All Forum Posts by: Hernell D.

I'm looking for feedback on the hard money lender Bridgewell Capital. I'm looking to use hard money for a few deals in Florida and Bridgewell Capital keeps coming up, obviously, they do good advertising but are they a good trustworthy company? Any other HM lenders you would recommend me check out that lend to investors for projects in Florida? Doesn't need to be the cheapest just needs to be the best! 

I’m curious as well. Anyone have experience with this lender?

It's possible but dangerous. Your name will still be on the lease at your current residence so it will be pretty easy to prove that you aren't truly occupying the new multi-family. I would assume no one is going to track you so if the deal is amazing and the risk is worth it to you go for it! It's also probably not best to post about it online... lol 

Mark Fries very valuable information! PM me I’m very interested in some of the things you’re saying and id love to talk

One bit of information that could play into this is what type of property/area is it in. If you're marketing an A property with a higher average rent chances are the people calling will be a bit more professional and regardless of age leave a message. However if your marketing a section 8 or C/D property the prospective tenants may not be as professional as you would like or may just be younger. To echo what @Dylan B. & @Wesley W. said it could be a generational thing. The big majority of people under 30 would much rather text than call/leave a voicemail. I don't think much of this indicates whether these prospective tenants will be good or not. Makes some calls and do your due diligence... Good Luck! 

In the words of one of the great modern day philosophers Kanye West “There’s a thousand you’d and only one of me”. There’s thousands of tenants and this is your business. If your tenant accepts the increase and stays, great, if they leave someone else will fill the vacancy and your business will be better for it. Either way you win the only way you lose is if you do nothing.

First of all congratulations on putting yourself in the position to get in the game. If the deals you can do now make sense i.e.. cashflow well DO IT. Every deal does not have to be a home run. You can hit singles and doubles all the way to a 8 figure portfolio. 

First off collecting money in any form is not stupid, but there are better ways to do it. The biggest drawback of collecting in cash is the lack of a paper trail, it makes it easier for things to get messy. 

BiggerPockets “The ultimate beginners guide..” is actually really good I’m not even trolling haha

@Sohrab Ansari Just Do It!! There will never be a perfect time or perfect situation. You've set yourself up well now it's time to capitalize! You can do it!