All Forum Posts by: Chad Brey

I'm starting to purchase SFR's and multi units here. When vetting deals, does anyone use DCR/BER calculators when doing their due diligence? Do investors still consider loan constants, spreads, etc. as part of their equations when calculating how much debt financing to use in their portfolio (as opposed to equity partners)?

Just curious.

Which one has made more of a down turn here in the past year, fix n' flips or BRRRRs? 

The Creature from Jeckyll Island also give some pretty good insight. 

Good point Jon S, especially the last sentence. 

Has anyone read Robert Kiyosaki's new(er) book, Second Chance? Big eye opener to what you guys are talking about. All the big economists, including Kiyosaki, are talking about the next major economic downturn happening between 2017 - 2019. Everyone is saying to prepare...buy primary and secondary assets (resources, land, precious metals, real estate, ownership in businesses that produce those resources, etc.), and stay away from tertiary assets (stocks, bonds, 401(k)'s, etc). 

My business partners and I are doing the former. 

Keep your eyes open for the warning signs...

If there is a US Bank out near you that might be an option. Last time I heard (from one of our borrowers) they're pretty good about that. Then again, this was at the beginning of this year. 

@Brian Huang,

Hi Brian! You'll definitely get a well spring of information here. You might make a friend or two as well. 

Amen! 

Most private lenders (at least the ones that I network with) are asset based. Credit score is a plus, but not top priority. As long as the lender's name goes on the deed of trust during the life of the loan, you're good to go. If you are working with a lender for the very first time however, they might be a little nervous if credit score and personal finances are horrible. 50% LTV is pretty good though.

Alexander is right, most banks (or even private lenders) won't lend that small of an amount due in part to the low built-in equity on a ~ 70%LTV loan on 50K. We typically would not loan that low either, but you could try Tina Jones at homelifecapital.com. She is a private lender that lends on all sorts of loan amounts all over the country.

Hope this helps.