All Forum Posts by: John O'Leary

@Chris Clothier would give you the best recommendation. I was lucky enough to see him speak at the Boardroom Mastermind on how he scaled REI nation. Dude calls every single client.... I'll never forget that.

 There are a lot of factors to take into consideration when drastically changing the blueprint, especially from an under writing perspective. It won't fit will all lenders, but there are plenty of bridge lenders here on BP that should be able to give you some options. Use the "Find a Lender" tool. GL!

Use a site like batchleads or propstream. 

Partner with a local lender. They typically have some of the best buyers lists. 

Hey Jesse,

Partner with a lender that will finance assignment fee's, they will have your buyers. Local REIAs are a good place to network also. 

Investors use a HML for property purchases due to several strategic advantages. HMLs enable quick acquisition leverage which is essential in competitive markets, and offer flexible qualification criteria, focusing on the property's potential. HMLs are ideal for value-add strategies, where investors purchase, rehab, and then reappraise the property to pull out equity and reinvest, or to sell the property. HMLs are a crucial short-term solution for properties needing significant repairs, and for investors not wanting all the red tape that comes with traditional products.

Upwork is a great place to start. 

What was the program that charged you $15K? It takes a good deal for a PML to take a chance. I'd start working towards finding good direct to seller leads that you can contract and pitch to a PML. Good luck!

You could do a cash out into a DSCR loan. Many lenders typically require a minimum loan amount of $75,000, allowing you to access up to 75-80% of the property's value, provided that the DSCR ratios meet the lender's requirements. You can then use the cash from the refinance towards a new acquisition, whether it's turnkey or value-add to BRRRR so you can help maintain a steady flow of properties if your goal is to expand and diversify your portfolio.

Try using the old approach of sending putting the letter in a UPS or FedEx envelope if you're focused on mailers. Remember that effective mail campaigns require multiple touches, and it's important to continue skip tracing to reach absentee owners who may not receive standard mail.

If cold calling isn't your preference, consider hiring a virtual assistant (VA) to manage this task for you. If you're based in Orlando and interested in learning or collaborating with a mentor, I can connect you with some of the most prominent figures in Central Florida area if you aren't already acquainted.