My first deal came from the thousands of postcards that I mailed out to private note sellers in TX.

Jamie,You can also message me privately if you would like to speak further.

Overleveraging by paying too much for the property mixed with mixing hard money with private money for a 100%+ LTV at the beginning of the deal.

As a private asset based lender we often see loans that institutional lenders have turned down.  

If you’re serious about getting into the game, I’d say build up those local contacts they can be your biggest asset.Glad you’re meeting with someone in real estate financing soon; it’ll be invaluable for guiding you through loan options and what’s realistic for a first purchase.

That’s the hook and to me financing deals seems like the biggest barrier to entry.

Also, depending on your network from BPCON, see if anyone has connections to private lenders willing to do higher leverage, especially for strong deals like yours with a solid ARV.

The biggest issue I’ve faced is unreliable syncing with financial institutions.

Investment Info:Other private money loan investment in Randalia.

Is intentionally inflating a payoff a form of fraud - not an attorney but we do private lending and if you misrepresent the loan amount intentionally yes its fraud.