All Forum Posts by: Jon S.

We need an appraiser familiar with subject to valuations.  Needs to be really good and really fast.  Please PM me with any recommendations.  Thank you!

Hey Brandt,

I definitely remember meeting you.  Appreciate you reaching out.  I will PM you for her contact information.

Jon

@James Perez.....glad I could help.  I am happy to assist in any way as you evaluate options.  Don't hesitate to reach out.  Looks like you are right up the road from us in Plano as well!  

Jon

Hard money is an option for investors primarily for these reasons:

Ease of Use

- Most hard money lenders have minimal requirements in terms of documentation, credit, and experience.  You can qualify quickly and get through the loan process very easily.  Very different than a traditional loan.

Speed

- This is a huge factor.  If you need to close a deal in 3-5 days, HMLs are a great option.  The market is really crazy right now and being able to close quickly is a big plus for seller.

Limit Cash Required to Close

- If you are being asked to put 10%-20% into a deal by a hard money lender, you should continue to evaluate options. There are many lenders out there willing to finance 100% of cost...even to new investors. The asset is a primary factor in terms of risk mitigation, so make sure you look at all components of the quote you get.

Rates, fees, and points vary.  Good news is there a ton of options.  Just make sure you work through all components before pulling the trigger.  Everyone should be able to quickly provide an accurate estimate for cash to close, monthly payment, and an overall breakdown of costs for any deal you are evaluating.

Hope this helps.

js

Just shot you a note...thx

Hello everyone. Longhorn is a hard money lender and we are moving into the Nashville area next month. A colleague and I will be in town on July 19th – July 21st.

I am interested in meeting with investors, wholesalers, realtors, etc. in an effort to learn more about market capital needs, the market as a whole, and explore partnership opportunities.

Please reply if you are interested in meeting. Thank you!

Jon Shipley

We are interested in Nashville as a potential new market.  Can anyone provide insight into this area for real estate investing and lending?  I would be interested in learning more.  Thank you.

Anything really. REI sales, loans, total homes being leased, whatever. I can't seem to find anything, so whatever is out there would be a good start.

Does anyone have a good source for Real Estate Investments stats by market?  I can find a lot of retail stats, but nothing on investment properties.  I'm actually not sure it can be tracked effectively, but thought I would see what others have come across.  Thanks in advance!

Welcome!