All Forum Posts by: Jay Hinrichs

 I think I may know who your partner is. I would love to buy from the actions as we do not have a lot of competition in that space in this area but they generally want to the closing to be in days vs weeks. If you are ever looking to add to in the area I would like to chat and connect and see if it makes since for you all. We do really good rehabs and want to get into new construction. 

 lol, ya I remember that lawsuit....I think it was for like $7.2 Million dollars or something. The dude who won that lawsuit was one handsome devil let me tell you.

 True, but making an example of them would make for some great content for BP and YouTube.

What does BP nation think about this? Do ya'll want me to toss $10k-$15k at a lawsuit against these jerk-offs????

 I'm thinking about jamming a Records Falsification and Fraud lawsuit up these two investors a**, just because of how much they've annoyed me. Prolly gonna leave the Fentanyl addicted tenant out of it, no juice in that squeeze, that'd be like yelling at your Dog for not knowing how to do Algebra.

However these two investors, I'm thinking I need to make an example out of them. What you think? Should I hammer them, or simply win my case with the Division and let um walk pain free?

@Engelo Rumora

@Engelo Rumora @Russell Brazil 

@Drew Sygit

@Remington Lyman

@Jay Hinrichs

Read this story, you'll get a kick out of these nerds.

Legal obligation? No. But I agree that it’s an unwritten rule: you shouldn’t go around a broker, @James Jackson. As a five-time repeat customer, however, I guarantee that neither the lender nor the broker wants to lose you to their competition — which I’m sure they recognize is numerous.

I would have a strong discussion with this broker and negotiate costs and fees. (Broker liaison fee? C’mon.) I don’t know whether brokers are fiduciaries in AL as they are here in CA, but he might not be adding value for you anymore. In addition to addressing his costs, this broker should be negotiating with the lender on your behalf as well. You have every right to expect all of your suppliers to continually earn your business. This broker is no exception.

In parallel, you might find some lenders on your own. This isn’t hard, James. In fact, we don’t work with brokers at all and find our borrowers directly at local real estate clubs. Both Meetup and Eventbrite are good sources.

Here’s a meetup link to real estate clubs near Birmingham. As a proven entity, all the lenders in the room will want to get to know you. Go to lunch with a few and form some relationships. You’d be smart to build a network of lenders and keep a stable in your back pocket that you can pick and choose from as your deals, and their criteria, align.

Don’t feel stuck, James — you’re bringing them the business, not the other way around.

 I dont fully understand what's going on, but I was contacted by a reporter to ask if I wanted to comment on it. Its common members of the press contact me for comment ans background in DC and Baltimore related real estate news.

A couple of hedge funds have gotten hit hard in Baltimore, and something related to the lending and appraisals was involved with it. So some commercial lenders have stopped lending in Baltimore currently because of the situation.

I have almost no information on it other than what the reporter gave me.