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All Forum Posts by: Mike Grudzien

Mike Grudzien has started 1 posts and replied 330 times.

Post: How Are You Supporting Investors This Holiday Season?

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

I answer my phone 24/7.
Seems to either impress people or surprise them....

Post: HELOC and/or 2nd Mortgage for Rental Properties (w equity)

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

I just like credit unions better.  

Generally:
--better rates
--local relationships
--local decisions

As I said: generally.

Post: FREE Online Short-Term Rental Conference

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

I think that this is advertising. 

Maybe post it in the Classified section?

Post: Private Money Contract

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

Brock,
I completely agree with Chris and Brandon above.
Get. An. Attorney. Period.
I love my family, BUT the stories of issue with family doing business with family are ubiquitous.
I hope all goes smooth for you and everyone is happy, BUT......
My 2 cents,
Mike

Post: 2025: How to tap into OPM

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

Try networking locally with real estate groups, investor groups, rental owner associations, a local REI, etc. You need to connect with people, form trust relationships, learn from others in your area and you'll be surprised how opportunities open up. But yo have to pay your dues first by connecting, attending and networking.
My 2 cents,
Mike

Post: Boardgames and other low cost amenities in STR

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

I have no idea.
Never even thought of it.
I'll check it out in Oregon.

Post: Is anyone getting 5% rate Loan?

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

Well, let's see...
It must be a legit company if it's on Facebook...
I love the business-like font for the title...
If it looks like a duck, and quacks like a duck...

Run, don't walk, away...

Really, 5% in December of 2024.....

My Spidey-sense is tingling and so should yours...

My 2 cents,
Mike

Post: Lessons Learned: VRBO Pre-Approval is not for me (or most people)

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297

All I can say is: OUCH!
and of course thanks for the info!

Post: Seeking Private Lenders Who Use Their Own Capital

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297
Quote from @Jacqueline Wright:

Hello BP community!

I’m looking to connect with private lenders or investors who actively lend their own funds for real estate projects. Whether it’s for flips, rentals, new construction, or other investment opportunities, I’d love to hear about your experiences or recommendations.

If you’re a private lender using your own capital, I’d especially love to hear from you—what types of deals do you prefer, and what’s your process like?

Let’s share resources, build connections, and strengthen our networks. Feel free to drop your insights, experiences, or contacts in the comments!

Looking forward to hearing from you all.

Try networking locally, in person, with real estate groups, associations, rental owner associations, investor groups. 

Post: Boardgames and other low cost amenities in STR

Mike Grudzien
Pro Member
#5 Short-Term & Vacation Rental Discussions Contributor
Posted
  • Lender
  • Eugene, OR
  • Posts 354
  • Votes 297
Quote from @Collin Hays:
Quote from @Marc Shin:

@Mike Grudzien how much should i be spending for a bottle of wine?


 You can usually get Boone's Farm for under $15.  


 I think Collin is being a little tongue in cheek with the Boone's Farm comment.

I work with a local, large wine store, wait for their semi-annual sales when they compound discounts and buy 2 cases of each (white & red) for the largest discount.
Basically I'm setting out wine that retails for $11-12-13 that I have paid $7-8 a bottle.  The "second bottle envelope" is marked "$10"