All Forum Posts by: Virginia Damato

@Shane Ward

Thank you

Is paying the premium for services like this worth the investment?

Thank you.. I'll start that process. I got a good lead but they only lend in a 60-mile radius from my primary. Is that unusual?

@Haven M.

I'm looking for long term buy and hold. I prefer BRRR because of the value added. I also have 35 years of real estate development and construction experience..

I have just never gone the Hard Money route..

How and where do you vet a lender..

I feel like there are just bad players out there..

Ty

@James Perdomo

Can you message me some lenders you work with?

Thank you...

I have 20% and a 730 FICO. I even have reserves. Should I get pre approved for HML or go traditional funding?

Where do I find repetuable lenders ?

@Jeffrey Calabrese - I was thinking to get funds together before I made an offer. Or do I just find the deal and go look for hard money. I'm not used to being in a position to not know who, what or where my financing looks like. 

I always come across something. But since I'm not using my own money I wanted to know what I was dealing with.

Does that sound prudent.. or should I just go find the deal and worry about the money later? How does that affect negotiations when making offers.

Thanks

Thank you all. Are point really 2-5%. Is that normal?

Good morning BP

I have bought properties either using personal or private funds.

In the current climate I want to keep more cash on hand.

So now I'm entering the Hard Money arena.

Can I have some advice on what to look out for, how to prepare.

@GLENN SANTOS

Hi Glenn..

I am fellow NY'r. Although I live in Jersey right now.

I saw in @Elenis Camargo post you are looking at NC.

We are as well. I would love to compare notes as I cant decide on a city.

Best of luck to you.