All Forum Posts by: Jordan L.

Thanks Mike and Ron, need to start networking and find someone to partner up with.

Wow Ron, Im watching your youtube math videos to pass my Real Estate Exam you have been such help, you and Kathy. I now understand the Math section clearly Debit to the Seller : ( Credit to Buyer : ) Didnt think I will find you on here! I really do want to stay away from the banks. I have a realtionship with a Credit Union in my area. Im trying to purchase my first rental property.

Congrats and cheers to many more

Thanks everyone, now my question is What if you get a traditional loan from one bank and then go to other bank to get a traditional loan for your next rental, will the limit still be 10 even though your loan is with different banks? Is it 10 overall? Or 10 with that one particular bank?

Do you just ask anyone? Or someone you trust?

What are the advantages for doing Creative Real Estate financing? If I can get a personal loan from a credit union to put a down deposit on a property, Is that consider Creative Financing? Can I have list of all the options for future reference. Thanks

I have been listening to most of the podcasts and I keep hearing that most of the investors say they have exhausted the way to get a traditional loan, What is the maximum amount? Can you ever max out a portfolio lender? What do they mean they have exhausted their options?

Wow,thank you so much. Where do you find the prospectus for Reits?

Living in an apartment, I was always so curious who owns this 300 unit building, so I went snooping around the net. The currents owners form a partnership/LLC to get a construction loan for this property 15 years ago. The loan is for 40 years, different stipulations. Too lengthy to put here. What’s fascinating was each company has their own entity and different percentage on the property. What I wanted to know is when you see these large skyscrapers and large buildings being built around your city/town, is this what usually happens, a couple groups of organizations get together and buy a large piece of property. It’s amazing what you will find on the internet. How does someone qualify for such a large loan? At the time the loan was for approx 12 million and they all contributed there portions. I would like to know has anyone on bigger pockets been apart such a massive joint venture/partnership purchasing a large building. I would love one day to be a partner in such a business deal. Taking baby steps now : )However, not sure what the expenses are but I know they made a profit. The property management also was a partner on the loan. Can someone give me the details on how Construction Loans work. I am just trying to gain knowledge for the future. Thanks

The site says 5%, last year it was 3%