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All Forum Posts by: Nick Belsky

Nick Belsky has started 8 posts and replied 1098 times.

Post: Looking to Connect and Collaborate with Real Estate Investors!

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Welcome @Grayson Montgomery!

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

Post: New Member- DFW

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Hello @Melanie Steele!

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

What a great market to be in.  We do loads of business in the DFW area.

Post: Affordable Housing Investor

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

@Sean Michel

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

I work with a few Impact lenders who specialize in LIHTC housing financing for stabilized and construction properties.

Post: Beginner looking for advice

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Welcome @Jerome Boudreaux!

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

Cheers!

Post: New member looking to start

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Hey @Laurence Mendonca!

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

Cheers!

Post: New to Site

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Welcome, @Erik Bayersdorfer!

Be ready for a wealth of information at your finger tips. Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.

I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources. We are here to help you and each other, so ask away!

Cheers!

Post: How Do You Scale Fix & Flip Operations?

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

@Duane Williams

Most lenders have some exposure limit for sure, but only 1 is a bit dramatic.  Have you worked with any mortgage brokers who specialize in FnF?  We have a plethora of resources to help fit your needs.

Cheers!

Post: Excited to Join the BiggerPockets Community

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Welcome @Bion General!

Be ready for tons of info and resources at your fingertips.  We are all here to help in any way we can.  I am on the lending side of things and always happy to discuss shop and various funding options out there, even if not within my resource pool.

Cheers!

Post: DSCR loan on owner occupied multi

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

@Robert Gonzalez

Most any DSCR loan is going to be chalked full of docs where you agree to NOT occupy the property while under the terms of the loan you are signing docs for. So to say, in a year or so you can move in is 100% mortgage occupancy fraud. Now, if you were to refinance to a consumer loan prior to moving, that would be perfectly legit. Keep in mind, many DSCR loans have prepayment periods, so if you enter into a 3 year ppp, then refi out after 12 months, you will have to cover some penalties at exit to the consumer loan.

Cheers!

Post: New Member Intro - REI and business owner in Central FL

Nick Belsky
Posted
  • Residential and Commercial Broker
  • Posts 1,137
  • Votes 643

Hey @Dima Trofimov!

Very interesting mix of businesses.  Congrats on closing your first few deals.  

Tons of resources here as I am sure you are already seeing.  I am on the lending side of things, so if you'd ever like to chat shop and options out there, let me know.  I am a preferred resource for a few folks in the wholesale lanes who meets clients that need funding.  

Cheers!