All Forum Posts by: Ryan Cameron

I was just kicking around this idea since watching a video last night.

Using lending sites such as lendingclub to finance my next deal.

Pros:

-easy application process (takes about 2min online)

-turn around time (could have funds in your account within 2weeks)

Cons:

Higher interest rates

I am seriously considering trying this, even at a higher interest rate, I could easily re-fi the property in a year for a lower rate. And I could still be cash-flow positive even at the higher rate

Please share your thoughts on this method of financing

Great post. The housing prices in my area are not "high", but more important is if we experience another market "slide" and lenders start to tighten up the lending criteria. As a new investor, I am not cash strong so I need financing for my deals.

Hello fellow BPer's

I am a Buy and hold Real estate investor with a few rental units. I am looking to expand my network and knowledgebase in this community. I operate in the Philadelphia area but I am open to testing new markets.

I'd like to learn more about conventional and unconventional funding strategies, as well as some good real estate software.