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All Forum Posts by: Mark Munson

Mark Munson has started 0 posts and replied 414 times.

Post: Just Introducing Myself

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

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. 

Post: Looking to break into hard money lending!

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

Hi @Steeve Kurian

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

Post: New Investor finally ready to get started

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

Hi @Michael Chatman

Welcome to BP!

Post: 21 year old How to start the REI journey?

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

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. 

Post: Brand New and Ready to Start!

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

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! 

Post: Real Estate Investor

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

Hey @Kimberly Mckell

Welcome to BP! 

Post: Looking for Contacts

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

Hey @Greg Garza

Have you tried the NCREIA's Wilmington chapter?   

Post: Looking for a good hard money lender in Iowa

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

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.

Post: Just starting out

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

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! 

Post: New to the world of real estate investing.

Mark Munson
Lender
Posted
  • Lender
  • Orlando, FL
  • Posts 433
  • Votes 297

Hey @Sylester Pearson

Welcome to BP!