All Forum Posts by: Jose Solis

Just recently used a hard money lender to fund a BRRR Im doing. I would ask for the interest rates, if it is interest only payments, monthly payments or? How long the loan is for 12 months, 18 months? And how many points are being charged. How quickly can they fund the deal 7 days, 10?

Interested for more info

Will do thank you!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Bakersfield.

Purchase price: $220,000
Cash invested: $60,000

In the process of remodeling a duplex near downtown Bakersfield. Have been working on this for a few months now and should hit the rental market in about 1 month! Looking to BRRR this and deploy some money into my next investment!

You can use the Rent Estimator, just enter your address with the property information and you should be able to see what properties are renting for in that area! 

Hi Stephen, I just messaged you!

Hi Christian,

I to am too a more newer investor and had to go through the same process that you are going through. In terms of recommendation I have called and spoke with DOZENS of lenders and Brokers, but one that stood out and was able to help me in a situation where most turned me down was the David Greene's team. They are very helpful and helped me find a loan to suit me needs. I still have not purchased but I was able to overcome my biggest obstacle.. Financing. Now on the hunt! I believe there brokerage is called The One Brokerage. You don't need to use them but hope this helps a-little! Good luck!

Hi everyone, I am currently in works of obtaining my first property and am currently looking in Bakersfield, Ca. I was born and raised there so know the area very well. I currently live in Riverside Ca, as I graduated college and have been living here for the last 6 years. I am self employed so have a pretty flexible schedule that allows me to work on my real estate something I am truly passionate about. If there is any Full time investors either in Bakersfield Ca or Riverside Ca that need extra help, I can donate upwards of 10 hours out of my week either to run numbers, help find properties or anything in between as long as it can be done from home, giving I work from my home office. Like I mentioned I am primary looking to purchase in Bakersfield as that is my strong point of knowing the area very well, having boots on the ground, but have now expanded to search here in Riverside as I am learning this market as well. If any agents or investors need any extra help feel free to reach out. I don't expect any pay or anything In return, just would like to meet more professionals. Feel free to reach out to me as I am very exited to meet and connect with everyone and anyone. Have a great day!

Hi everyone I just had a quick question. So i'm looking to buy a 4 plex in Bakersfield ca. I have been intending to go off market, but if I find something on market even better. I have been targeting more distressed units something i can ad value too. I am looking to purchase between 325-450k. I have access to about 120k. Now my question is since my job history does not qualify me for a more conventional loan, after speaking to dozens of loan officers one brokerage company helped me find what I am needing and can basically get me into a cash flowing property with 20% down on a 30 year fixed DSCR Loan. Now this is awesome and all but now I am thinking I do not want to have to wait again a few years to save up and give another down payment. So what Intend to do now, is I have found a hard money lender that is willing to lend 90% of the loan and 100% of the rehab. My intentions are now to do a full on BRRR and refinance into this DSCR Loan. I just wanted to know anyone's thoughts on this or how a more seasonal experienced investor would make there money go a longer way. Any help is appreciate. Thank in advance!

Hi Sanjeev, 

At the moment I am more interested in cash flow. As my real estate journey grows I will look more into appreciation but as of now I am looking for cash flow.