All Forum Posts by: Mark Munson

Hi @Elda Asheley

I am a member of the North Carolina Real Estate Investor Association and just spoke there in Charlotte about financing. Feel free to reach out if you want to see what options you have. There are no restrictions for new investors, so happy to help. 

Hi @Renee C.

Welcome to BP! Best of luck finding your first deal in Pittsburgh, feel free to reach out if you need any advice. 

Hi @Steeve Kurian

Are you looking to lend your own money or are you looking to get in as a loan officer? 

Hi @Michael Chatman

Welcome to BP!

Hi @Kenneth Lewis

I'm in Orlando as well. I co-operate a brokerage that works solely with investors on the financing side of things. There are a lot of great meetings and resources around here that are geared towards investors. Feel free to connect, I'll be happy to help you where I can. 

Hey @Tyler Shelton

Welcome to BP! You can find good lenders through the Find a Lender tab up top. Feel free to connect if you need any advice, best of luck! 

Hey @Kimberly Mckell

Welcome to BP! 

Hey @Greg Garza

Have you tried the NCREIA's Wilmington chapter?   

Hey @Andrew Jones

It's unlikely you'll find 90% LTV on a long-term loan, like a DSCR loan. Most are going to cap at 80 or 85% LTV. If you go into a rehab loan, assuming there is a value add on the property, then you may get 90% of the purchase price + 100% of the rehab funds, so long as you are not exceeding 75% of the ARV with the loan amount. Then you can refinance into a long-term loan.

Hey @Salena Miller

Welcome to BP! I'd suggest starting by joining your local Real Estate Investor Association and attending any real estate meet-ups in your area. Find like-minded people that are also looking to or already investing. Figure out exactly what you want to focus on for the year and don't get distracted by the various ways you can make money in real estate. For most people starting with limited capital, it is usually best to start flipping to be able to re-inject capital back in your company. Feel free to connect if you need any advice. Best of luck!