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All Forum Posts by: Shaun Weekes

Shaun Weekes has started 33 posts and replied 1673 times.

Post: Newby Needing Advice!

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Samantha Harrison:

Hello! I have been looking at getting into real estate for the past year or so, and my husband and I are finally ready to jump in. Here is our situation: we downsized about 2.5 years ago to a house that we had planned to rent out, we have about 36k in a HELOC that we can use right now to either buy another house to move into or put into an investment property. We just had a baby back in October and are not keen on the idea of moving right now, plus our mortgage is crazy cheap so we don't really want to lose that right now either. So, we are looking at putting the HELOC into a long-term rental property. The homes we are looking at are between 75-120k and I would really like to stay in the lower range of that so we can generate a better monthly cashflow, however I am learning that most lenders will only go as low as 75k (which would actually be a 100k deal with 20% down). My advice needed- are there any other lending options to purchase a house that has an 80-90k asking price? I am having a hard time determining the best way to get a good deal done if I can only get a loan to cover a purchase price of 100k or more.


If you're looking to expand in IN I would for sure reach out to small, local banks that have no more than 10 locations. Make sure the bank has a commercial department and develop that relationship. I would also let the bank know that you're willing to open an account with them and deposit your monthly rents. This might help with the interest rate and build a stronger relationship.

Congrats on the baby!

I hope this helps and have a good one.

Post: Assistance needed thank you

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Tiara Fair:

I recently purchased/ mortgage my first residential home in December 2023

Now I'm trying to purchase my 1st investment home in Detroit Mi. Having trouble finding a lender to lend no more than 60,000 with me putting down around 15 percent . Any advice 


Your best bet is to look for a local Loan Officer to the area. They will be used to lending with lower loan amounts and since conventional loans will go down to 15% on 1 unit investment properties you have a shot. I would also call local banks in the area or county that have 10 or less locations. These smaller banks that have commercial departments want to lend on properties in their area. Especially if you're rehabbing the unit. These will be your best 2 options since most brokers and DSCR lenders won't go under 75k loan amounts. Good Luck!

I hope this helps and have a good one.

Post: New Members Oklahoma

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Sara Goldin:

Good Morning!

My husband and I have dabbled in Real Estate before, but we are really looking forward to creating a more diverse portfolio and learning in the current market. 


Welcome to BP. You'll find pretty much everything you need on this site to diversify and increase your portfolio. Enjoy, read, and do your research.

I hope this helps and have a good one.

Post: Loan product to avoid impending failure??

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Tony Pellettieri:

Based on the research I've done, I believe we need a Bridge Loan. What do you think? Details below...

We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.

To help bring you up to speed on what's transpired over the 11 weeks we've been in business...

We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.

We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.

My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.

My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.

Recently, I started researching the underwriting timeline for DSCR loans. Having just found out when credit is pulled and the appraisal is done in the loan process, I now think we may not be in an ideal position, and potentially not in a position at all, to take out a 30 Year Loan in the coming weeks.

I believe adjusting course, at least temporarily, may be the only way to continue moving forward. I foresee us being stopped dead in our tracks due to mutual insufficient credit scores in the near-future and the inability to perform a cash out.

Any input would be much appreciated. Thank you


When you get these credit cards paid off you need to use business credit cards moving forward. Most of these cards don't show up on your personal credit report so your 700 plus fico score will stay that way.  This is also a great way to start up your business credit profile.

A bridge loan or blanket loan is the way to go and with free and clear homes I'm sure you will be able to find someone who can assist you.

I hope this helps and have a good one.

Post: Aloha From Hawaii🌺

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Janessa Rivera Keahi:

Aloha All, 

Newbie investor here from Hawaii looking to start investing in out of state, Kansas City, MO to be exact. Looking to utilize the BRRRR strategy for my upcoming properties to build that portfolio of cash flowing appreciating properties! Right now, I'm currently working on raising funds for my first deal :) If you or anyone you know
 Is looking to invest with competitive terms, let me know! I look forward to connecting with a great bunch of people who are all striving for FINANCIAL FREEDOM & GENERATIONAL WEALTH💰🙌🏼


Welcome to BP and would recommend reading over as many threads of interest as possible to gain knowledge and insight on many different perspectives. This site has so many resources for new and experienced investors. Good luck and have fun!

Post: Seeking Insights from Experienced Realtors: Generating More Leads and Closing Deals

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Erick Armando Gonzalez:

Hey BP Fam,

As a seasoned realtor with a few years of experience under my belt, I've been consistently seeking ways to boost my lead generation efforts and ultimately close more deals. While I've implemented various strategies over time, I believe there's always room for improvement, and I'm eager to learn from the experiences of others in the field.

I'm particularly interested in hearing from those of you who have been consistently closing deals and have found success in generating high-quality leads. Whether you're working with residential properties, or specializing in a niche market, I'm keen to learn about what strategies have worked wonders for you and what tactics may have fallen short of expectations.

Some specific points I'd love to discuss include:

  1. Where have you found the best leads or prospects? Are they coming from online platforms, referrals, networking events, or other sources?
  2. What specific lead generation tactics have you found to be most effective in your market? Have you had success with social media marketing, email campaigns, direct mail, or any other methods?
  3. Conversely, what strategies have you tried that didn't yield the desired results? Understanding what hasn't worked can be just as valuable as learning what has.
  4. How do you nurture and maintain relationships with leads to ensure a higher conversion rate? Are there any tools or systems that have helped streamline this process for you?
  5. In today's digital age, how important do you find online presence and branding to be in attracting leads and closing deals?

Feel free to share your insights, success stories, and even the challenges you've faced along the way. I'm open to learning from all perspectives and excited to engage in a fruitful discussion that will benefit us all in our real estate endeavors.

Looking forward to hearing from you all!


I'm not a realtor but I have seen some Realtors do the following to really increase their business significantly coupled with somethings that I do personally as well.

1. Really pinpoint a niche and become a specialist in that realm. Maybe you only work on Probate listings, Divorce listings (I know but unfortunately, it's a thing in CA), Seller Only agent, Buyer only agent, only working with investors (This is great because they keep coming back if you do a great job)

There's so many more but becoming a specialist will allow you to hyper focus on one area of RE as a realtor and dominate that segment.

2. Make sure you're well known in the city and or area that you want to do business in. Out here in Rancho Cucamonga, CA we have the Angels A ball team and there's always this one Realtor who advertises at the ballpark. She is well known for a certain type of listing and is pretty much the go to realtor out here and the general area for this segment. Also, being active in the community is great for multiple reasons.

3. I know another Realtor that is so good at sending out birthday cards and cards during the Christmas Holiday like clockwork. By doing this people will always remember and will refer you. Sending out a little calendar at the start of the year is also great. One of the ones that go on your fridge works well in my opinion.

4. An online presence is important but constant contact is the most important. Like I mentioned above. Lastly, give, give, give, give.... If you can do this, you will earn business on a consistent basis.

This is all from watching and listening to realtors over the years and many of these points are things that I do for my mortgage business on a regular basis.

I hope this helps and have a good one.

Post: Hard Money Loan Officer Wanted-Houston, TX and surrounding areas

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Eric Feldman:

Longhorn Investments is a multi-state, direct hard money lender looking for someone to represent us in Houston, Texas and surrounding markets.

Marketing and promotional expenses will be provided. Full operations support in our corporate office.

Compensation is based on a percentage of funded loan amounts. Successful Loan Officers in other markets are earning $20,000 - $30,000 monthly with unlimited upside. We are currently looking for a hard-working, sales-oriented, energetic candidate that is passionate about helping clients meet their real estate investing goals!

The job description is below. Please send a resume if interested by replaying to this ad or email [email protected]

Driving Growth

  • Responsible for generating leads, contacting potential borrowers, and promoting products or services to drive sales.
  • Follow up on leads generated through Longhorn Investments marketing program.
  • Present and sell loan programs to new and existing borrowers.
  • Facilitate the loan transaction from marketing to origination to processing.
  • Expand business reach through networking and sales techniques. Engage in cold calling, networking and attending and participating in real estate investment meetings to build relationships.
  • Utilize loan origination best practices playbook.
  • Utilize IT programs and solutions to process loans, grow business and enhance relationships. Pipedrive, Floify, Palm Agent and SFR data.

Customer Experience and Borrower Education

  • Loan Consultants prioritize the customer experience and possess superior customer service skills. Effective Loan Consultants strive to exceed customer expectations, provide advice and suggestions specific to a borrower's needs and are accessible and responsive to the borrower and everyone else involved in the process.
  • Specialize in assessing loan applications to ensure potential borrowers can meet their investment expectations (analyzing the deal). Includes conducting interviews with applicants, initial review and verification of documentation, and evaluating financial credit and other records.
  • Strong communication skills.
  • Resolve borrower inquiries and complaints.

Qualifications

  • Ability to build rapport with borrowers and other real estate investment contacts.
  • Ability to prioritize, multitask and meet deadlines.
  • Loan Consultants are organized and proactive.
  • Interpersonal skills to work with a wide variety of people each day, build relationships and network.
  • Confidence and strong self-assuredness to succeed in cold-calling borrowers and making a sale.
  • Communication skills, especially persuasion, to clearly convey the benefits of a product to potential customers.
  • Physical endurance, as Loan Consultants may need to be on their feet for long hours, spend a lot of time traveling between locations and carry heavy products.
  • Proficiency in using MS Office, specifically Outlook, Word, PowerPoint and Excel
  • Comply with all company policies and procedures.
  • Ability to educate on subject of hard money loans as well as knowledgeable on Longhorns programs and processes.

 Hello Eric,

I sent over a dm.  Let's chat.

Post: Portfolio refinance - properties under $100k

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Harrison Goldblatt:

Hello BP Community,

I have 5 properties financed with hard money that are worth between $65k and $95k in Cleveland Ohio. I bought most of them in July and one in April, so they are all at least 3 months seasoned.

3 of them I believe I have enough equity to do a cashout refi, the other 2 would probably only be suitable for a rate and term. The biggest obstacle appears to be the low valuation.

Is anyone interested in helping me refinance these? They all cashflow well.

Thanks! My email is [email protected]


 The best thing for you to do is find a small bank in the county you purchased your homes in.  They will be used to these loan amounts.  Also, building a relationship with the bank will help you in the future, especially purchsse wise.

Post: A client looking for off market Medical Buildings to purchase anywhere in the USA

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757

Hello BP,

I'm helping a Realtor I'm friends with. She has a client that is looking for off-market medical buildings, preferably in California but they're open to all 50 states.

Starting at $25,000,000.00 up to $200,000,000.00 and above if it’s a building(s) that have at least 80% occupancy and at least a 6% cap rate and within 5 miles of a hospital.

Please only respond if you're the owner or a realtor that has a pocket listing. I don't want to waste anyone's time or mine on this. Thank you.

Post: Looking for help/mentorship with my 1st BRRRR

Shaun WeekesPosted
  • Loan Officer / Processor / Life & Health Agent
  • Rancho Cucamonga, CA
  • Posts 1,784
  • Votes 757
Quote from @Diya Rs:

Hello, 

My husband and I are relatively new to the real estate space. We own a couple of SFH in TX that cash flow a little bit. Some were new constructions and 1 was in great shape and didn't need any rehab. So, we're brand new to BRRRR. We have a basic idea from watching podcasts but have 0 experience. How does one get started? I know there is tons of info on BP but, is there a guide that one could follow or gotchas/caveats/things to watch out for? Is mentorship available for something like this? May be like partnering with an experienced BRRRR investor who is willing to coach. I don't even know if this is a thing. I'm just thinking out loud. Any help or direction here will be greatly appreciated.
Given the current market and mortgage rates, it is so hard to cash flow in the markets we're looking at - San Antonio Area, Charlotte Area, Huntsville, and Atlanta Area. We're open to other areas as well. 

There's a lot to the BRRRR Strategy that many first-time investors don't look at. It's imperative to find out where you want to invest, how much you want to invest and what type of investment property suits your needs. To do this you also need to research areas of interest based on a criteria. After all of this is completed then you can work on getting your core/main 4 set up and dive into that stage. Just make sure that you do a lot of research and don't just jump in right away. Many mistakes can be avoided when you take the time to go through all stages of your business plan. You can do it but take your time and learn.