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All Forum Posts by: Robin Simon

Robin Simon has started 633 posts and replied 3759 times.

Post: Starting a HML Company here in DFW - Seeking Advice

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331
Quote from @Joseph Pytcher:
Quote from @Wyatt Ferm:

No appraisal is interesting. All the hard money lenders I've worked with in the past (and the one I currently work for) deem an appraisal necessary for risk management purposes to insure AIV and ARV estimates are good.

Curious how you'd manage risk without one? 

I'd mainly be lending in DFW. I am a licensed broker in Texas. I can figure out ARV without an appraisal easily. 

 definitely pretty common among Hard Money Lenders - just have to have a strong valuation team and expertise 

Post: Buying Property From a Friend That's Cash Flowing Already?

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

One thing to watch out for is the financing aspect of it - could be a hurdle getting a loan if the transaction is "non-arms length" - i.e. between "Friends" - might be worth looking at seller financing too

Post: The Newest New England Investor

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Welcome to BP! 2-4 unit in New England sounds like a solid next step!

Post: Starting a HML Company here in DFW - Seeking Advice

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Can certainly help with some of your questions and with getting started.  The terms you are looking to offer definitely appear reasonable and you should be able to get these offered out under a white label or table funding (maybe not all those terms at once, but likely covered through different options/programs, even with one lender)

Post: New member from Cleveland, OH

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331
Quote from @Allen McCann:

I am a new member from Cleveland, OH.  I am looking forward to connecting with the Bigger Pockets network.


 Welcome to BP!

Post: Short Term Rental AZ

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Congrats!

Post: Hi My name is Godsheritage

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331
Quote from @Godsheritage Adeoye:
Quote from @Robin Simon:

Welcome to BP, what type of strategy is the first deal - turnkey or some value add?


 Hey Robin, thanks it's actually a creative finance deal with some value add opportunity, so I'm really looking forward to learning a lot from this


 Nice - sounds like a cool way to start

Post: Hi My name is Godsheritage

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Welcome to BP, what type of strategy is the first deal - turnkey or some value add?

Post: WACO, TX FIiX & FLiP

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Congrats - love the design

Post: New Person Intro

Robin Simon
Pro Member
#3 Real Estate Deal Analysis & Advice Contributor
Posted
  • Lender
  • Austin, TX
  • Posts 4,456
  • Votes 4,331

Welcome to BP! What market are you in (or looking at?)