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All Forum Posts by: Ryan Deasy

Ryan Deasy has started 25 posts and replied 500 times.

Post: Looking For Advice/Mentor For My First Flip

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Andrew M.

great that you have parents in the business. for me, it was the financing that always held me back. def get that squared away. i would hihgly recommend hard money. thats how i got started doing BRRRRs and flips. happy to share more.

Post: Financing Flipping a Home

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Dezmond Rozek

welcome to BP! hard money is going to be your best and easiest bet, especially if you plan on borrowing funds to help get into the deal. i have done this before. happy to share more info.

Post: Strictly Hard Money Lenders

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Tyler Solomon

yes! i work with someone who just does HMLs. happy to share the contact info.

Post: OUR LATETS PROJECT: Richlands NC FLIP!

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Chris Tarpey

wow 40 days is impressive. good for you and great looking house!

Post: New Investor Seeking Input on Plan

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Justin Molzhon

.thanks for your service! glad that you are thinking about real estate even without people doing it in your circle. best think about hard money is that the rehab is 100% covered. just because you can get into a deal doesnt mean that you can afford the rehab and i have falling into this pit before. happy to share more experiences.

Post: Looking for loan for upfront purchase costs

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Steven Bialecki

hey thanks for all of this info. i might be able to offer some suggestions. i know the HML i work with allows use of other funds like heloc, loans etc. he offers a loan on the side to supplement the down payment. let me know if you want more info.

Post: $50k saved. Where to start?

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Vivan Bhalla

hey good for you on accumulating that much money for yourself. you will all of that and more to get into a decent deal, depending on area. important to align yourself with a good finance partner, that helped me alot. happy to share more.

Post: Newbie finally gets first deal done!

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Shannon H.

couldnt be more right about making sure you have a buffer, but glad it worked for you!

Post: New Investor Hard Money Lending

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Hensly Veras

HMLs do value experience but that doesnt preclude you from being a borrower. i can get you financed with no experience. the terms wont be as good as someone with alot of experience but its doable.

Post: Is this Hard Money Loan application a scam?

Ryan Deasy
Posted
  • Lender
  • Farmington, CT
  • Posts 542
  • Votes 322

@Bryan Normal

everytime i have talked to someone on the phone and its hard to understand them or the phone is cutting in and out, it has been a scam. those rates and terms seem a little too good to be true.