All Forum Posts by: Mike Grudzien

Duane,
What not a HELOC at a good rate from your local credit union?
Why HEA?

Anthony,

Everyone above had a question about what the opportunity is and what you are trying to do.  The more you learn, as a new investor, to succinctly lay out the salient points of a deal and the strategy you are trying to pursue, the quicker everyone can cut to the chase and match advice and resources to your needs.  A seasoned investor can illustrate an opportunity in one well written paragraph.
Does that make sense?
Did that help?
Mike

Gabriel,
Your "ask" or stated case is extremely vague.  The more you are able to illustrate the salient points of a deal, the more folks will be able to weigh in, offer advice or even connect with you on an opportunity.
Does that make sense?
Did that help?
Mike

Use an attorney. Develop a real estate attorney relationship.  

@Chris P.,
Glad you found @Dan Gandee.  If you can mange to get even a little of his advisory time; it's worth it's weight in gold.  And I'm not overstating.  Over and above titles like "agent" or "broker", Dan Gandee is a real estate STRATEGIST.  He can slice and dice a deal a dozen different ways.  He primarily works with investors, either building or liquidating portfolios.
"One of the sharpest real estate minds in the business" (and even a nice guy to boot!)

p.s.Yes, I am prejudiced, but only because Dan has made me a lot of money and helped me avoid even more headaches!

Ouch!  Have you explored any other solutions than bleeding for 2-3 years?

"How can my partner and I"

Seriously, you will have to get real specific when you start filling out forms with a lender.  Get used to breaking down a deal and a ask with specifics.

Sean,
I concur with Kenneth.  The less vague you make your ask, the more focused results you'll get........

Theresa,
Good tips!  Especially the Google tie-in.
Mike