All Forum Posts by: Coty Dolan

Yes! 100%

Thank you, everyone, for the responses. Yes I agree about being better as flip.

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Hello @Eylan Dilworth, I myself Invest in Hillsborough County (Tampa...) and Pinellas County (St. Petersburg, Clearwater...)

First off since you are young why not travel around different parts of the country and check them out, see where you want to live and where you might like to invest in, and guess what, they do not  have to be the same Town, County, or even State!

I live in California and Invest in Florida, this can easily be done with some upfront self-education and due diligence. KNOW YOUR MARKET, KNOW YOUR MARKET, KNOW YOUR MARKET. I know this id redundant and you will hear it everywhere in REI, but it is true. My job as a Realtor in CA requires me to know everything about my market to be a kickass agent, I know and understand the Tampa market just as well as I do my sales market on the Central Coast of California.

Along with the market, you need a process, a team, and so on. The more knowledge and support (your team) you have the more confident you can be investing anywhere. 

I would suggest reading David Green's Books "Long-Distance Real Estate Investing" and "Buy, Rehab, Rent, Refinance, Repeat"

I hope any off that helps and good luck.

...If you are interested in the Tampa Market DM me 

Hello @Evelyn Castillo, from what I have seen during this time as both an agent and investor is that lending rates have gone down but lending seems to be a bit harder to obtain. If your lending is squared away GO FOR IT! I submitted two offers this weekend, take advantage of this volatile time, there's going to be some good deals out there right now. 

Awesome! great to hear success stories, congratulations @Jon K.! I just had a similar experience obtaining the loan when the HML changed terms last minute and I had to scramble a bit.

Best wishes on future success

I have a great Investor friendly agent in the Hillsborough & Pinellas County area. DM me if you would like their information  

Just start reading books. 

Hello everyone, I hope all is well during these wild times.

So I wanted to start a discussion and see what everyone experiences have; been trying too, failing too, and successfully obtaining Hard Money Lending right now, during the COVID-19 outbreak and stock market hiccup? 

I have seen one lender stop lending across all their loan types, another lender increased rates from 8% to 11.99%...

How has it been for everyone else? I still have confidence in obtaining lending, preferable Hard Money, but I am feeling a little heat because I just submitted 2 offers.

Appreciate all response, Thank you 

@Lawrence M. the two different loans are both owner-occupied loans. You can move out after a year with either, but there will be more hassle with moving out as an owner occupant with the VA loan.

No problem!