All Forum Posts by: Carlos Handler

Currently in escrow and the house came appraise 50,000 lower than the offer. The seller will budge and is sticking to the price. He wants me to come up with another 50,000 which I don’t have it in that sure what to do with the situation, probably gonna have to end up canceling.

Is there private money lenders that will be silent as 2nd mortgage for downpayment? I’m trying to do fix and hold properties. Where can I find them? I need to come up with 20%. Thank you! 

Hi Kerry 

thank yOu for your help! Where would I be able to find this information that in Missouri my California lender doesn’t need to be certified for hard money loans. Is that the case in Illinois and Indiana? Or where can I find this information. Thank you! 

Thank you everyone for your help! I had no idea I could continue working with my current lender. I didn’t know in Missouri and Illinois you don’t need to be certified in those states for hard money loans. 

Hi Everyone! I’ve been more active on this forum lately. Looking to sell my 10 homes and take my money to invest in Missouri, Illinois, area. 
All my homes are in California, I've been extremely fortunate to have a wonderful broker who does private & hard money loans and conventional. If I had the 20% down payment he would say let's go. I would like to find someone like him who is a certified lender in Missouri and Illinois and can do private/ hard money and conventional DSCR loans. Thanks for your help in advance!

Maybe what I need is to connect with an investor in the Missouri/ Arkansas area. I have a great broker in California who does hard money and regular loans and DSCR. I need to connect with some like that. I think sooner is better. I have put my homes up for sale.

Hi Dustin,

I have never heard of an asset loan? Just looked it up. Do you do these? Let’s connect.

Hi everyone! I need some help. I have a few options. I’m thinking about selling 10 properties in Southern California. Im not sure if they would even sell. 

Option 2 would be to get a blanket loan on all the properties and take out the equity on them. Has anyone done this before? Does anyone know any lender that does this? 

I would like to take my funds and invest out of state. Missouri, Arkansas 

thank you in advance! -Carlos 

I’m definitely open to the idea of a partner and  or mentor. I had money prior to Covid and I purchased as much as I could during the time and now I’m lost. I just don’t know the next move. I decided to sell a property. It’s listed at $699k and I owe $440. I’m prob being negative but I can’t see it selling. I’m breaking even. The rent pays the mortgage for on all homes and my primary, secondary and my mother in laws home. 

thank you to everybody! This is all really good advice and information I never would’ve thought of. I would love to take some money and go out of state. I just wouldn’t know what markets are good in multifamily and are growing. I guess what I probably need as a mentor because the more I think about it, the more inexperienced I am, in all this. BiggerPockets, is a great in Community.