All Forum Posts by: Benjamin Lapidus

Jesal,

A couple of experienced folks in the Texas arena are @Joe Fairless and @David Thompson.  They both offered me loads of great advice when I first started buying 4 years ago.  Interestingly enough, they're both going to be at the Best Ever Real Estate Investing Conference next month in Denver, CO.

Happy dealing!
Ben

@Taylor L. and @Mark Mascia on your list of people to meet.  They are acquisition extraordinaires!

@Sam Wilson @Taylor L. would love to know from you guys what would make this conference a killer event for you.  Who do you want to meet?  What are you looking to walk away with?

@Reed Goossens you know I sure will! @Brie Schmidt @Kathy Fettke and I, among others will be hitting Breckenridge that Sunday!

@John Riggs looking forward to meeting a fellow Denverite and my attorney wife will be glad to have good company!  Have you looked at out of state markets for that first deal? @Marco Santarelli could definitely hook you up with tons of education and a turnkey investment!

@John Jacobus you're coming from a stellar money market!  After living in NYC for 5 years, 14 of my largest investors come from that city.  You'll be a guy to meet!

15 New Attendees in the last 2 days!  Folks from CO Springs, Denver, Fort Collins, Texas, Tennessee, North Carolina, California, Ohio, and New York!  Every name I google gets me even more pumped!

@Joe Fairless, that puts at 15 states and 3 countries!  

@Dan B. While there is nothing like the opportunity to network and be in the zone with a few hundred other like minded folks, select sessions will be available online a couple of weeks after the event.

@Joe Fairless thanks for the shoutout!  Excited to meet all of the speakers in person after so many awesome phone calls.

As someone who's transacted on over 50 units I hit a ceiling with the standard rental model given today's market.  So I wanted to hear what's working from a broad range of experts in their respective fields to help me scale or pivot my business.

That was the impetus for this event, and I'm so excited to share it with everyone else who has already signed up.  It's going to be an action-packed 2 days!

@J. Martin would love to connect with you in the middle of your adventures when you have a free early morning and a WiFi connection over in Asia!

Hi BP,

I have a local bank that has historically offered me a cash out ReFi with the following terms:

5.75%
25 am
10/1 arm
75% LTV
2 Points
No seasoning on title

The bank has recently been acquired by another bank and is no longer investing in this asset class. I have 2 outstanding SFR's that need to be refinanced ("exit financing").

Does anyone have any contacts in Richmond, VA or nationwide lenders that can offer close to if not equal or better than the terms above?

Ben

Hi BP,

I have a local bank that has historically offered me a cash out ReFi with the following terms:

5.75%
25 am
10/1 arm
75% LTV
2 Points
No seasoning on title

The bank has recently been acquired by another bank and is no longer investing in this asset class. I have 2 outstanding SFR's that need to be refinanced ("exit financing").

Does anyone have any contacts in Richmond, VA or nationwide lenders that can offer close to if not equal or better than the terms above?

Ben

Hi Chetta,

If the property is on the MLS, the historical property taxes are typically listed on zillow, trulia, and other sites. If you search for the address you should be able to find the exact taxes that you would be charged. If that doesn't work, all taxes are recorded with the town and have to be made public, so you should be able to find them through a government site online.

Good luck!

Ben