All Forum Posts by: John Kim

The escape clauses are the provisions you guys are talking about. I suppose I used the wrong word. We all know we are looking for protection using provisions. I fully intend to buy properties I submit offers for. I don't intend to waste anyone's time. I'm afraid you have the wrong impression based on the incorrect verbiage I used.

Thanks everyone for your responses!

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I want to use my purchase agreement since it has my escape clauses. A realtor I'm talking to about some foreclosures is stating that I must use hers in Texas . Is there any way I can use mine or am I stuck using hers?

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that's unfortunate Emmanuel. I just spoke to them yesterday at a mixer in Dallas. I was thinking about going with them. Has anyone else had a bad experience with Sherman Bridge Lending?

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Originally posted by @Wilson Churchill:

I've never had a down payment before. So far, I have paid "cash" for each home and later refinanced to get more cash back than what I put into it.

Hi @Wilson Churchill,

This sounds interesting. Care to elaborate how you accomplish this?

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Thanks everyone for your quick replies! I appreciate the conservative approaches and I sincerely appreciate your responses. I am a bit older and am looking for creative approaches so I also thank those who have and continue to post creative ways to get past my problem as I am wanting to accumulate rentals before I retire. Thank you all! Please keep the ideas coming if you have any!!

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Originally posted by @Randy E.:

I trust and believe that others can create investor homeownership out of creativity and wile, but I only know of cash and credit (based on collateral.) For me, I saved and saved and saved until I could purchase another ... and another. At a certain point, when you have enough equity in your properties, you should be able to take out a portfolio loan to help buy additional properties. But even then, unless you have unlimited access to cash or credit, you'll hit a period where you don't have the wherewithal to purchase more properties. At some point most of us have to exercise patience.

The portfolio lending option sounds good. I'll look into that as well! Thank you!

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Originally posted by @Eric Hrlbock:

If you find deals that are good enough someone will always help you w financing. Or there's always wholesaling it to someone else or partnerships. I am in the same situation right now. I bought three rentals in 16 months and I'm in contract for 2 more. I put admenents in the contract that I can wholesale,assign or partner w someone else just incase I couldn't buy it myself.

Of course! Wholesaling is a viable option! I knew about this but needed someone to put it out there for me, thanks!

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All Forum Posts by: John Kim

John Kim has started 2 posts and replied 15 times.

Post: Sherman Bridge Lending User Beware!!

Post: Who's purchase agreement do you use when buying thru a realtor?

Post: Who's purchase agreement do you use when buying thru a realtor?

Post: Who's purchase agreement do you use when buying thru a realtor?

Post: Who's purchase agreement do you use when buying thru a realtor?

Post: Sherman Bridge Lending User Beware!!

Post: How do you keep buying rental property when you run out of down payment money

Post: How do you keep buying rental property when you run out of down payment money

Post: How do you keep buying rental property when you run out of down payment money

Post: How do you keep buying rental property when you run out of down payment money