All Forum Posts by: Mack Meyer

@Timothy Ahn Tim this is always to read! I would love to show send you some meet ups I go to LA! Good luck on the journey!

I’ll shoot you a DM!

@Corry Cuington I attend the LAREIC ( Los Angeles Real Estate Investment Club) its the second Thursday of every month. Its on Olympic blvd. [Solicitation Removed by Moderators]

@Kathryn Morea

Thanks Kathryn!! I look into those and check them out!

Hey BP community,

In the process of starting my own meet up group in the LA general area. What are some of your favorite meet-up groups?

Welcome to real estate in LA and bigger pockets! Several meet-ups in LA monthly with tons of information! Feel free to reach out if you're curious!! 

@Jordan Bowley

I’ll shoot you a message with a few perspectives to think about!

@Anthony Caraballo

Hi Anthony. I have a wide variety of clients that range in age,

Show that it is not necessary age that is concern or that your right of college. A few things I would you (obviously don’t need you to answer on the forum)

1.Does your family/friends/mentors have any real estate experience? Those are always important when start.

2. Whats your access to capital look like? Do you have some cash? Line of credit? Possibly Family and friends money that they want to invest.

3. Do you plan on having co borrowers with you that have a track record?

4. Are you going to do the rehab or will you hire a GC (general contractor)?

5. How do you plan to finance the projects!

@Leslie Awasom

Hi Leslie.

This is can be a long sophisticated answer that can be multi-layered.

But ultimately capital drives everything, I have several clients or potential borrowers call with amazing “off market” deals or a listing that they want to rehab and flip or refi Into a long term program, but they don’t have the capital to put the 15-25% down.

My ultimate take yes is to start getting in to right circles with like minded investors, slowly pulling the capital together!

and KEEP AN EYE ON Your CREDIT SCORE!

@Mike Sullivan

Mike! I am working on a cash out refi on a 27 unit in Detroit.

When you look from the cash flow lens it can be a great RE Investment, but from an appreciation standpoint it may not be the best market.

Ad I read other comments, I agree with the fact that there are many renters in the market as well!

@Brandon Chandler Hi Brandon. It various lender to lender.

My company we lend on property’s that typical worth at least 100k

As far as ARV. We look to see if the total loan to ARV ( LTARV) is below 70%

Hope this helps!