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All Forum Posts by: Brady Fox

Brady Fox has started 2 posts and replied 3 times.

Post: MLO in Northern Virginia

Brady FoxPosted
  • Posts 3
  • Votes 3

Hi Joaquin, I wanted to get everything in place before I decided to start doing seller financing so I do not currently have any properties that I would want to use seller financing for, but I am currently working in the areas ranging from Stafford to Caroline County. 

Right now the structure I'm thinking of using is a 10 to 15 year fully amortized loan with an interest rate a couple of points higher than the rate I got for the house. I would need an MLO that would allow me to provide the loan through them for whatever fee we decide upon.

Post: MLO in Northern Virginia

Brady FoxPosted
  • Posts 3
  • Votes 3

Hi everyone! I am looking to start selling properties with seller financing in a month or two and wanted to see if anyone has a recommendation for an MLO in Northern Virginia that is willing to work with me so that I comply with Dodd-Frank. Thanks!

Post: Advice on Getting Started for a Recent Graduate

Brady FoxPosted
  • Posts 3
  • Votes 3

Hello Everyone! My name is Brady Fox, I am 23 years old, and I am working on getting started in real estate investing in the Stafford/Fredericksburg, Virginia area (about an hour south of DC). I have a steady job but, like everyone else, I would like to supplement my income and I love the flexibility of real estate. I have spent the last 3 months reading books and case studies, listening to podcasts, and I just submitted my inactive salesperson application. I do not have a specific deal type in mind and was planning on doing a case by case basis based on what would mutually help all parties involved equally. I believe I have a sufficient understanding of wholesaling, seller financing, BRRRR, et cetera to successfully complete a deal, but I wanted to see if there was anything specific that you would recommend I do before jumping in. I also was curious as to what point you would create an entity for an investing business. I am in the process of developing a Carrot website since I am expecting it to take a couple of months to gain a foothold, but have been hesitant to publish it since I technically do not have a business to name yet. Thank you in advance, I am very excited join this community.