All Forum Posts by: Troy Jones

I don't think I know of 1 conventional lender with good reviews. You can look at the BBB and every mortgage company/conventional lender has massive amounts of bad reviews but all have an A rating. Loan Depot is still 1 of the top 5 loan originators in the country so they must be doing something right. 

@Patrick Daly

We lend in Mass we provide up to 85% or purchase & 100% of rehab . Interest 9-12% , Min loan of 100k and max of 3.5 million. Close in 7-10 business days. Give me a call if you need any assistance . 

Troy Jones| Triumph Capital Partners | www.triumph.capital | [email protected] | 702-569-9117

Welcome to the BP family. 

Hey Brandie,

The hardest part was taking action and you have started to so the rest just takes time to find a deal. Good luck!!

@Adrian Chu

As a Hard Money lender the rates are usually within a competitive term that adjust to the market. Like for instance i have seen rates in CA that go as low as 7.75% for an experienced borrower, but for Florida to get a single digit int rate is rare. 

Experience, size of loan and the city in which the property is located will play a factor as well. 

As mentioned by a few of the other messages the relationship between you and the borrower is also a factor. You could start of with a 10% int rate 2-3 origination pts and then after a few deals a good hard money lender will allow you negotiate the terms that will be a win/win for both parties. 

Welcome to the BP community @Nathan Guanch

You have landed in the right place for information and guidance. I hope this year brings you much success on your Real Estate en-devours. If you need any help on acquiring financing with  quick turn around , feel free to reach out. 

You can also ask a Lic real estate agent if he can provide you a CMA (competitive market analysis) of the property

You can ask a Lic real estate agent they may be able to provide the info through the MLS Zillow might work If you have an address you can possibly reverse white page the address which will give you 100+ names linked to that address in the area if no name is linked it's possibly vacant Driving around the farm area you choose to do business in and look for for sale signs and see if it's occupied or not , also a lot of mail in the mailbox usually means no 1 lives at the property. Most new construction areas will have vacant homes as they haven't found buyers for every home yet in a community Hopefully some of that helps

I just moved here about 5 months ago and from What I can see the market here is amazing especially in the sky rise condo market. I mean who doesn't want to look out at the ocean :).

I have 2 friends who Airbnb 2 condos they own near the strip. One is a 3 bed 2 bath that sleeps up to 8 people that is sold for about $250 a night and he makes on average around $4000 a month from. The other is a one bed 1 bath that that allows up to 4 guests that makes $2k per month . As upkeep is fairly cheap since the Airbnb guests tend to be more clean than a tenet . As of now they are Doing well and plan to keep doing it , a big help for them however is we are all in the night club industry so if it's not full we have a lot of people who would be willing to stay in the Rental. I myself am planning on buying a condo in the area and doing the same.