All Forum Posts by: Trevor Brown

@Benjamin C. I will check that out! Thank you for the info.

@Todd Dexheimer appreciate that, sir! I bank with them and will ask about their rates.

@Joseph Back

Awesome! I sent you a message

Hey BP!

I am running into an issue trying to secure financing for a six unit apartment building in Kentucky.

I have spoken with multiple banks, most will not do a “commercial loan“ and the couple that I have found are either not taking new customers or do not lend to out-of-state investors like myself (Colorado). I do have family in Kentucky who could sign on the loan and not be liable for any recourse, but I would rather not do that.

I am wondering if anyone has some advice on how to proceed and who you have used in the past for out-of-state investment loans on buildings with more than four units that are not considered residential. Are there nationwide commercial lenders that you have used before and recommend?

Any advice would be extremely helpful! I am under contract and do not want to let this deal slip away!

Thank you!

@Michael Warinner Biggest advice for you and any first time investor: -cut down your living expenses as much as you can -save as much as you can while earnIng as much as you can -pursuing knowledge that will help you REI (work in RE, agent, PM) -don’t rely on ANYONE else besides the team you build (Agent, PM, financing) -keep your head down to work hard and ask all the questions you can Hope to see you out there

@Jessyca Jones the millionaire real estate investor by GARY KELLER and the 10x rule by Grant Cardone!

Hello BP! I am a current investor seeking to find a great agent in Tallahassee. I am out of state so I wanted to reach out on here to get a referral so that I can feel confident I made the right choice. Also looking for a good property management company in Tallahassee after I purchase said investment property. Thanks BP! Looking forward to (hopefully) getting a response!

@Cory Carlson I have heard great things about Bend! From the sounds of it I would love to live there and if it has the market to support my plan I would REALLY love to live there. Let’s talk more. I’ll send you a PM.

@Matt M. Just because they are there, doesn’t mean they make sense ;) most places in Denver won’t rent to cover the dang mortgage in Denver. It’s pretty crazy, won’t last long. Also just looking to do 4-plex’s as I want to do an FHA Loan. Thanks though!

@Kevin Grinstead I have found a few that are close to working. Some in Loveland and Lafayette as well. Commerce City isn’t somewhere I would love to live, but if the numbers work I could be open to it! Lakewood for sure.