Jordi Valado
Newbie Investor Lending Question
Hello everyone, I am Jordi a new investor to the real estate game. I am looking to do buy and holds in the midwest, this would be outside of my home state NJ. I have heard many investors speak about using Other People...
Patrick Donohue
Long Island
Hello I was looking for a hard money loan in Long Island New York. The deal asking price $160000 6 bed 2 bath. Bank owned and boarded up so probably needs a lot of work. A home two blocks away sold for$340000 4 bed 2 ...
Account Closed
Typical Hard money terms
What are the typical terms a hard money lender looks for? Is $10,000 sufficient to show hard money lender I have skin in the game? Is it okay to get a great property under contract while not exactly knowing where my f...
Aris Alexiou
Joint Venture with builder. 50/50 but I put all the cash, fair?
Hey guys,
I talked with a builder earlier today about my desire to have him built some duplexes for me. I have around 350k liquid ready to deploy for buying land and securing a construction loan. He told me that he p...
Bryan H.
$200k to deploy: build new STR 1BR or better ideas?
Hey there folks!
I'm under contractor on a lot to build from scratch a design forward 1BR house for STR use. All-in cost will be $375k. This strategy is all about beating the competition with eye catching architectu...
Daniel Lozowy
Serious: Analysing Value-Add/Distressed Deals the Right Way
Here's the problem: I keep hearing two different things.I'm based in Montreal, Canda and the game here is mostly to buy distressed apartment buildings, drive-up the NOI and RE-FI (the cap is really low, so it's almost...
Jorge Vazquez
Purchasing the company (LLC or Corporation) that holds the property
I've had great success this year by purchasing the company (LLC or Corporation) that holds the property rather than buying the property directly. This strategy has allowed me to save on closing costs, secure favorable...
Reed Rickenbach
Lender Won't Cash-Out 100% of Cost in Memphis
Howdy all! I am an investor here in Memphis, TN. Currently up to 7 buy-and-hold units. I recently came upon the perfect BRRRR - one in which an 85% ARV LTV Cash-Out Refinance would return all of my initial out-of-poc...
Account Closed
How much "skin" do hard money lenders generally require... or, what's a good % to propose?
Very hypothetical scenario: I find a deal where I have the opportunity to purchase a dilapidated home for $260k. Rehab costs are $75k. ARV is $490k.
Let's then say I have around $140k cash sitting around to invest, ...
Steven Leonardi
Funding for buy and flip or rental
What’s going on guys and gals . I’m a young gentleman who just got out the marine corps and I am ready to take on the real estate investing life . I did a lot of studying and took notes while in the military and now I...