All Forum Posts by: Carlos Ptriawan

Thank you everyone for your responses and advice!

@Michael Baum and @Carlos Ptriawan these are good questions to ask. Luckily it is fee simple and I would need to read up on the HOA by-laws. It looks like a lot of the owners use an outside PM or self-manage from what I can tell on Airbnb.

@Sarah Kensinger and @Andrew Steffens thank you for the referrals! 

@Carson McGee thank you for the message!

@Bryan Vukelich thank you for the information! I will keep you in mind!

 China essentially owns its people though. The US is and should be different, respecting people's needs to have plentiful employment so they can pay for their own places to live, support their families, etc.

Agreed that being able to buy at bottom is better than at the "top".  Do note I made no mention of FOMO or insinuating irrational purchasing.  There are deals in every market cycle.

Good on you for being able to time the bottom of the housing market. Please educate all Realtors on how to do so, so we can avoid giving bad advice.

....."time in market beats timing the market"

Another bit of technology forced upon us that is detrimental to our wellbeing. Why do we need to adapt? We should fight it, to be honest.

As the broker of Investing N Florida, I frequently encounter clients who prefer to wait for interest rates to decrease before purchasing a home. With your experience, would you recommend buying a home now at a higher interest rate with a $100K price reduction in a buyer's market, or waiting 6 months for lower interest rates and the potential return of bidding wars?

Hi everyone,

I manage 2 Airbnb's (one in Orlando and one in San Diego) but now I'm interested in buying a condo in Waikiki located in their resort zone which allows short-term rentals in Oahu. Does anyone have an opinion of the Marine Surf Waikiki condominiums on Seaside Ave? I like how it has parking included and is close to the International Market for shopping, although it is an older building like many of the hotels in Waikiki. I'm also interested in finding an investor friendly realtor in Oahu.

Thanks!

Tiffany

Actual Questions I’ve Been Asked by Borrowers/Brokers

1. My client is worth over a billion dollars. How quickly can you make him a $25,000 loan?

2. Do you lend 150% of appraised value?

3. How much down payment do I need to borrow how much?

4. Why would you want a first lien when you can have a second?

5. Your website says you’re a hard money lender. Are you familiar with hard money lending?

6. What credit score do I need to qualify for a no credit score loan?

7. I applied for a spot in a mobile home park and was rejected. Can you lend me the money to buy the park?

8. I saw your ad with Zsa Zsa Gabor, do I get the 10% discount for mentioning it?

9. I need to buy a property and leave closing with cash in my pocket. Which of your loan products meet that requirement?

10. Before I fill out a loan application I need to know if you care what kind of dog I have?

@Basit Siddiqi

Simple answer is get an attorney to read all the offering documents and start communicating with the sponsor. Otherwise you are going to be at the mercy of getting information when the sponsor deems fit - anytime something like this happens - does not matter who the sponsor is you need to have an attorney on speed dial and get them involved and advising what to do and make sure you are agressive not passive

I have seen someone who was afraid to file a lawsuit end up at the back of the line and if they would have taken everyone’s advice they would have gotten close to their $250k back but instead they got zero.

 do not forget - can I borrow for the closing costs as well? I just took a course that says you can do this!