All Forum Posts by: Manuel Angeles

@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

@Collin Schwartz Very Cool ! That is definitely inspiring. Aside from you line of credit, did you use any other sort of financing for these acquisitions ? Or were these units acquired entirely using the line of credit ?

@Graham McBain

@George Smith

Great post, usually lenders need you to have at least 1 year seasoning before they can refi into a conventional type loan term. Have you asked your current Conventional Lender if that seasoning would be an issue ?

That is interesting , I only know how to structure JV's with private money but only for short-term loans... usually for fix and flips . I would love to see what other people have to say. @Jeff Petsche

You can search other real estate clubs in the area on www.Meetup.com... just search "Real Estate Investors San Diego"

Here is a list of all of the Real Estate meetup groups in San Diego:
https://www.meetup.com/find/?allMeetups=false&keywords=real+estate&radius=10&userFreeform=San+Diego%2C+California%2C+USA&mcId=c92101&change=yes&sort=recommended&eventFilter=all

San Diego is a great market to be a private lender. Attend the San Diego Creative Investors Association (www.sdcia.com). They have meetings on the 2nd Tuesday of every month. You will be sure to find some great potential partners.

Before the meetings, a lot of the attending meet at "Bully's Sports Bar," which is right down the street. That's where you get to know a lot of the investors in the San Diego area.

Great post, definitely learn a lot of tecniques that I can use in my Business. And I am sure many others can too

@Adrien C. Thank you for that input. Those are great %'s.... So out of 100 of PPC leads, 15% of them are actual leads... But out of that 15/100 leads, how many of those leads Actually Close ?