All Forum Posts by: Jarred Sleeth

Highly recommend this meetup. I can't say enough good things about the organizers, and the knowledge and willingness to share of the attendees. Fantastic group of people with great opportunity to learn.  All are welcome, come on out!

Congrats on the contract, Phillip. I'll send you a PM, I can help you on the HML side of it.

@Alex Grey, I just sent you a PM.  If you're still in the market for a hard money lender, I'd be happy to help you.

Good work. Sounds like you learned a lot and still put some money in your pocket. 

If you're looking for hard money in Maryland shoot me a PM, would love to help.

It sounds to me like you don't have the capital to take on this kind of deal without a ton of risk. If you're going to pay 60k for it, you will still have to put money down and it sounds like you're trying to borrow your closing costs?  Have you purchased property before? You may be misunderstanding how the numbers are going to work.

I think the best scenario would be to get a construction loan to fix up the other side, and then move into it.  Look into getting a 203k loan, there are plenty of threads on BP about that.

Good luck

Investment in myself. 

This can be done through many different ways. Education, exercise, meditation to strengthen the mind. Read books, surround yourself with successful people, be healthy and active. Train yourself to be the person you want to be, give back by providing value, and opportunity will flock to you in ways you won't be able to predict.

This will vary from Bank to bank, really. Portfolio lenders will be more flexible.

Ned is referring to prior years when banks were not eager to lend money. Currently, this is not the case. 

@Brian Pulaski

There were no comps to support any higher of a price than I assumed, I think my ARV was reasonable. I'll keep an eye on the property to see the outcome, but I really have seen this trending lately in the area with the inexperienced investors bidding properties up way too high.

What makes this upsetting is I had a contract accepted. I get outbid on properties more times than not, I'm used to that by now ;)