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All Forum Posts by: Chad M.

Chad M. has started 2 posts and replied 6 times.

Thanks @Mike Burkett ! This has been really helpful. I'd like to jump to MF for my next deal if possible. Since I'm self funding this, a 30 year full amortized loan seems like a good move, rather than risking extended costs and rate hikes in five years. 

Great info, Kevin. Really appreciate it :) definitely PM me.

Thanks Joe, appreciate the reply :)

Hey BP!! I'm relatively new to real estate investing and ready to scale up. I currently have two single family homes in Denton TX (both cash flowing) and looking to buy a multi-unit property in the coming months. 

Instead of working with larger more traditional lenders, I thought building a longterm partnership with a smaller local bank would help build my empire faster and more efficiently. This is what I'm being offered: 

  • "We will finance 80% of the purchase price or appraised price, whichever is the lesser. We can finance out to 20 years .Rate will be determined based on credit score, and loan amount. Rate is good for 60 month, and then there will be a 5 year rate adjustment"

This doesn't seem like a good deal, and wanted to get thoughts from the community before I engaged again with this particular lender. Whatcha think?

Post: Investing in Nebraska

Chad M.Posted
  • Posts 6
  • Votes 1

Hey Josh! Yes!! Lincoln is definitely on my radar. Would love to know more

Post: Investing in Nebraska

Chad M.Posted
  • Posts 6
  • Votes 1

Hey BP! I'm relatively new to investing, and have two cash flowing single family properties in TX. I'd like to start adding more multi-family units to my portfolio and wanted to expand into Nebraska. My entire family is from there, and I love the area. I'm looking for a real estate agent (familiar with investing or an investor themselves ) and lender in the Omaha area. Any links or intel would be much appreciated :)