All Forum Posts by: Jonathan Pluviose

@Anthony Gayden was this prior to getting the financials?

As a new investor, how would one go about proving to a lender that high interest isn’t necessary? Credit: very bad Capital: $0 * creative financing(seller financing) & loan fees wrapped in loan * I have a business plan, I’ll be using an experienced management company, I’ll provide in-depth analysis on the property (hypothetical) & location, & I HAVE AN EXIT STRATEGY! :) Is this enough? I’d like to make a good first impression. Thanks for all advice!! J

Joe LaFleur Thanks!

Ok, Joe. Thanks!

@chris mason

@chris_mason What about a pre-commitment to finance, if the projections are accurate or better?

How do I go about getting a pre-approval? I don’t have a property under contract yet, but the idea I had is to present a minimum performance scenario. Basically agreeing with a lender that, if I find a property that produces certain numbers or better, then they’ll fund the deal post a formal inspections. My goal is to shorten my financing contingency, & be a more attractive first time buyer. Thanks J

Hey Andrew I see. Both you and Greg have been very helpful, thank you.

Hey Greg Why do you say it wouldn’t be a good debt product?

Hi! New on here, really appreciative of the resource. I’m truly looking forward to growing with such a community. With that said, quick question. :) I’m planning for a down swing in my market. I was wondering if anyone ever had debt where they made principal payments, but also had the ability to request to make only interest payments (during downs, for instance to keep rents low and maintain occupancy). It’s 6am. Thanks J