All Forum Posts by: Nick Belsky

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!

@Tara Montgomery

I look around on FB Marketplace or ask neighbors.  I've found many a good resource and far less that were not.

Cheers!

Welcome @Sebastian Romeo Harris!

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!

@Kylie A.

Yes, but have your lenders lined up before you dive in. Most traditional lender business purpose lenders will not lend on rural properties or in small communities. However, having both a DSCR and fix and flip lender at the ready who is fine with rural properties will be key. Often you can find these lenders with a mortgage broker or by reaching out to a local bank or credit union in the market you wish to buy.

Cheers!

Hello @Khaled Seirafi!

Loads of information on the forums and BP tools for you to expand your knowledge or find just about anything.

I am on the lending side of things and am always happy to talk shop with investors looking to learn more about financing options out there, even if not in my resource pool.

Looking forward to seeing you on the forums.

Cheers!

Welcome @Christian Artuso!

Loads of information on the forums and BP tools for you to expand your knowledge or find just about anything.

I am on the lending side of things and am always happy to talk shop with investors looking to learn more about financing options out there, even if not in my resource pool.  

Looking forward to seeing you on the forums.

Cheers!

@Kris Marmol

Depending on the specifics (construction or stabilized), I work with several institutional resources that are very competitive on pricing if you and the collateral qualify.  Would be happy to learn more.

Cheers!

Foreign income is not the issue as much as the guidelines were changed to that an NPR has be living/working in the US to qualify for agency lending.  There are several non-QM options that will work around that but with "hits" to the loan terms.  

NPR is non-permanent resident.  Even if you are a US Citizen and live abroad you may run into issues as you are not currently living/working in the US.  Using a relative or friends address to claim you live there when you actually don't is committing fraud.  Even so, you will likely be asked to verify you are living there via utility bill or multiple letters from 3rd parties.

Cheers!

@Zach Santos! 

That's awesome.  Congrats on your success so far and to future success as well!

I am on the lending side of things so feel free to reach out if you ever want to talk shop and finance options that are out there.  Always happy to talk shop and strategize with new and experienced investors alike.

Cheers!

@Austin Brummett

So encouraging to hear someone so young already has the mindset!  I love it!  This is a great platform to watch, listen, and learn.  Building confidence, a plan, and understanding your risk tolerance are all keys to success.  How you will measure success is also a vital part of navigating this industry.  

I am on the lending side of things and if you ever want to chat shop about financing, I am always happy to do so.  Reach out anytime!

Cheers!