All Forum Posts by: Manish Kumar

Wow, I am overwhelmed with the responses. 

I knew the community was great, but this is awesome. Instead of replying individually, thank everyone for the responses.

A few of the great questions that are asked and that I should have already included in my post are here.

1. This is my first time doing hard money loans

2. I am looking for at least 95% of the property value, if not 100%

3. This is not a fix-and-flip. I want to buy the property, stabilize the income, and refi (or cash-out refi) the property later on with a conventional loan, hopefully in 12 months.

4. I am looking forward to closing the deal in the next 30 days

5. There is no rehab needed on the property

6. The property is a mix of residential and commercial (to some extent)

7. The loan amount I am looking for is 700-800K

8. I got a 730+ FICO score.

Again, thank you, everyone, for the fantastic and knowledgeable responses. I will send personal messages for further discussion.

The end goal is to hold the property for the long term and re-finance it later with a conventional loan.

 Thanks, Garrett, for sharing that.

Hi,

I am looking at a great deal and am looking for hard money lenders who can help me close it.

What's the best way to proceed with this? Can I find contacts of hard money lenders in the lender's section, or is the only way to achieve this through social connections and meetups?

Hello BiggerPockets community!

I’m Manish Kumar, and I recently moved to Apex, NC, from India. With a background in Engineering, I’ve developed a passion for real estate investment. My goal is to achieve financial independence through strategic property acquisitions and management. When I’m not analyzing market trends, I enjoy cooking, workout, woodworking and spending time with my family. I’m excited to connect with fellow investors, share insights, and learn from your experiences. Looking forward to engaging and growing together!

Feel free to reach out or share your thoughts!