All Forum Posts by: Ka'lial Glaud

@chrismason thank you, I appreciate it!

If possible i need a little advice on how to ask someone for private financing. So far this past year I have successfully done 4 deals using the famous brrrr method and I am currently waiting on the refi on another property. Currently I have 4 deals set to close this month all cash and I do not want to extend out most of my personal cash to close them all at once. (I really did not expect 4 offers to be accepted all around the same time).

All of the deals fit my requirements and will cash flow well and before i decide to walk away from 1 I want to try to secure private lending to finance one of the projects.

Can anyone give me any advice on going about asking for private money and also on how to structure the proposal?

Thank you in advance

ps. follow my instagram @glaudproperty lol 

If possible i need a little advice on how to ask someone for private financing. So far this past year I have successfully done 4 deals using the famous brrrr method and I am currently waiting on the refi on another property. Currently I have 4 deals set to close this month all cash and I do not want to extend out most of my personal cash to close them all at once. (I really did not expect 4 offers to be accepted all around the same time). 

All of the deals fit my requirements and will cash flow well and before i decide to walk away from 1 I want to try to secure private lending to finance one of the projects.

Can anyone give me any advice on going about asking for private money and also on how to structure the proposal? 

Thank you in advance 

Hey, I am 25 and a very very new investor that has been on the fence for a while now on whether or not I should begin to invest in real estate. To get my feet wet and hopefully not drown lol I purchased a 1 bed 1 bath condo on Jan 22, 2016 for 25k by Febuary 1 I had the apartment completely renovated for almost 5k and a section 8 tenant moved in with the state paying 692 and the tenant paying 108. Also for the unit I purchased one is on the market right now for 50k and another one sold for 45k recently so I'm guessing mines should be worth somewhere around there. With that being said this market is totally for renters and I'm guessing is in a C area after reading some post. Now that I have one property with plans to get many more I would like to try the BRRRR method. Gratefully I have enough cash to do a few more buy and hold deals but before doing so I would like get financing in place to make sure I can cash out refi to buy more properties and not have my money stuck. I understand that I should be explaining this to a bank and not to you guys.... But I was looking for advice on which banks should I try to contact first and how exactly should I word what I am asking for? Also what documents should I have prepared with me? and since I purchased this property under an LLC will this be a problem?