All Forum Posts by: Norman T Eng

So what are your thoughts on hard money, heloc, 401k, or finding partners?  Tying up 75k of my own money can be difficult.  Thanks!

 Hi Jacob, 

This would be an investment property.  I already have a home.  Sorry if there was any confusion.  

Hello All, 

I'm looking at my first purchase and based on my analysis it is a good deal.  I'm a newbie at this so I'm trying to figure out the best strategy.  However, the down payment will be 75k.  What are the best ways to get the funding?  Rich friends?  401k?

Hello all, 

I'm thinking of rehabbing a house. If the rehab costs, let's say, $80k, and I want to take out a loan. Is it better to do a hard money loan or a HELOC?

Hello All, 

When you buy using the BRRR method, what type of loan, time frame, and interest rate do you shoot for? Thanks, as I'm new to this whole thing.

@Ray Lai  If you have any templates for sending direct mail I'm interested.  I'm a newbie and need all the help I can!  Thanks so much!

Thanks for the info!  Now how different is it to get financing from a commercial lender?  Will the costs be significantly higher?

Hello All, 

I'm looking into buying a 6 unit property.  The numbers look good, but I was told I would need at least 25% down on the property.  Is it possible to get a bank/lender to finance 80-100% of the investment property?  Thanks ahead of time!

Thanks guys.  I'm learning about deal analysis and am new at this whole thing.  I'm just getting started and am trying to learn as much as I can.  Cheers!

There is a property that I'm looking at in GA. It's 6 units. rents are between $650-700. They stated the cap rate is about 7% but I calculated 3%. NOI is about 25% of current monthly revenue. It's also recently been renovated. Is it a good buy?