All Forum Posts by: Armando Alvarez

@Stephen Akindona I’m planning on using CrestCore. I’ll ask about the master insurance policy. Thanks for the suggestion!

Hi All,

I'm about to close on a SFH in Memphis, TN that's currently occupied. Does anybody have any suggestions on insurance companies in the area to use?

Thanks,

Armando

@Chris Coon

The conclusion I came to was that there were too many red flags for me to pursue with this lending institution. Their website gave little information, the phone number never worked, and the individual’s email that reached out to me was just an outlook account. On top of that, the application she sent over was a very poorly put together file with numerous spelling and grammar mistakes. Additionally, the terms provided to me seemed almost too good to be true. Lastly, the only individuals that would vouch for this lender through bigger pockets had accounts created either the same day I’d made this post or the same week (my hunch told me they were fake accounts). One of them was even deleted shortly after reaching out to me.

One or a few of these may have been okay. But it was just too many red flags for me to be comfortable enough moving forward.

Hope this helps.

Thanks,

Armando

Hi Everyone,

Have any of you ever worked with Killian Financials for hard money lending? I can't seem to find much information on the company (including reviews) so was hoping some of you could vouch for them. Feel free to PM me!

Thanks,

Armando

Hi All,

I’m working on investing in Memphis, TN as an out of state investor from California. However, I’m in need of a vetted hard money lender. Does anybody have an good recommendations?

Thanks,

Armando

Hey All,

I'm needing a lender that will service in the Memphis, TN area.  I don't have a property yet - will be investing in single family homes - but want to have a lender lined up for the anticipated refinance before going forward with any deals. Do any of you have recommendations/referrals for lenders that have less than a 6 month seasoning period? I'll be paying cash for the purchase and rehab, and want to refinance afterward to pull out the investment (or as much as possible). Appreciate the feedback!

Thanks,

Armando

@Geordy Rostad

Those are some great points - thanks! I’ll try looking into some meetings near me.

Hey All,

I’m getting into real estate investing and want to start by BRRRRing from out of state. I can buy a fairly distressed property with my own cash, but don’t have the cash to do an effective rehab. However, I could do the rehab if I get conventional financing with 20% down. I’m having difficulty finding a partner to bring in additional cash, so am considering doing this.

My question - has anybody out there done a successful BRRRR this way?

Thanks,

Armando

Hey All,

Has anybody used CrestCore Realty in Memphis? For deal finding, property managing, or perhaps both? Just curious what your experience has been with them.

Thanks,

Armando

Hey Ben,

I'm in a very similar situation as you, except I'm renting in LA - didn't make much sense to me to invest in RE by buying. The mortgage payment would've been steeper than the rent I pay! Instead I've saved up that money I would've put into my own home and am venturing out to invest in Memphis, looking to BRRRR. I think you're making a good decision looking out of state. Good luck!

Armando