All Forum Posts by: Shion Queen

Thanks @Kyle J. for the reply. Are you in the lending industry? Would love to pick your brain. 

What about if you were recruited to work for an institutional PML? Do you need a license to collect information from borrowers in the state of CA? I’m trying to find a great source for the rules and experience from current brokers. Would you be considered a broker if you aren’t negotiating terms or rates? I’m trying to understand the rules, job titles and functions. 

Thank you for your response.  That was something that I considered as well.  I have looked into meetups and clubs as well.  I am still vetting my options and searching for the right fit. 

Welcome to BP! I am glad to know of a realtor in Orlando.  I have been looking at the market and glad to make a connection.

I want to join a mastermind group for networking and real-time meetups/Q&A opportunities.  To join, I have to sign up for an educational package from a 3rd party which is Renatus.  I'm NOT interested in selling anything (other than RE), but to gain access to more knowledge and established RE investors that I can bounce things off and partner with. I know it is here for free, but I also want a more active circle to help me.  Any thoughts, experiences, or reviews?  

How do I prepare myself to make an offer on a house paying cash from a HML? I want to make sure I am pre-approved and have the proper paperwork ready if the seller is interested. What contracts do I need? What's a quick step by step? Is it possible to get a HM Loan if there is about $200k of equity w/o putting more money down?

Can you refresh my thought process on investment property financing?  If I finance a property as an investor (not a resident) on a duplex that is occupied with long term tenants and I put 20% down, would it be realistic for me to qualify if I have a high fico and the rents offset the mortgage?  I am concerned about the debt to income ratio. And what if the dwelling wasn't rented out yet, does that pose a financing challenge as well? 

Great post and responses. How do you find good syndications to join? I found a few but didn’t qualify.

@Lane Kawaoka I use that in most walks of life and have done ok.  The hard part is, I have limitations that they don't have so starting out small and evaluating the "less expensive" market is where I am having a challenge.  If it was where I live, I would be less vulnerable, but we have to start somewhere. 

@Aaron K.You are very correct, but it is not feasible for me to visit every area I am evaluating.  I would love to invest locally, but Los Angeles is a hard market to jump into. I have about 4 areas I am researching and if I can get a hint of reliable intel to warrant a visit, I am not above that. It is just so difficult to evaluate information if you don't trust what you hear. Who purchases OOS without visiting? Is this a big no-no?