All Forum Posts by: Gary Schmalz

Thanks Jon, good stuff, helpful.  I appreciate you knowledge and insight. 

Hi All,

My realtor and I have worked together on multiple properties for multiple strategies.  I trust him.  Today he called and asked if I would be interested in being a "hard money lender."   I believe that is the proper term?  He has a client in need of one, knows our situation and asked if we would be interested. 

I have no idea.

Again, I trust  my realtor, don't know about money lending (as me being the lender), nor do I know the potential borrower.  I have read some posts  on BP, feel more knowledgeable than I did a few hours ago.

What are the questions I need to ask?

What are the things I need to look into?

Any and all BP advice would be greatly appreciated.   Thanks in advance. 

Newbie in Puerto Rico.  Hello, I just moved to Puerto Rico and have the real estate bug.  Does anyone here have any knowledge of buying, renting, managing houses on the island.  Looking to make connections and have some coffee.  I am located on the west side, Cabo Rojo.   Thanks!

Thanks for the hellos everyone!

Brandon Turner thanks for the welcome! North Branch is not that far away. The mosquitoes are extra thick this year, due to the extra long winter. I still need to work out a good plan. Currently have a few quadplexes, but have been wondering about flipping. Do you have an article on why you went from flipping to holding?

Jeromie Hamann, I have just listened to my first podcast. Thanks for the tip!

Thanks for jumping in Josh, I already put my pic up due to your suggestion. Thanks!

Hey Jonny, if you do have a property or two to pass along, let me know. I am new to the game in the area, and still looking for a place to flip. Thanks!

Hi Joan and Les, thanks for saying hello.

Les, if you are wholesaling, or passing along properties, please let me know. Would love to help each other out, if possible.

Joan, do you have connections to investment properties? I have a very good friend in LaCrosse and he is currently shopping for one or two. Not sure if he has a realtor to work with or not.

Quick context -- we are brand new to the world of investing. Have a small team working with us, including a real estate agent. Have made three offers on homes for in order to flip, we have offered asking price, cash, but every home is selling for beyond asking price, cash. We are also on the list for two wholesalers, but the few properties that come up, go really fast.

Is the market that hot?
Are we doing this wrong at the "get go?"

Is this just a matter of be patient?
Are there other ways to get in?

Starting to feel the inexperience that I know I have.

Thanks in advance for any and all thoughts!

Hello, my name is Gary and I am new to Biggerpockets and the real estate investing world. My wife and I are working together to help our family grow in many ways! I just wanted to say hello to the blog and introduce myself. If there is anyone who wants to say "hi," back, it would be appreciated.

We are looking forward to getting to know some of you here, and hearing your stories of how and why you got started, and how its been since you've been in the investing world.

Thanks in advance for any and all posts!!

Thanks folks. That info was very helpful and the problem was solved.