All Forum Posts by: Odie Ayaga

How are you looking to get started then Gina?

Welcome @Gina Medrano! Are you looking to get started on a house hack?

Not as many offering it now but it was around 6-9%

Do 3 things (especially since you have the benefit of nationwide travel):

1) Read books

2) Listen to podcasts

3) Network

No one can tell you what you should do they can only tell you what they know based on their experiences. You have to figure it out organically and those are the 3 easiest ways to do it.

I wouldn't pay to be a lender that sounds ludicrous to me. I can't fault someone who takes a program, and gets something out of it, but you could just go out there, meet investors and just become a lender for free and better yet, make money doing so. 

@Riley Hinshaw experience and networking. It's not particularly difficult I've met multiple lenders with multiple different offerings (not like I've heard of their companies, I have go to contacts at the companies) over the course of time. To me there's little more useful in real estate than networking. 

@Shanell Stevens I'd be happy to help, but I'm not sure what you mean. All hard money lenders have an LTV they are willing to go up to and points are associated. Some lend 70%, some lend 80% some lend 100%.

It would have to be unsecured they wouldn't have a lien. 

Yes I know hard money lenders that lend at 100% but not without points

Welcome @Amy Moreno! Are you looking to purchase a multifamily primary?

If the note would be collateralized by the property then it would be a lien and pretty much every institutionalized lender won't do a deal that way. If they're going to fund the entire purchase you'll probably want to talk to a securities lawyer if you're talking about multiple lenders for a property purchase.