We are excited and now we need a super compassionate investor friendly lender on our team.

I am based in NJ, but am targeting the South Bend, IN area for my first rental (primarily interested in long term rentals using the BRRR and buy-hold strategies).I am new to investing so I would love to connect with other investors, agents, lenders, property managers in the South Bend area or anyone who focuses on out-of-state investing as well! 

What Erik said, also, you need to be aware of seasoning requirements (with the dscr lender) prior to a cash-out/refi.

My attorney wrote: it is my understanding that the lender was going to require seller to secure their interest with a second position mortgage.

There are many lenders these days that won't even allow for subordinated debt, meaning no 2nd/seller carry/etc. 

Review the contract and try to build a relationship where they admit they wholesale.

I met with someone I am interviewing for a job that also owns real estate and he began a preliminary very cursory review of my portfolio and immediately stated that given the current market value of my portfolio and the number of “doors” that I had my CoC return really needed to be addressed before I considered purchasing any new properties because it was too low and my current level of cash flow needed to be looked at because he also felt that should be higher.

i have a great contact for bridge financing too if you need a lender to help with projects like this. excited for you guys!

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

Check out your reviews and the reviews of your competition in the area.