All Forum Posts by: Jay Hurst

Hello all,

I am getting ready to start looking at lender for my second conventional mortgage to buy my second property. I plan to buy a new property in May by putting 5% down and renting out my current home. Any tips or advice before I dive into this process? Places to go for lending? Difficulty in getting a second loan?

My credit score is currently 807 if that changes anything.

Hey everyone,

I'm Alex, a 43-year-old investor with a credit score of 767. I have around $100K in liquid capital and access to a $50K HELOC at 6% for the next 10 months before it transitions to a variable rate.

I have a unique situation where I earn a living through sports betting, which limits my ability to show traditional income growth. Because of this, I’m looking for investment opportunities that maximize my current capital and financing options.

I'm considering investing in Birmingham, AL, where I’ve found several SFHs in the $30K–$40K range that I believe I could rehab for about $25K and rent for around $900/month. I currently live in Wilmington, NC, so Birmingham would be about an 8-hour drive for me. While I’d love to invest locally, most properties here are beyond my price range.

Right now, I’m compiling a list of potential properties, underwriting deals, and reaching out to Realtors. I’m planning a trip to Birmingham in the next week or so to meet with agents, build my network, and hopefully find my first deal.

If anyone has experience investing in Birmingham or has recommendations for agents, contractors, or lenders, I’d love to connect! Looking forward to learning from the community.

Thanks!
Alex

Hi 

I am looking to buy first rental property and looking to speak with lenders. What are the questions that I should be asking lenders ? Any tips to get a better rate or deal from lender ? 

Thanks 

Hi everyone,

I am looking for a private lender to fund a $50,000 short-term loan secured by my primary residence, which has $425K in equity. This is a low-risk, high-return opportunity with monthly interest payments and full repayment at the end of 6 months.

Loan Details:

✔ Loan Amount: $50,000
✔ Interest Rate: 10% annually
✔ Loan Term: 6 months (can be paid off sooner)
✔ Security: Backed by my home’s equity ($425,410 net equity after mortgage)
✔ Monthly Interest Payments: $416.67 per month
✔ Total Interest Paid (6 Months): $2,500
✔ Total Loan Repayment (Principal + Interest): $52,500
✔ Exit Plan: Loan will be repaid in full once my home is sold (listing begins immediately after funding).

Why This is a Secure, Low-Risk Investment:

✅ Prime Location in Plantation, FL – The property is located 7 blocks from Plantation Walk, a rapidly developing area with major real estate and commercial projects driving property appreciation. (See projects here)
✅ Secured by Home Equity – My property’s market value is $650K, and I have $425K in net equity.
✅ Guaranteed Monthly Interest Payments – You receive consistent passive income for 6 months.
✅ Clear Exit Strategy – Once the house is sold, the loan is paid in full, and you receive your full investment + interest.

How the Loan Will Be Used & Why I Need It:

✔ This loan will allow me to cover moving costs, financial restructuring, and ensure a smooth transition while preparing for the home sale.
✔ I have a real estate agent and legal representation already handling the sale.
✔ This is a structured investment deal with full transparency and legal documentation.

Bonus Offer for Investors:

💰 If I pay off the loan earlier than 6 months, you STILL receive the full $2,500 interest. This guarantees your full return faster.

Next Steps:

If you’re a private lender looking for a secured, short-term opportunity with a strong return, let’s discuss how we can structure this deal.

✅ DM me or comment below and let’s set up a quick call.

Looking forward to working with the right investor!

Best Regards,

Rosmery Then City of Plantation Development Activity Map

Deal :

Duplex Home
2 beds / unit
2 baths / unit
3,000 sqft
Asking 300k

60k down

Est rent/yr - 31,200

5% Vacancy

20% Op Expense

Mortgage 240k assuming 7%

Results: 

CF - 6,600

Cocr - 11%

Cap - 8%

Looking at this for a buy and hold and trying to determine if I am analyzing this right

 My thought behind it was to simply get rid of debt and take on less risk 

Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go