Iowa. The church building is old and is starting to fall apart, so the property is currently red tagged now. So we are currently working on separating the parcels so that the single family home has its own parcel and the church has its own parcel. Then we would like to knock down the church and build a duplex on this parcel. We've talked to a few lenders and since this will be our first ground up construction project, they told us that we need to have someone with ground up build experience to also be loan with us. If you are interested in partnering up with us please let us know. Also we would appreciate any advice or help. Thank you.

Does anyone know if there are REIA meetups and/or Real Estate investor meetups in Iowa, preferably in Scott County Iowa? We are looking to network with private lenders and other real estate investors in Iowa.

 Thank you I appreciate all of your advice. Ya your right, after going over all the numbers the loan from the hard money lender wouldn't work. We're not sure what to do now.