All Forum Posts by: Drew Cameron

Realtors and LO's. Besides word of mouth what are you doing for leads? I'm looking to do some facebook ads for prequals. Have any of you done this before and if so what were the results?

@Jessica Stevenson

I was looking for some local ones on BP, but didn’t see much. I found one tonight at a bar in Nashua on meetup, but I’m a little on the fence about it because my mom is high risk and I’m helping renovate her place at the moment. I’ll probably ultimately wind up going though just to meet some investors here.

@Dan Milinazzo Hi there. I’m a relative newbie on the investing side with a few wholesales and one flip under my belt. I was working in Scottsdale prior to Covid as a server and sommelier before my life got flipped upside down a bit. With the loss of my job came a lot of time to learn new skills so I decided to go all in on real estate and get my loan officer license. My journey brought me back to my home state where I’m currently in the process of brrrring my mother’s house in Merrimack, NH. I’m licensed in Maine, NH, Mass and Florida soon to be the rest of New England.

Hi everyone.  I'm a wholesaler, flipper, and newly minted loan officer looking to meet some likeminded people in and around my home state of  New Hampshire. I've been in Arizona the last 14 years and looking to learn some new faces as I learn a new market. 

My mom is getting old and without my help won't be able to retire on her own. She is working from home and unhappy with current conditions. Here are the numbers: she owes 90K left on her house mortgage is 1050/monthly. Market rent for a 4/2 in her neighborhood is 2500/monthly. The house needs about 50K rehab to get to market conditions including full 2 bath remodels, all new kitchen appliances and cabinets, new flooring the entire second floor, and a bunch of landscaping work. The house is 1800 sq feet and would sell for about 315K.

I'm thinking I can do the majority of the easy stuff while I'm out of work and get the rehab budget closer to 30K. I recently got hired as a loan officer and will be licensed shortly to handle a refi for the rehab budget. The original plan was to keep and rent it out while getting her into a duplex. Now I'm thinking maybe walking with close to 100K and buying 2 multifamily homes might be a better option for her to retire soon. This is in southern NH where the market is pretty expensive so 100K doesn't go very far. My mother makes roughly 45K a year so I don't think she can handle two loans at once without a cosigner and I have no income at the moment. Thoughts?

I'm looking to get a new job as a mortgage loan officer. Is it worth it to take the license exam prior to applying for jobs or better to have them train me?

I have been in the hospitality industry for 16 years and all of my adult life. This pandemic has slammed the earning potential in half at best while being underinsured and exposed to Covid 19.

I’m looking at getting involved with real estate for a full time job as well as side hustle through house hacking. Are there any loan officers on here that have any advice on how to get in the business? I applied at quicken loans and haven’t heard anything back. I’m potentially interested in taking an online NMLS license test if it will speed up the job hunting. Any advice will be appreciated. Thanks in advance.

@Drew Y. Yes sleep is important. It sounds like you have a good thing going. I wouldn’t change anything.....especially the name.

With your buy and  holds are you utilizing the brrr method? It seems like a way to increase cash flow and equity even more as you're an experienced flipper.

@Yuriy Skripnichenko Maybe it is time for me to look into an LLC. I was planning on starting one later on down the road, but if I can get more capital than I'll look into it now.