All Forum Posts by: Loren Davy

Are your properties SFH? I have lenders that lend on a variety of investor owned properties, SFH to multifamily; but they are not in the Albuquerque area. Let me know if your interested.

Loren Davy

Teresia,

I have hard money lenders that may be able to help you out. Let me know if your still looking for funding. Have a great day.

Loren

Every HML is different; some only lend on price paid, others will lend on ARV. After you have done a few deals with a HML they may fund you at 100%. In the beginning, expect to put in some money; how much varies with lenders and specific deals. Under resources there is a list of HML. Good luck.

April 21 at 6:45 is the next Real Estate Investors meeting and will be

Midland Centennial Library  2503 W Loop 250 N, Midland, TX. Everyone is welcome.

Buying something in the Odessa/Midland area is scary right now. Will it keep its value and will you be able to get tenants? If you can find a really good deal, you can buy now; other wise I would wait and see what happens over the next year. Come to the REI meeting tonight and you will meet some other local investors. Good luck.

Listen to Podcast 109. Scott Smith is an attorney that address your question very well. Good luck.

@Andrew Schaefer An appraiser friend of mine told me this regarding whats required, Can I sleep there? Can I get ready for work (shower, Toilet, and sink working)? Can I cook a meal? FHA and VA have more specific guide lines.