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All Forum Posts by: Jeremiah Phipps

Jeremiah Phipps has started 10 posts and replied 58 times.

Post: Direct money lender in california

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16

What's up, bigger pockets? I'm looking for a Direct money lender in california

Post: Real Estate Funding for Diverse Projects in California

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16

We are looking for reputable direct lenders to provide funding for a variety of lucrative real estate projects in Arizona, Nevada, Minnesota, and California. Our current funding needs 

include:

1. Ground-Up Construction:

Exciting new development projects with strong ROI potential.Seeking flexible funding to cover construction costs and associated expenses.

2. 30-Year Mortgages:Long-term financing opportunities with stable, monthly returns.Ideal for companies interested in steady cash flow and secure investments.

3. Commercial Apartments:Funding for multi-family units with high occupancy rates.

Opportunities for both short-term gains and long-term asset appreciation.

Why Work with Us?

Proven track record in real estate development and management.

Comprehensive due diligence and risk assessment for each project.Transparent communication and detailed project updates.

What We Offer:Competitive interest rates and attractive returns.Structured, secure funding agreements.

Flexible funding structures tailored to lender preferences.

We are only accepting offers from direct lenders. If your company provides direct funding for real estate projects in Arizona, Nevada, Minnesota, or California, and you are interested in exploring these opportunities, please contact us at [email protected]. Let’s discuss how we can achieve mutual growth and success in the real estate market.We look forward to partnering with you! 

Jeremiah 

Owner.

Phipps Management Group 

[email protected] 

412-709-2506 

Hello,

Thank you for reaching out with your financial considerations. Your dedication to optimizing your assets is commendable, and it's essential to explore options that align with your goals.

Each of the options you've outlined presents opportunities to leverage your resources effectively. Option 1 offers the potential for immediate cash flow and appreciation, which can significantly contribute to your overall financial health. However, it's important to weigh this against the ongoing expenditure on your mom's rent.

Options 2 and 3 involve reallocating your funds towards purchasing properties, potentially in high-appreciating markets like San Diego or Orlando. By doing so, you could redirect the funds currently spent on rent towards acquiring assets that have the potential to generate long-term wealth through appreciation and other investment returns.

When considering partnering with a turnkey company, ensuring their reliability and alignment with your investment objectives is crucial.

Regarding financial advisors, seeking recommendations from trusted sources can help you find professionals with expertise in real estate investments who can assist you in making informed decisions that support your financial objectives.

In summary, prioritizing the acquisition of income-generating assets can play a vital role in building wealth and achieving financial security over the long term. 

Best regards, 

Jeremiah Phipps 

Hey BiggerPockets Community!

Are you looking to dive into the world of fixing and flipping houses but find yourself stuck on securing funding? Whether you're a seasoned flipper or just starting out, navigating the financial side of real estate investing can be daunting.

That's why I want to host this discussion right here on BiggerPockets! 

I want to hear from you about your experiences, challenges, and success stories when it comes to funding your fix and flip projects.

Join me to:

Share your insights on the best strategies for securing funding.

Learn from fellow investors about their approaches to financing flips.

Discuss common pitfalls to avoid when seeking funding.

Connect with like-minded individuals who are passionate about real estate investing.

PLEASE NO SELF- PROMOTIONS here – just an authentic space for investors to come together, learn from each other, and grow their networks.

So, whether you're a hard money lender, a seasoned flipper, or someone just starting out, your voice matters in this discussion! 

Drop your thoughts, questions, and experiences in the comments below, and let's unlock the secrets to successful funding for fix and flip projects together. 🏠💰

Post: HELOC, DSCR -or- Cash Out Refi

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16
Quote from @Isaac Jordan:

Good morning BP fam,

Seeking lender recommendations that are well versed for the following loan products:

HELOC
DSCR Loans
• Cash-Out Refi

I'm interested in potentially doing a HELOC on a property that I own and using the proceeds towards a DSCR Loan for the next property. I'm curious if there are any lenders that have a property sheet that include DSCR loan approved properties or if you have a system to fast track underwriting property specs within having to writing each property individually.

Thank you for your recommendations and insight in advance!

Best regards,


 Typically, most DSc R loans run between 8 and 9%, depending on FICO score. As a direct private money lender, I can help you if you like

Post: Am I too old to get started? What is a realistic plan for me?

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16
Quote from @Jim K.:

@Sarah Ali

These are words I have learned to live by, and I offer them to you with my best wishes for your future actions.

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”

Theodore Roosevelt
That's such a polite way of saying, you do you? I Do me and we'll see who gets the finish line first LOL!!!

Post: Mentorship program for $40k

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16
Quote from @Jerryll Noorden:
Quote from @Melanie P.:

@Jerryll Noorden To be clear you're providing more than coaching, right? You're doing the client's SEO -- i.e. they're getting all their leads from you or more leads because of the enhancements you put into their website/search rankings?

A wise man once asked...

Do you rather me give you a fish or teach you how to fish?

I'm offering you the fish for free. I'm willing to teach you how to fish for free. In other words, the information I'm providing is entirely free. I can guide you step-by-step through finding properties, getting them under contract, securing financing, hiring a contractor, and getting them back on the market, or even employing the BRRR strategy (Buy, Rehab, Refinance, Rent) without charging you a dime for this invaluable knowledge.

Post: Mentorship program for $40k

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16
Quote from @Tim Ryan:

I'm for paying when you want to learn. College is not free either right (not yet).  But $40k is way, way too high a price. Now, I've paid more than $40k over the years but not with one mentoring company. Btw, my education got me to owning 330 rental units with many flips/developments. So again, I believe in paying for the education. Otherwise you'll get what you pay for... DM if you'd like to hear more of my story and what I did.


 Unless you're going to college, to be a doctor, lawyer, or accountant college is pointless.... You spend hundreds of thousands of dollars for an education you'll probably never use..... I used to work at bear and half the guys on the assembly line. We're engineers who could not find a job.

Post: Real Estate vs. CD Market investments

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16

Let's keep our number simple. Let's say you purchase a property for a $100000. And your renovation costs are $50000. Now you're into this project for $150000. And let's say you're ARV (you're after repair value) Is $300000 And let's say you're using your own cash. And not using a hard money lenders or gap funders. So now you add $35000 for your closing.( That is both purchase and sale of property) So now you're into the property for a 185000. Your profit will be $115000. That is roughly 62% ROI On your investment, that is why people who get into real estate and become millionaire... Now depending on how financially blessed you are, you could potentially do this 4 times a year. That is an infinite ROi

Post: Mentorship program for $40k

Jeremiah PhippsPosted
  • Lender
  • Sarver PA
  • Posts 61
  • Votes 16

@Stuart Udis Your actions epitomize the very issue I'm highlighting. I generously offer valuable insights for free, only to be met with your shameless promotion of paid programs and expert guidance. It's a slap in the face to those seeking knowledge, suggesting that they must shell out their hard-earned money to access what should be freely available. Thank you for exemplifying the greed-driven mentality that pervades our society, where profiting off the thirst for knowledge takes precedence over genuine goodwill.