All Forum Posts by: Matthew Nixon

Interesting read. Thanks for sharing David.

@Zahrah Madison

We are based in Orlando and are active in the market. I'd be more than happy to tell you about our loan programs. Feel free to reach out.

Thanks for posting this @Kelly O'Quinn

It's walking distance for me so I won't have to pay for parking!! :)

@Ryan Z.

If I understand you correctly you want to purchase a house to live in and finance the purchase using hard money?

Most hard money lenders only finance business purpose loans, reason being the differences in the way the laws are written between consumer lending and business purpose lending. 

Hi @Kyle Scholnick

Check out the fileplace under the resources tab here on BP. I'm sure you will be able to find some scripts from credible BP members. Good Luck

Welcome @Jason Clark

Thanks for introducing yourself and sharing your goals with everyone here on BP. Hope to see you around the site or at the next meet-up event!

@Adam Ng

Just got an off-market deal sent my way in Kern County. Property is about 50-60 miles north of Santa Clarita. 

3/2 1456 sq ft. 

Purchase- 115k

Rents- $1250

I can send you more info if interested.

That is a good resource @Ian Cosley. Thanks for sharing. It appears they need to update to the most recent census data.

I interpreted your 1st question differently so hopefully between me and Guy we can answer what you are looking for.

1. A hard money lender is going to want to see that you have the liquidity to make the interest payments. So they are going to ask for proof of funds. This would be where ever the payments will be coming from i.e. bank account statement, line of credit, SDIRA, etc.

2. Whoever you want to be on title, whether that be you or a corp or llc. 

@Mauricio Hernández

Long gone are the days of the low hanging fruit. Good deals are hard to come by... But there are and always will be deals to be had in SoCal. 

Unless you want to market directly to homeowners, I'd suggest network, network and more networking. Attend meetup events, talk to some local agents/brokers in the area you are looking to buy, post an ad in the marketplace here on BP, Craigslist etc.

Not sure I agree that profit margins have been compressing since 2012. I've noticed the margins have gotten better compared to this time last year. 

Here's an article written about a month and a half ago that looks at flipping activity on a national level.