All Forum Posts by: Gina C.

@John Hickey thanks! I just reached out to Michael. I tried to add you but couldn't because I have 25 outstanding requests. But thanks for the suggestion!

Originally posted by @Odie Ayaga:

Welcome to BP @Gina C.! Different sort of path you're taking I usually see people starting with physical property and transitioning to paper! As far as building your team I couldn't recommend @Jessica Zolotorofe as an attorney who will fulfill all your real estate needs.

Thanks Odie! I'm actually already connected to Jessica on BP so I'll definitely follow up on that. But yeah paper seemed easier for me considering the lower amount needed to invest (I worked on 2nd position NPNs) and their relative "hands off" nature. But I'm ready to work with physical properties now. 

Originally posted by @John Hickey:

Gina Clarke get 1000 no's and keep going. I would look for both HML and deals.

 Thanks John! Will do. 

Originally posted by @Jason D.:

Do you have cash to put in the deal? As a new investor, any hard money lender is going to expect 10-20% down payment. When I was starting out I contacted a few HMLs to see what they offered, asked questions, and asked what they expected. I found a deal, contacted a lender I had spoken with, and they got me a pre-qualification letter to go with my offer. After the offer was accepted, I submitted a formal loan application.

 Hi Jason,

I do have cash to put down if necessary but the problem is in the conversations I've had, we never get that far. It's like as soon as I mention I'm new to this type of investing I get shut down most (not all) of the time. 

Originally posted by @David Weintraub:

@Brian Prudden why is no one calling you back? Is it the location?  The price point?

@Gina C. We spoke.  What you wrote above is somewhat of a refutation of what we discussed, no? 

 @David Weintraub yeah we spoke but no the above is reference to conversations I've had with other HMLs I'd met on here who told me they only works with experienced investors. It makes it a lot harder for me to shop around.

Originally posted by @Brian Prudden:

I can not help much but I am having the same problem in Newark. I had one deal fall through because they could not get me my loan I am working with someone new now not much better.no one call me back. but if you want pm me and if it works our will give you their number.best of luck

 Thanks Brian! I messaged you. 

Accidental double post of this topic. App crashed while I tried to post this and I thought it didn't go through. 

Hi guys, I know you've probably gotten this question a million times, but seriously when it comes to RE investing, should I secure the funding first, or the deal? I ask because I remember in one of the BP podcasts they mentioned you should have the funding first, and then worry about deals. But then I think in a different BP podcast someone said you should have the deal first or else HMLs won't even look at you (as a newbie). I've experienced this on both ends: I call HMLs and one of the first questions they'll ask is "do you have a deal?" Which of course, I do not yet. And anytime I try to reach out to RAs on Zillow about properties they almost NEVER respond (and I'll call/text/leave VMs, everything!), or when they do it's just to tell me that the property is no longer available. I reached out on BP and so far there's a lot of people willing to give me advice, but for the most part when I'm scouting around for deals or HMLs, the HMLs tell me that they only work with experienced investors, and so far the people I've reached out to in my area (Newark) about deals haven't responded. It just feels like it's a never ending loop where no one is taking me seriously. How can I get in? Am I doing something wrong or missing a step? I want so badly to be one of those members posting in the "success stories" forums. I evaluate deals, I run the numbers and I've only been following up on deals that would make sense (cents) and cash flow for me, but it's like I can't even...get in! I'm determined to at least have my first physical property before 2018, but it's extremely frustrating when you feel like you're doing the right things and yet...nothing. Any help/advice would be greatly appreciated. Thanks guys

Hi guys, I know you've probably gotten this question a million times, but seriously when it comes to RE investing, should I secure the funding first, or the deal? I ask because I remember in one of the BP podcasts they mentioned you should have the funding first, and then worry about deals. But then I think in a different BP podcast someone said you should have the deal first or else HMLs won't even look at you (as a newbie). I've experienced this on both ends: I call HMLs and one of the first questions they'll ask is "do you have a deal?" Which of course, I do not yet. And anytime I try to reach out to RAs on Zillow about properties they almost NEVER respond (and I'll call/text/leave VMs, everything!), or when they do it's just to tell me that the property is no longer available. I reached out on BP and so far there's a lot of people willing to give me advice, but for the most part when I'm scouting around for deals or HMLs, the HMLs tell me that they only work with experienced investors, and so far the people I've reached out to in my area (Newark) about deals haven't responded. It just feels like it's a never ending loop where no one is taking me seriously. How can I get in? Am I doing something wrong or missing a step? I want so badly to be one of those members posting in the "success stories" forums. I evaluate deals, I run the numbers and I've only been following up on deals that would make sense (cents) and cash flow for me, but it's like I can't even...get in! I'm determined to at least have my first physical property before 2018, but it's extremely frustrating when you feel like you're doing the right things and yet...nothing. Any help/advice would be greatly appreciated. Thanks guys

@Troy Luster thanks for the welcome! I'll keep networking on here and see where it takes me.