All Forum Posts by: Shaun Smith

In regards to a refinance? Most lenders should have an option for you to pull cash out, especially if you owe 0 on it. 

Hi Louis,

I happen to know a company that will work with first time investors as long as they have owned another property before. Some HML are wary to lend to someone who has never owned any real estate

Depending on the Lender they can offer a Proof of Funds with a simple check of Credit and seeing assets. That way you can look at properties knowing you are approved

Just saw this and wanted to share, not really looking for feedback but wouldnt turn it away either 

https://www.investopedia.com/investing/simple-ways-invest-real-estate/

Depending on the HML you could refi up to around 65% or maybe higher depending on the lender. But like the bank the HML would want to be in First Position.

Have you given hard money a thought?

I agree we were just talking about this in our morning meeting.  Private/Direct lending would be your best bet once you hit that threshold 

If you don’t build your dream, someone else will hire you to help them build theirs.

Definitely get a proof of funds letter first. You wouldn't want to miss out on a great property due to not having all your ducks in a row

@Brent Crosby what states are you looking in?