All Forum Posts by: Loren Davy

Welcome to BP. What kind of construction do you do? I may have a need for a contractor soon.

Welcome to BP, its a great place to learn. Remember, there are no stupid questions. Good luck on your REI adventure.

Loren

Kyle,

I have a portfolio lender that would be able to help you with your buy and hold properties, and they also have a line of credit program for experience flippers that you could qualify for. Send me an email if you want to discus more details. Good luck in your REI adventure.

Loren Davy

[email protected]

Michelle,

Sept 22 is the next meeting at Johhnys Bar B Que at 6:45pm.

http://www.meetup.com/Permian-Basin-Real-Estate-In...

Hope to see you there.

Loren

Welcome to BP. Good luck with your REI adventure.

Welcome to Bigger Pockets. It's a great place to learn; there is a ton of free info, it's up to you to learn. There is a Lubbock REIA you can join to learn more. Good luck.

Martin,

I sent you a PM.

Make a sample package of a deal that you are looking at, make the numbers realistic and honest. Tell your lender I want to flip a property, here is a sample of what my plan will look like. Then start asking questions. What is your lending criteria and an example of terms; interest rate, term, points, prepay penalty? Do they require skin in the game? How can I make my real deal package better to insure funding? Best of luck.

Most lenders will want a Personal Financial Statement (PFS). If you want a copy of the one I use, send me an email.

One of the requirements of an SBA Loan, is the property must be 51% owner occupied. Contact Davy Business Capital if you have financing questions.