Hey everyone, I'm 24 just graduated college and am pretty new to REI and found this site on a random search.

I'm not going to say any of the above comments are wrong, or that the experiences of the folks posting are invalid, but if you want that super top notch terms/fees/rates hard money loan, then your DEAL needs to also be super top notch, even to a vanilla randomly selected appraiser following USPAP.I've had many clients "graduate" from what I offer as a conventional lender into the fix-n-flip world that I do not really participate in, and the ones that got slamming deals back when they were working with me tend to have mostly (but not entirely) positive things to say about Lima One.So I guess the lesson learned is that if you absolutely 100% have a slamming deal, take Lima One's offer of a single digit rate and less than 2 points, and go forward with the application.

I enjoy listening to the podcasts and going through random threads to see what catches my attention. 


Are you sending letters to random property owners?

@Michelle Mayfieldwhy not invest locally rather than starting with a random property in Texas? 

If purchasing this property will allow you to increase revenue by XX% over the course of the next 15-20 years and add $XXX,XXX to your bottom line, then that should be the determining factor.Just throwing out random numbers as an example: If the property costs $500,000 but buying the property single handedly will allow you to expand your operation and generate an additional $2,500,000 over 15 years, then the purchase probably makes sense.

If you are just thinking of a random number then that won't work.

Then in random conversation with a friend, who is loan officer, she told me about one of here clients that leverages his home equity as investments which lead me to google which lead me to Rich Dad Poor Dad which lead me to more questions and ideas which lead to more google which brought me here.I'm very interested in the idea of buying and holding with long term financial freedom.

“Because random internet sites said so” is a terrible reason to make a decision in this day & age.

If they had bad options than calling a random number on a sign or flyer, they'd probably already have gone down another road.