All Forum Posts by: Arron Paulino

 I see what you mean. So are you struggling to get your draws? Or getting the loan approved? 

Fix and flip should take no more than 21 days to get approved. 

You didn't mention how you are sourcing properties.

This will be a big key to your ongoing growth and success.

Too many investors are only buying off the MLS and think getting a property at 5-10% below asking price is a "good deal".

The reality is that a "good deal" is one that meets your investment goals. So, offer that price or less, not anything based upon what the seller is asking.

@Arron Paulino

Congrats on your early success! Appreciate the detailed post. 

That's very interesting. My parents have an SFR in Memphis and it was fire damaged as well. Luckily insurance basically gave them a brand new house.

In my eyes, you do not "need" to do anything. If you're OK with your strategy and the issues that seem to arise with it, then chugging ahead may make complete sense for you. 

If your overall goal is to match or exceed your W2 income without having to think about it, then putting managers in place and maybe even paying off your rentals is what comes to mind for me. 

If you were to sell your properties and 1031 into a multifamily asset, that could be an interesting option as well. 

I'm sorry you had some bad experiences with a few individuals - never fun! 

What's up Arron, I'm a broker and property manager here in NorCal (100+ listings on Airbnb).  

Congrats to you for the aggressive growth strategy, and for having the clarity of mind to learn a lesson instead of get discouraged and quit. 

I think your story highlights the importance of working with trusted partners. When you're dealing with such sensitive transactions, your partners will make or break a deal. 

If you're thinking of selling off properties to consolidate, you should look at each one individually from an equity standpoint and consider what you'll be doing with the proceeds. 1031 into something closer to home? A lot of my clients right now are coming to Sacramento from other areas, mostly Bay Area investors. 

Congratulations on getting started in the rental world. If you’re trying to operate your portfolio from far, I really don’t see this being sustainable. I would partner with a management company that can be your eyes and ears locally. Some can help refer you to lenders and contractors. 

@Arron Paulino

The more experience and pipeline of deals, the better the terms. It will be important to cross the threshold above 5 and show your exits. But if your deal is in a solid metro, the deal + rehab pencils and you have credit 700+ and liquidity private money is available.I'd love to talk more, Sending you a DM.

@Arron Paulino

The more experience and pipeline of deals, the better the terms. It will be important to cross the threshold above 5 and show your exits. But if your deal is in a solid metro, the deal + rehab pencils and you have credit 700+ and liquidity private money is available.I'd love to talk more, Sending you a DM.

@Arron Paulinofollowing !

Thank you for sharing your experience and your goals for expanding your real estate portfolio. It's a smart move to explore fix and flips for generating additional income and gaining valuable experience in real estate investing.

Regarding your question, yes, your experience can certainly play a significant role in improving the terms, leverage, and rates you can secure from hard money lenders. We are a bit different, as we recognize the value of your expertise and look beyond just the last 3 years for qualification.

Notably, we also take into account your rental experience for qualifications on fix and flip loans, which is unique in the industry. Your ability to manage rental properties successfully can enhance your profile and potentially lead to more favorable terms. We believe in tailoring our lending solutions to your individual circumstances and leveraging your skills and history as an investor.

Feel free to reach out, and we can discuss how your experience can work to your advantage when it comes to your fix and flip ventures. We're here to support your real estate goals and ensure you have the best possible financing options. Looking forward to helping you succeed!