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All Forum Posts by: Steven Garza

Steven Garza has started 7 posts and replied 17 times.

Post: Hard Money Lenders

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7
Quote from @AJ Exner:
Quote from @Steven Garza:

Hello all, I am in the phoenix area looking for any advice or recommendation's on HML's. Ones that are investor friendly even for newbies maybe that don't have crazy draw processes or issues with receiving funds in a timely manner. Any and all suggestions are greatly appreciated.4

Thank You


Hey Steven,

Going to vary quite a bit by initial leverage and your FICO in particular. There are still HMLs out there that might look more like a non-QM lender, but if you have a good credit then they might still be willing to do some pretty heavy leverage.

Are you looking at investing largely in AZ or are you looking elsewhere?


I am looking right now only in AZ as this is where I reside. I just had my credit pulled last week for a HELOC and it was 844. Im still learning the process and lingo for it all.

Post: Hard Money Lenders

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7

Hello all, I am in the phoenix area looking for any advice or recommendation's on HML's. Ones that are investor friendly even for newbies maybe that don't have crazy draw processes or issues with receiving funds in a timely manner. Any and all suggestions are greatly appreciated.4

Thank You

Post: Fix and Flip Calculator

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7
Quote from @Jacob Sherman:

you want to do 30% down on the purchase , add the construction budget and divide by .65 to be at a 65% arv . The arv number that comes out is where it will make sense to be 


Thank you Jacob Is 65% ARV a good number to be at in general? I'm in the Phoenix area.

Post: Fix and Flip Calculator

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7
Quote from @Liam Maher:

Would something like this work?


 Hello Liam, I do not see anything?

Post: Fix and Flip Calculator

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7

Hello all, does anyone have a good accurate flip calculator they use in order to decide if the flips are good deals? Hitting the numbers you need in order to be profitable.

Thank You.

Post: Good ARV Percentage To Offer On Flips

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7

I am a brand new investor like very new and i am looking to do my first flip. I am finding out very quickly that there is A LOT of things you have to know if you want to be profitable. A a basic starting out foundation what is a good percentage of ARV that ii should be looking to offer on properties in the Phoenix (Valley) area. Any and all help is greatly appreciated!

Post: ''OFF MARKET'' PROPERTY OFFERING

Steven Garza
Pro Member
Posted
  • Posts 17
  • Votes 7

Hello BP community,

I am looking to purchase my 1st investment property, I am going to try the 90 day challenge. I have a TON of questions as a newbie in all of this which I am finding a lot of answers to using BP. I would like to know, when finding off market deals how do you come up with an offer price? Since the home isn't on the market how does one know the price of it prior to making an offer? Any info would be greatly appreciated.

Thank you.