All Forum Posts by: Christian Esparza

Hello Everyone, 

I recently got my MLO license and I am having some trouble generating leads. I have tried cold calling, but minimal luck. I am assuming the leads are just pretty bad. I am debating whether or not to buy "exclusive" leads, but have not heard the best things in regards to buying leads. I am grateful for any advice you all would be able to provide me with. I am located in LA/OC area.

Thank you everyone for the valuable information. I will implementing these techniques in the near future to get my RE Investment career going. 

Also, does anyone have any ideas on how I can meet some of the bigger realtors and RE Investors in the area? I am located in the OC/LA area. I have had some success with meeting Investors via meets up I haven't been able to meet too many. Does anyone know how else I can meet them and offer my help to them?

Good Morning Everyone,

I am interested in flipping home and would like to know if anyone has any tips regarding what I can do to make this possible. I am attempting to do this with the minimum capital required. I have looked into wholesaling homes which  I am open to. I recently started working in mortgages so I have somewhat of an understanding of how flipping works, but would like to get info from some seasoned veterans on here. Thank you all for any feedback you may be able to provide.

By REIG are you referring to Real Estate Investing Groups? I have joined a few within the last few days. I will be sure to interact more with individuals on there today and moving forward. Anyone have any other ideas for generating loans?

I did not look for an application fee as I was not aware that those existed. I did see a few who were offering 100% of the funding including the rehab on the property, but when I spoke to them on the phone and checked out their website/reviews it seemed a bit sketchy.

I have found a few who will offer a loan with 10% down, but it's typically for investors whom they have already worked for. Many of them are asking for around 25-30% for first time investors, which is understandable, but I live in LA/OC area. Homes in these areas (even fixer uppers) tend to be on the expensive side. Most fixer uppers cost around 250-300k which would require a down payment of close to 100,000 with a HML. Anyone have any ideas as to what I can do to get a lower down payment or other creative ways of structuring deals where less money is required.

Thank you all for any help you can provide. 

Hello Everyone,

I recently got my license to become a Mortgage Loan Originator. I have been working with a broker for a couple months now. I am interested in getting into real estate investing, specifically to do rehabs and flips with the ultimate goal of buying homes to keep as rental property. I have a few questions:
1. Does anyone know the best ways of generating leads as an MLO? I have been cold calling and trying to build relationships with realtors in the area. It has been working okay, but nothing too great.
2. Hard money loans for flips: I have found quite a few lenders that provide hard money loans with a down payment of 10%. I was wondering if anyone knows of any legit lenders who provide hard money loans with a smaller down payment? I have found a few companies that claim to provide 100% of funding for the home and the rehabs, but the companies seem sketchy. Also, I am sure it's possible to get a hard money loan with a smaller down payment, but I am assuming it is only for those people whom have experience and who they have already worked with.
3. I know a few people who do rehabs and flips, but they tend to be very limited with the information they provide, which is understandable since I would be competition for them.

I am extremely thankful for any information anyone may be able to provide!