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All Forum Posts by: Robin Simon

Robin Simon has started 636 posts and replied 3875 times.

Post: First Flip lending concerns

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

Are you investing in New York?  One tip is that is a very tough state for flipping/investing too because of tough laws against lenders if needing to foreclose, just something to watch out for

Post: New Member Connecting

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421
Quote from @Cecilia John:

Hi Everyone! Just want to say how excited I am to be part of this group. I am brand new here and I look forward to learning from the best in the business.


 Welcome to BP!

Post: Condo Investment in NYC

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

Congrats getting started - advice, are you dead set on investing in NYC?  Very tough market for cash flow obviously and remote investing has never been easier

Post: Hi from San Antonio

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

Welcome to BP! what types of properties do you own currently?  all in SA?

Post: Still fairly new to investing

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421
Quote from @Edward James smith:

Hello, I currently own a single family house with an ADU, and a duplex. I have house hacked both properties while updating them. I've done my research with (reading books, podcasts, etc) but still feel like I'm not doing enough. I really want to do local meetups and interact with more advanced investors but don't know where to start. Any advice helps.


 Meetup.com is pretty good, I'd check out here on BP and facebook as well.  Spokane and CDA are great markets to be in 

Post: Best Alabama Investment Property Loans (Hard Money - DSCR) - Easy Street Capital!

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

More Alabama Rental Property Loans (DSCR Loans) and Alabama Hard Money Loans via Easy Street Capital!

💵Just Funded💵🧊BRRRR Loans🧊
$119,000 Hard Money Loan for the purchase and renovation of a 3/2 SFR in Huntsville, Alabama! This local realtor and investor in this surging market scoops up this property for a quick reno, then rent, refinance and repeat the process! "BRRRR"

💵Just Funded💵🧊BRRRR Loans🧊
$111,775 Hard Money Loan for the purchase and renovation of a property in Center Point, Alabama! This local realtor and investor utilizes market knowledge to scoop up this house - should renovate and rent quickly, another BRRRR financed by ESC!

💵Just Funded💵
$182,250 Acquisition DSCR Loan for the purchase of a Single Family Rental investment property in Mobile, Alabama! Southern Market SFRs continue to be a good strategy in this market - new 2024 build acquired - 7.875% Rate + 10-Year IO = rock solid 1.65x UW DSCR!

💵Just Funded💵🧊BRRRR Loans🧊
$244,500 Cash-Out Refinance Rental Property Loan on a SFR in Leeds, Alabama! Another Beautiful Alabama BRRRR funded by Easy Street Capital - 7.5 month turn to create near $100k of value (forced appreciation) and ~100% of cost basis cashed out! 💰💰💰

💵Just Funded💵🧊BRRRR Loans🧊
$215,800 Cash-Out Refi DSCR Loan on a triplex (three-unit) investment property in Alexander City, Alabama! This investor completes a quick triple-BRRRR, under 7 months for full renovation, leasing all three units, and refinancing! >100% basis back!

Post: Best Tennessee Investment Property Loans (Hard Money / DSCR) - Easy Street Capital!

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

More Easy Street Capital Tennessee Hard Money Loans and Tennessee DSCR Loans successfully provided to real estate investors in the Volunteer State!

💵Just Funded💵🛠️Fix And Flip Loans🛠️
$192,000 Hard Money Loan for a fix and flip investment project on a 3/2 property in Ashland City, Tennessee! This investor, a professional athlete by trade, puts capital to use to secure this 1971-vintage SFR for a quick renovation and flip!

💵Just Funded💵🏕️airbnb Loans🏕️
$900,000 Cash-Out Refinance Short Term Rental Loan (DSCR Loan) on a beautiful vacation rental property in Sevierville, Tennessee! Investor locks in 30-yr fixed at just 7.25%, cashes out nearly $900k (tax free transaction) to purchase the next one!

💵Just Funded💵🎷Memphis DSCR Loans🎷
$168,750 Refinance Rental Loan (DSCR Loan) on a Single Family Rental (SFR) in Memphis, Tennessee! This property is fully leased through December 2025 at market rents, providing stable cash flow for this investor post-refinance transaction!

💵Just Funded💵
$218,000 Acquisition DSCR Loan for a SFR rental property in Gallatin, Tennessee! Funded December 12, 2024 - Easy Street Capital provides a Rate of Just 5.625%! DSCR Doubters in Disbelief - our Rates still start at just 5.5% and are fully accessible for top borrowers!

Post: New Member + Agent - Clarksville, TN + Southern KY

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421
Quote from @Sarah Allgood:

My name is Sarah Allgood, and I’m a licensed real estate agent in both Tennessee and Kentucky.  I also have two buy-and-hold rental properties and am passionate about exploring unique financing opportunities.

Recently, I used a VA loan assumption to purchase an investment property at a 3.3% interest rate, which was instantly cash flow positive. There's a lot of misinformation out there, particularly around VA loan assumptions—one common misconception is that you have to be a veteran to assume a VA loan, which isn't true!

I'd love to share my knowledge and experiences with anyone interested in learning more about VA assumptions or other creative financing options. If you have any questions or would like to chat, feel free to reach out!

Looking forward to connecting!


 Welcome to BP!

Post: MHP in Virginia

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

Nice, congrats! Amazing what can come of just grinding volume with cold calling

Post: Multifamily Real Estate in Cleveland

Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,576
  • Votes 4,421

Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!