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All Forum Posts by: Kirk R.

Kirk R. has started 69 posts and replied 927 times.

Post: Dentist looking to become real estate agent

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383
Originally posted by @Andy Reichert:

@Kirk R. That’s a really good idea. I’m a dentist as well. How would you recommend becoming a hard money lender? Are there any best practices one should consider to get into it?

 I'm pretty ignorant as far as hard money lending.  Someone was saying irr $40k is maybe minimum to try to get hard money (not loaning).  I would maybe start a new thread. 

Post: Paralysis by analysis...🤔

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

pick a bank any bank call bank ask for money

Post: Starting from Scratch

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

1. call bank apply for a loan

2. call bank apply for a loan

3. call bank apply for a loan

nice job.  are you gonna let things settle/learn ropes some? or back on the hunt? 

Post: How to market to SOI without damaging relationships

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

im not sure what acronym soi is.  sphere of influence? but selling/doing business with people I know has not worked best for me.  But I'm pretty small time.

Id rather work with people that are wanting to buy vs trying to sell to someone i know.

iv nnever thought it a good idea to date someone i work with.  then gotta see them at work. 

i have different personas.  when i go to work.  when I'm with my gf.  when I'm interacting with tenants. etc etc

if tthey are really really interested I'd do business with them.  otherwise no. I think your radar is tracking right. 

Post: Lending... Help needed

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383
Originally posted by @David Palmer:

I would like to purchase and move into a triplex property using an FHA loan. I currently own 3 duplexes, 2 conventionally financed and one FHA financed. I have paid down the fha duplex owning 10%. Can I refinance that into a conventional loan without paying anything other than closing costs? I do not live there, so would I have to put down another 10% to do so?

 ask a bartender or call a banker ha! banking rules changing faster than the weather these days! 

Post: I have 20k in cash ,

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383
Originally posted by @Tony Merchan:

Hey

I have 20k in cash , never purchase real estate , what should I do ? Credit is 720 and up . Live in New York . Open to different locations

Help !

Thank

 ne other bills.  car.  credit card?  then look at your income.  I'd get approved for a loan thru a banker. 

Post: Step by Step Process on Getting Started

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

Call Banker.  Apply for loan.  Dun! 

Post: Trying to add an additional room

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

about 130 sq feet is min for adult imo

12x11 or better 12x12

Post: If roommate dies in IL what to do?

Kirk R.Posted
  • Peoria, IL
  • Posts 967
  • Votes 383

I've got a roommate with asbestos issues.(really good roommate) Hopefully lives long time. 

He said he told his daughter to not claim his body.

I told him that we're gonna see what the trash guys do when they see his legs sticking out of trash can!

Anyone dealt with this or advice?