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All Forum Posts by: Noah Garza

Noah Garza has started 6 posts and replied 14 times.

Post: Presenting a deal analysis to a Lender

Noah GarzaPosted
  • New to Real Estate
  • Matteson, IL
  • Posts 15
  • Votes 2

@Crystal Smith Thank you so much for the feedback! With that in mind where is the best place to go to find the areas vacancy rate, the MLS?

Post: Presenting a deal analysis to a Lender

Noah GarzaPosted
  • New to Real Estate
  • Matteson, IL
  • Posts 15
  • Votes 2

I had a question on presenting a deal I have analyzed, using BP's calculators of course, to a potential lender. Is it a good or a bad idea to present more than one analysis on the same property? I currently save at least two PDF's on each property analysis I've done, one with the best possible out come as far as cash flow goes and one with some changes such as not getting the rent I expected or having more built in expenses. All scenarios I'm still cash flowing positively, any feed back will be helpful, Thanks in advance!!

Post: Financing my first deal

Noah GarzaPosted
  • New to Real Estate
  • Matteson, IL
  • Posts 15
  • Votes 2

Thanks for the information Jaysen, I do realize it will take some time to actually have the property cash flow. I probably worded it wrong. I want to have purchased the property within the next 4 months this does not include the rehab process. I appreciate the feedback.

Post: Financing my first deal

Noah GarzaPosted
  • New to Real Estate
  • Matteson, IL
  • Posts 15
  • Votes 2

I am new to real estate investing and my goal is to have my first positive cash flowing SFH property within the next 3 to 4 months. My question is with all the different financing options such as conventional bank loans, private and hard money lenders..etc. What is the average time you have before you have to start paying back any such loan. Im pretty sure its all different depending on the loan, any feedback would help, thanks in advance.