All Forum Posts by: Bryan Silver

Had some HUGE ones. Also been burned on a few times in the past. Trials and tribulations of real estate investing.

Couple of years ago (2008-09) this was a HUGE issue for my investment group. My father and I had 4 properties (1 primary, 3 investment), immaculate credit, low DTI, and sufficient DP and despite this..we were unable to secure funding through a traditional lender.

Imagine having your sights set on accumalating 10 properties only be told that you can no longer do more than 4. Frustrating.

Obviously since then, some lenders have relaxed their policy/guidelines with respect to 4 property rule.

Unfortunately, I wouldn't know who those lenders are -- as I've come up with more innovative techingues/strategies to fund additional properties.

Watched 3 minutes of that clip. Couldn't stand to watch the rest. I am a landlord myself, and I would NEVER violate my tenants personal privacy/space.

Yes sir. That is correct.

Most, if not all private money/hard money lenders today will require you to put some skin (contribute cash) into the project.

My suggestion to you would be to find REHAB lenders that can fund your projects. Believe it or not, there are still some REHAB lenders out there that will fund 100% of your costs up to 60-65% of ARV/FMV.

Just use your google function.

Loopnet is a very reputable site, but it is more geared toward investors seeking commercial properties/assets, not residential.

I look at everything from an investor's perspective. Thus, it would be difficult for me to purchase an FSBO unless the property had a lot of built-in equity; being sold well below FMV.

Based on what you stated above, recent sales/comps in immediate area are not strong. If that is not the case, avoid this deal and move onto the next. One thing I can say....Private Money/Hard Money Lender will not give you a loan unless their is sufficient equity (atleast 35-40%) in subject property.

To reduce or avoid personal liability, its probably best to create a corporate structure (i.e. LLC, LLP, S-Corp, etc), but its not a necessity for wholesaling properties.

Found a few flip opportunities via CL, and continue to find flip opportunities on CL.

CL has also generated some solid leads.

If you know what you are looking for, it can be a great resource for an investor.

Haven't notice a trend. But I will say this...a lot of people have been influenced by TV shows like 'Flipmen', 'Flip This House' and other home improvement, investment shows.

Unforunately, these shows give the viewing audience the impression that everyone can make big money in real estate.

If only that were the truth.