All Forum Posts by: Jesse Goldberg

@Jay Sechowicz So let me lay it out from a lender side. We do blankets personally but I want to share the downsides for you, the investor, as unbiased as I can. Blankets, the lender can make more (it depends on how it's structured), but in reality you lose your leverage. The problem is, you can't pull out a single property as easily and sell it if you decide to as you've structured the loan on all properties. 

It does save money at closing of the loan for you, but it ends up being around net neutral at the end of the loan cycle. 

All of that said, both have benefits and draw backs and benefits. If you want more information on how lenders structure (or may structure) blanket vs. individual let me know and I'll type out a demo scenario.

@Donald Hodge We do lend in both! Feel free to reach out and let me know about the scenario

@Alex Hamilton Thanks! I'll review it and get back to you. 

First off, Love the photo name "gollyGoshGee.jpg". Gave me a good laugh!

In some areas, like here in Santa Barbara, real estate costs are very high (Median cost here is $1,050,800) and forces almost a dichotomy between the home owner vs. renter. It has had a profound impact on my appreciation for the "where and when" of real estate. For the price of a $1M+ property here, you could find a similar property for ~300-400k in states like North Carolina and even lower in others! I think sometimes the idea of liquidity and diversification is lost, but for some it's not a problem!

However, I don't claim to judge those who spend the money on those properties, after all some of us are forced to live where we do or just enjoy a house that echos... Let's be honest, we all want to reenact risky business in a large living room. 

Thanks Robb! Originally from Peabody which just north of Boston. I usually have to inform people it's next to Salem and give a full history of the witches out here in California. Definitely have some flashbacks and fond memories of the Cape!

We're a father and son team specializing in the financing of non-owner occupied investment properties. We provide Mortgage Brokers, Borrowers, Investors and Real Estate Agents with funding for investment property acquisition and refinancing. We use our own institutional capital to provide business purpose loans for clients that seek to:

- Fix & Flip
- Buy & Hold
- Rate & Term
- Cash Out & Refinance
- Bridge Financing
- Foreign National

We are also able to offer:

- Commercial
- Mixed use
- Construction

With a specialized set of market competitive products, we make possible the ability to acquire multiple properties and gives investors leverage over their cash position.

Call, text or email when you can, let's discuss your loan scenario.
Father & Son Private Money Lending

@Jay Hinrichs Thank you for your input.

Jay, In California we refer to a licensed company

This is usually a large red flag, as with most upfront fees before closing. The only one that is typical is an appraisal fee. It could be that the individual was a referral and didn't understand when the points came in but definitely avoid anyone saying they need points up front. 

I provide HML, but that doesn't always mean it's the right option for everyone. It's great for short term flips, buy and holds, and a quite a few other services, but most require experience (which you have, so perfect!), available liquidity, ARV vs LTV evaluation, FICO (Some have minimums but this can be offset by experience), and they will cost at closing for things such as lender fees, lender and origination points, etc.

The best advice I can give is shop around. Talk with local investors or even real estate agents and talk to a few HMLs to see their rates. Some deals may be great at a 75-80% LTV while others may be better for you with different interest rates.