All Forum Posts by: Richard Dale-Mesaros

Reach out to @Khemraj Sarju Jr. or myself to discuss 👍

* 100% Financing With NO Down Payment *

- FIX-TO-FLIP LOANS

- FIX-TO-RENT LOANS

- GROUND-UP LOANS

OUR INDEPENDENCE IS YOUR ADVANTAGE / We lend our own money and make our own decisions

✔ FAST / Close quickly; funding as fast as 10–15 business days

✔ RELIABLE / We don’t need third-party approval

✔ FLEXIBLE / We use common-sense underwriting processes, tailored to your unique situation.

Here are just three ways working with us benefits our borrowers:

1 - No down payment! / Other lenders require a 10%-20% down payment - We require ZERO.*

2 - YOU are the asset! / Other lenders underwrite loans based on the property’s asset value, as well as the borrower’s liquidity, credit, and experience. When we look at your liquidity and credit, we take a step further and also review your income and cash flow.

We can track your cash flow and success as they become more predictable — even if this is your first time with a fix-and-flip or fix-to-rent property! Naturally, any past experiences you’ve had with renovations are also considered.

3 - We keep it all in-house! / Other lenders rely on Wall Street underwriting guidelines and warehouse lines tied to these guidelines - All our decisions are made in-house.

We are focused on MUTUAL SUCCESS - With over 50 years of combined lending experience, we've made this product independent of outside influence. 99% of our short-term loans will remain in-house and on our balance sheet. This benefits you in having a reliable lending relationship, regardless of market changes.

States Serviced

Alabama / California / Colorado / Connecticut / Delaware / Florida / Georgia / Illinois / Indiana / Iowa / Kansas / Kentucky / Louisiana / Maine / Maryland / Massachusetts / Michigan / Minnesota / Montana / Mississippi / Missouri / New Hampshire / New Jersey / New Mexico / New York / North Carolina / Ohio / Oregon / Pennsylvania / Rhode Island / South Carolina / Tennessee / Texas / Utah / Virginia / Washington / West Virginia
/ Wisconsin

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  Here is a list of states divided into three categories, based on my internet research.  If you have any corrections to make please let us know. 

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate nor a loan secured by non owner occupied residential real estate

ALASKA 

ARKANSAS 

COLORADO 

CONNECTICUT 

DC

DELAWARE 

FLORIDA 

GEORGIA

HAWAII

IOWA

INDIANA

KANSAS 

KENTUCKY 

INDIANA

KANSAS 
LOUISIANA

MASS

MARYLAND 

MAINE

MISSOURI 

MISSISSIPPI 

MONTANA

NORTH CAROLINA 

NEBRASKA

NEW HAMPSHIRE 

NEW MEXICO 

OHIO

OKLAHOMA 

PENNSYLVANIA 

RHODE ISLAND 

SOUTH CAROLINA 

TENNESSEE 

TEXAS 

WASHINGTON 

WISCONSIN

WEST VIRGINIA

States which DO NOT require licensing for originating or negotiating a loan secured by commercial real estate but DO require licensing for a loan secured by non owner occupied residential real estate

IDAHO 

MINNESOTA 

OREGON 

UTAH 

VIRGINIA

States that DO require licensing for both residential and commercial real estate loan origination and brokering

ARIZONA

CALIFORNIA

ILLINOIS 

MICHIGAN

NEW YORK 

NORTH DAKOTA 

NEW JERSEY 

NEVADA

SOUTH DAKOTA

Hi, 

I am a new member in the beginning stages of creating my investment strategy. I operate a home services business specializing in property management, renovation, and general contracting. I obtained my real estate licenses in Maine and New Hampshire in 2023 under Keller Williams Coastal and Lakes & Mountains, Portsmouth, NH office. I currently do referral work through the holding company, Universal Principal Broker. I have completed a successful fix and flip and multiple remodels. I am looking to define my investment strategy in 2024 to become a full time real estate investor. I am happy to join Bigger Pockets and looking forward to learning from and working with the community!

Thanks,

Myles
 

I agree with @Richard Dale-Mesaros. It is a lot of work and you should really be talking to the municipality where you are looking to build.

I certainly wouldn't do a tiny home if I had to do all the site prep and bringing in utilities. I would build a regular home.

I agree with @Richard Dale-Mesaros. It is a lot of work and you should really be talking to the municipality where you are looking to build.

I certainly wouldn't do a tiny home if I had to do all the site prep and bringing in utilities. I would build a regular home.

Hello 

Newbie in STRs. Have a multi and few condos as long term rentals and wanted to diversify in STRs. Can anyone guide me through the process of buying land, getting permits and setting up a tiny home/s for STR in New Hampshire, 1-1-5 hours from Boston. Looking to buy tiny homes from company that do turnkey delivery. Also open to someone telling me this is not a great idea.