All Forum Posts by: Brandon Hotopp

Awesome thanks for the help guys . I really appreciate it. I've thought about getting my RE license lately and I've looked into schools and stuff but the money I'd have to spend before I make my first closing is a bit too much . I might just get it for the perks and not go into a real estate company. I know I'm going to get into real estate and it's going to work for me but I need a mentor . Would anyone be willing to mentor me and help me close some deals ?

Chris M. I'd love to use this on my next personal home . Do banks advertise these ? And how much could I borrow ? Is there a minimum amount of time I have to be in the house before I could sell it ?

How about the rates ?

Not that I need to close same day I understand that isn't likely but I need EM to secure the house with the company . Let's forget about the original question for a bit . What are some good places to network with other investors . I've tried "investors" meetings and so far I keep getting sucked into sales pitches and no real investors . What are some things I need to know before I go out searching for lenders ? What are some good things to talk about ?

I work with a wholesale company and its basically first come first serve . Whoever has the money in their office first gets the deals . They find great houses for 65-70% below ARV . The numbers work. I just need to be able to get them the money fast. Even if I don't use them and go with another wholesaler id like to know the money is there . What can I do to better my relationships with private money lenders . I've looked into HML and I dont have the points available that they need to secure financing . I appreciate all the tips .

Up to you . If you wanted to split it 50/50 you can write it up like that . Or if you want to borrow the money for 12%APY you can do that to . It's however you want to structure it . Just make sure to write a business agreement up and keep it legal . Money ruins relationships faster than anything else.

I've lost 2 fantastic deals because I couldn't get the funding in time . How do I find a private money lender who could work same day transactions and build rapport with . I'm thinking about adding an equity partner or going in on a project together . How would you guys and gals recommend I search for and connect with private money lenders ?

It's hard to find too much information on the community reinvestment act . Has anyone used it before and how does it work ? What are the terms and rates ? Does it go off of credit ? How can I apply for some CRA funds? So many questions and no answers . Thanks in advance for your help.

It's hard to find too much information on the community reinvestment act . Has anyone used it before and how does it work ? What are the terms and rates ? Does it go off of credit ? How can I apply for some CRA funds? So many questions and no answers . Thanks in advance for your help.

easier to evict her by throwing her stuff outside and changing the locks than going through the eviction process and let her stay in the house while you do it .