All Forum Posts by: Ryan Herting

We are so excited for the REI meetup we have in store for you! i Fund Cities & Hykal Homes have come together to create, for the REI Raleigh community, a different kind of meetup. Real estate investor meetups are all too common in the industry, but they lack a cohesive connection, community, or as we like to call it, a tribe. Real estate is all about relationships, partnership, and trust. That is why we want you to connect with individuals that give a damn about your success, and ultimately, for you to learn how to do more deals annually and scale your portfolios exponentially faster. There is one catch, you'll be doing this all while having fun.

We are investors just like you. we’re hustle and grit, not suit and tie. Like you too, we’re entrepreneurial, creative thinkers, and we value upfront, honest, talk about deals, business and life.

So join us on January 27th and help us help you by building Raleigh's local community of investors. It's time to connect with people, build a tribe, and kick some real estate investing A$$!

RSVP: https://www.meetup.com/r-e-n-t...

The Hosts
i Fund Cities: Erik Eichinger
Hykal Homes: Yohana and Roy Hykal

Hey @Arjan Manwani, 

Thanks for the update and congratulations! Yes, perseverance and relationships are really key in this business. Keep it up and let us know if you have any questions about scaling your portfolio. 

Ry

Hey BP Family, 

Do you need reliable working capital? If the answer is yes, keep reading. 

We are a direct lending platform (no we are not brokers, no we are not hard money lenders) we run a private debt fund focused on providing investors efficient working capital to scale their business. 

We would love to connect to investors to learn about your investment goals to see If our platform could be helpful in growing your business. 

Want to learn about us, you can watch this quick clip:

What you'll get with us:

Value Prop

Speed of capital – quick closing times (as little as 7 days)

Investors have access to “cheaper capital” than traditional hard money

Up to 10m in lending exposure per borrower – much greater than a bank

More leverage than a Bank Loan and Hard Money Loans

Our company is built by investors for investors. You get to work with experienced investors who've been in your shoes. 

Our platform does not “fee” you to death and is transparent – NO HIDDEN FEES

Hey @Ryan Casady, 

Any new meetups this coming week, Sept 20. I will be in Charlotte for the week getting together some more groups of investors. Also if anyone would like to network, let me know!

Hey @Clayton Swansen, 

I feel your hustle and grit from this post, so first I want to give you a kiddos for that bud. As for your question, there are some lenders who will be more flexible on credit than banks and that might be able to help you with a cash-out refi on your current property and then you can use that equity for your second rental property. I'm not sure how low your credit is, but it does help that you have GC experience. Would need to know more info to help you further, but I hope you get this accomplished!

Hey @Cameron Dycus, 

This is a great idea! Having a lender, private money, or family and friends partner with you is a popular strategy, but you sometimes might need more than just one lending partner. I always recommend to my client to have a diversified portfolio of lenders and once you have that, that sourcing capital will be much smoother as well as scaling your portfolio.

If you don't mind me asking, are you a newbie? The reason I am asking is that a money partner is usually going to want to see you have some experience before becoming a full-fledged partner. 

Hey @Joseph Feldman,

Any private, bank, or alternative lender will want you to have some skin in the deal. Think about it this way. If you are trying to have someone invest in your company, but you yourself had no money invested in the company, do you think others would trust in the success of your company?

To add, it's going to be very difficult as a newbie to get 0% down. The one thing I can recommend is asking family/friends. A lot of investors start off this way. Find someone who has experience investing in real estate who has completed a similar project that you are looking to do.

Hope this was helpful!
 

LENDERS SOMETIMES SUCK! Yes, we are lenders, but we can totally admit that getting funds for real estate isn't the easiest. 

If you want to hear our story and about our mission to help you, and the BP family, click the video below.

;t=18s

If not, you can read more words below.

I Fund Cities is an alternative lending platform born from the desire to provide you with reliable capital and a lending experience that’s all about speed, transparency, and partnership. Our company is doing things a little differently around here and some like to even call us the renegade in the lending industry - innovative and disruptive. Just the way we like it.

Here is one more shot to watch our story... It's only one minute and fifty-three seconds

We wish you all an epic investing journey, investor nation!

Hey @anthonycasa

For larger syndicated deals the GP's act as the guarantor and the LP's (limited partners) help supply liquidity to get the deals done. The GPs need to raise money from LPs

Hope this was helpful. 

Hey @Justin P. ,

Is the property non- owner-occupied? I see a lot of people saying this in the thread but don't see that you have mentioned it. Honestly, it really depends on what type of terms and lending experience you're looking for. With your banks, you're going to have to walk through a lot more red tape (you should keep it in mind especially being that this is an STR property). Also, you have more options than just a mortgage broker and your local bank. As mentioned before you can get a mortgage from a bank, retail mortgage lender, specialty mortgage lender, mortgage broker, credit union, and alternative lender.

I'm also curious, in general, about your portfolio.