All Forum Posts by: Grayson Grzybowski

@Eric Boshart

Okay thanks! I was wondering if the location of whom I was borrowing from mattered

@Chris Seveney

Thanks Again

@Chris Seveney

I am looking at the Criteria on one of the pages that mentions "Offerings." When scrolling down it has a list of numbers [investments, monthly income, monthly income w/ shares]. Is this talking about the amount of money I would borrow from this agency and what I would need to pay back monthly?

@Chris Seveney

Thanks!

Anyone have recommendations to Hard lenders?

@Doug Smith

If I am doing a house hack then I would not need a lender for anything of that. I will have my own funds saved come next year! 

What I was implying is, in the mean time I am trying to make money finding Foreclosed homes via Wholesaling, SubTo, or Seller Financing, etc. because things are starting to take its toll on the economy due to covid, people even in mediocre homes have tags saying there are in Foreclosure. Assuming the information I am being provided from the software I am using is correct which i think it is.

Yes, that is why I made this post, so I can find more lenders that I can reach out to since all lenders are different. I am trying to build my team and have plenty of resources when the time comes!

@Chris Seveney

I just send you a person message I think. 

@Chris Seveney

One thing I am trying to do is pick off people who are pending foreclosure homes. If I need to borrow 20k to catch someone up, have a couple months of rent for cochin, and add minor renovations and they agree to part ways with the home then I do not care to pay 10-15% (I do not fully understand the point aspect in regards to financing yet) if it means I keep the property, depreciation, equity, etc. 

Again, I have a really good job and have my finances under enough control where I can make at least 1k per month payments from my income and give back w/e cash flow it may generate until it is paid off. 0-2 years doesn't seem to far out of reach, does it? OR does my approach seem bad from your perspective or any other lender reading this?

@Doug Smith

Man original plan was to House hack but I did not have anything extract outside my 3.5% down if something were to go wrong. I will be doing this after my lease is expired next year. I am currently trying to pick up homes going into Foreclosure to start with, as well and seller financing.

If I come across situations where I need to borrow 0-20k from a Private Lender, are you suggesting that lots are still opened to that amount?

@Chris Seveney

I am trying to utilize the seller financing strategy to people as an option. When looking on the MLS and they do not state "Seller Financing" then I would think its a no, right?

Unfortunately I can not utilize the house hacking method because I tried this before having to renew my lease due to funding. Now I feel as if I will need to wait around until next year before doing it.

I am a bit confused with the wording in your statement. "Ask any investor about getting a HELOC on an investment property." Are you implying that is all investors with properties are doing outside because Private Lending has gotten tighter?