All Forum Posts by: Frank Alfano

Thanks for the response and for sharing the article, River! It was really insightful, especially the part about how DSCR loans offer shorter seasoning periods and more flexible qualification requirements compared to conventional financing.

I'm currently focused on scaling into 6+ unit multifamily properties in New Jersey using the BRRR strategy. Pairing hard money loans for acquisition/rehab with DSCR loans for refinance seems like a strong approach to keep the momentum going.

Do you typically fund multifamily properties in New Jersey? Also, I'd be curious to hear what terms you typically offer (interest rates, LTV, and seasoning requirements) for these types of deals. Thanks for the insights—it's helpful to see how others are making this strategy work!

 Thank you!

Thanks for the suggestion! I haven’t ruled out hard money lenders, I just don't know where to find them yet. Do you have experience using them for your projects?

Thanks for the advice—definitely keeping those points in mind as I search for the right deal. I appreciate you sharing your perspective!

Hi BP Community,

I'm a multifamily investor based in NJ, transitioning from smaller multifamily units to 6+ unit properties. My goal is to acquire and stabilize these larger properties using private lending to fund down payments and renovations while executing a BRRR strategy.

I’d love to connect with private lenders or experienced investors who’ve used private capital for similar deals. How do you typically find your lenders, and what’s worked best for structuring deals?

Open to advice, tips, or even collaborations! Looking forward to learning from this amazing community.

Thanks so much for the advice! I really like the idea of starting with my existing network and attending local meetups. Do you have any recommendations for the best types of events or meetups for connecting specifically with private lenders?

Also, when it comes to sharing my investment goals (on social media or in conversations), do you think it’s more effective to highlight specific deals I’m working on or just my overall strategy? I want to strike the right balance between transparency and professionalism.

Appreciate the guidance—thanks again!

Thanks, Amir—this is incredibly helpful feedback! You’ve given me a lot to think about, especially regarding refining my ideal PML strategy. I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.

To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones. My goal is to stabilize, refinance within 3-5 years, and offer strong returns to lenders.

Your point about targeting SDIRA investors and high earners is interesting—how do you typically find and connect with these types of lenders? Do you focus on networking events, direct outreach, or something else? Thanks again for sharing your insights!

Hi BiggerPockets community!

I’m Frank, based in Northern NJ, where I invest in multifamily properties and short-term rentals. My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.

My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.

A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

Looking forward to learning and contributing!