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All Forum Posts by: Jace Perry

Jace Perry has started 25 posts and replied 80 times.

Post: Searching for 80% to 85% DCSR Lenders

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40

Hello, I have a house that I am looking to get a refinanced DCSR loan on at 85 to 80%. Please message me or comment below if you provide that type of product or know of someone. Thank you! 

Post: Looking to connect with Private Money!

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40

I am a seasoned investor looking to network with private money investors here. Please comment below, and I will reach out. Cheers! 

Post: Gap Lenders on here?

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40

Hello, I am a seasoned RE investor looking for gap lending on upcoming SFR Fix and Flip projects. Has anyone had a good experience with a gap lender? Are there any gap lenders on here? If so, I would love to chat. Thanks!

Post: Looking for advice on backflip lender

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40
Quote from @Magdalene Leon:

Hi - I was just curious if anyone has used backflip as a hard money lender?  From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.  Thank you!


Just closed on my first loan with them. Very tech-forward and straightforward experience. 

Post: Looking for rehab insurance provider that does not require full year up front?

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40

One of the largest out-of-pocket expenses at closing is paying for the entire year upfront on a rehab project. My projects are 3 months so I am looking for an insurance provider that does not require to pay the full 12 months. Does anyone have a recommendation

Hello, I have heard there are 100% LTC and 100% rehab lenders for seasoned operators. Curious to see if anyone on here has had any luck finding one? Thanks! 

Post: Looking for advice on backflip lender

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40
Quote from @Ryan Davies:

We have heard of them but have chosen not to close deals through them since we have found better options. We have a lot of investors that are way more flexible.


 Who is your favorite lender to work with?

Post: Looking for advice on backflip lender

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40
Quote from @Nick Belsky:

@Magdalene Leon

They are legit.  I've brokered with them quite a few times and while they are not my top lender, they are in the top 5.  When the top ones can't/won't do the deal, Backflip usually will and they are super fast and easy.  My client's have been happy with the draw process and response times as well. All of their products are Dutch-interest and their highest leverage option is a 1st position with a 2nd position loan wrapped with it to get to higher leverages.  Those two things turn some folks off, but if the numbers work, they work.  Get in, then get out.

Cheers!


 Are you willing to share who your top 2 lenders are?

Post: Help with obtaining commercial lending

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40
Quote from @John Woytanowski:

I'm looking to get into the commercial NNN game but cannot find any lenders that will lend for this purpose unless I have a ton of assets which I do not. Anyone have experience with this or know how to connect with angel investors etc


Hi John, I have purchased over 100,000 SF of commercial in the past three years and can help with some advice. Commercial RE is very complex, and I heavily recommend finding a mentor or hiring a reputable coach to guide you in the beginning. Simply put, there are too many pitfalls that can wipe you out that require an extensive amount of experience to navigate. With that being said, your best bet for lending will be local banks, but they will not lend unless you have extensive experience and a large amount of savings. Therefore, your highest chance of acquiring a CRE property will come from finding a seller willing to carry the note. Once you have enough experience with cash reserves, you will be able to operate as a solo CRE investor operator.

Post: Hiring freelance underwriter for my investments

Jace PerryPosted
  • Investor
  • Greenville SC
  • Posts 87
  • Votes 40

Hello, I own a boutique real estate investment company and am looking to hire an experienced underwriter on an as-needed basis for my upcoming real estate investments. This is a remote opportunity, and I mostly invest in retail centers, mixed-use, short term rentals, fix and flips. Please contact me if you are interested.