All Forum Posts by: Manuel Angeles

Some investors are saying that we're due for a correction because cycles come every 8-10 years. The last down turn was 2006. What are your opinions ?

How has the state of the market affecting your decisions to either buy or sell ? Locally and/or Nationally ?

What Indicators are you watching to track the status of where we are in the cycle ?

I'm going to try the $1 trial for 15 days.

@Jeff S. I attended AAPL 2016 in Vegas at the Cesar's Palace. Awesome information, met great people. We are opening up a fund and wanted to meet with note buyers there.

Pitbull conference is another great one for lenders.

@Sterling Anderson Thank you for post this, I just sent you an email .l

If you're trying to syndicate, there are tons of attorneys who can help you draft a PPM. You can contact @John Baker, he may be able to assist: https://bakerlawgroup.com/

Also EB-5 money could also come into play on developments like that. A List Partners is good with helping investors on those type of ventures: www.AListPartners.com

@Collin Schwartz Usually we do not lend on buy and holds, typically we send those to Sprout Mortgage or Lima One. They can give rates that are more geared to long term holds, in the 5-6% interest rate range. 

At Sprout Mortgage, I work with Chuck Campbell. At Lima One, I work with Dalton Ellis

All of the properties you're buying already stabilized ? or are you repositioning them like what Dave Lindahl does in MultiFamily Millions ?

I am still working to acquire my first property. I live in Los Angeles California, so cash flow is not that good unless you go more into the more rural cities. but there are many opportunities for reposition and value-add plays here 

Whats Up Bigger Pockets Family !

In your opinion, 
Who do you think are the best Real Estate Gurus for each Real Estate Subject:

Example:
Best Guru for Wholesaling: 
Best Guru for Raising Private Money: 
Best Guru for Multifamily Repositions: 
Best Guru for Fix and Flips: 
Best Guru for Marketing : 
Best Guru for Realtor Training:
Etc......

Which of those have provided you with the most value ?

Which one of them has the biggest following ? 

Which ones are the worst ?  

Have any of these Gurus ever scammed people ?

Who are the ones that operate from the heart, with integrity ?

@Brandon Davis 

@Lukas Vanagaitis

@Anthony Susco

@Clayton Barnes

Are you going to pay all cash for these projects ? Looks like a great decision. As long has they have good work, and their past finished projects have sold fast on the market, you should be gravy.

@William Kelly @Alexander Felice

Great post, definitely learning a lot from the input provided by everyone

@Jason Unrath Great post ! Usually hard money lenders and private money lenders want to see experience and some skin in the game. If you don't have experience, find someone local who is to partner with you. If you don't have capital, do the same thing - find a partner who has cash to put down as skin in the game. 

As long as you have an LLC or Corp on Title, and within that corp you have someone with experience and someone who has cash to bring down, then you should be able to get approved easily.

Some lenders, like RCN can lend on 1st Time flippers, but they need at least 20% down payment towards purchase