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All Forum Posts by: Aidan Wong

Aidan Wong has started 1 posts and replied 13 times.

Post: Chris Arciga, Private Lender (Legit???)

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

@Scott Wolf definitely be wary of everyone over the internet and always ask for references, yes. We're founding members of the National Private Lenders Association and we do lending for Brandon Turner and have a huge national network of borrowers. You do limit yourself if you don't leverage opportunities outside of your local area, but yes, it can be a good way to find solid lenders, contractors, wholesalers, etc.

Post: Chris Arciga, Private Lender (Legit???)

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

Found his FB account and his alleged post offering his lending. 100% scam, don't even bother pursuing further. If you need actual lending let me know.

Post: Chris Arciga, Private Lender (Legit???)

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

You either struck gold or it's a scam. Chances are leaning heavily more towards scam. I'd proceed with caution, and don't give out any sensitive personal information or pay for an application fee. I'd jump on a zoom call first before doing anything else moving forward. Get references, follow up those references. Find references on those references.

Post: San Antonio Investment from Hawaii

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

@Sheldon Tausch Hey guys! I'm an investor and lender here in Oahu, as well. Let's connect!

Post: How do wholesalers make offers with no cash?

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

@Kevin Hart I just have to say, I love your comedy, man 🙌

Post: Hard Money Draws on a reimbursement basis

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

@Jose Bordes funding renovation in arrears (reimbursed) is 100% industry standard. I lend advance draws, but even there it's only for experienced investors. Your lender should've explained that though, especially if they knew you were a new investor. As far as how smooth the draw process is, that's a lender by lender basis. Some lenders have turnaround times of 2 weeks, other lenders are much faster. We have a 48hr turnaround for draws and no 3rd party inspections. So it can definitely vary. It's a good learning experience for your next one. That's something you should definitely be asking lenders is about their draw process. Because you can shop rates all day long, but the draw process, to me, is just as important as well.

@Mitch Franklin Aloha, Mitch! Another Hawaii guy checking in 🤙. Like Robert said, my company KECO Capital hosts a weekly virtual meetup over zoom: Coffee Talk. We often have open forum discussions, or have a guest speaker come out and talk about a specific niche or strategy. You're more than welcome to come on. Hopefully we'll be able to move towards some in person meetings soon, as well. I'm always more than happy to talk shop or see how I can provide you some value in your investing!

@Steven Harris this is how I got into the business broke but with a dream. Find a killer off market deal, offer it to a local (but reputable) investor, and come in and JV with him. Split the profits however you see fair, but that'll also allow you to shadow someone with experience. I'd take the knowledge and experience over cash any day. Maybe do that for a couple of deals until you have enough cash and experience to take some on by yourself.

Post: Where can I find a wholesaler?

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

I've found some really good wholesalers from Facebook groups before. I can share the groups with you if you message me!

Post: Looking to Network With Other Investors

Aidan WongPosted
  • Lender
  • Oahu, HI
  • Posts 18
  • Votes 18

Aloha from Hawaii!

I'm an investor and direct lender out of Hawaii, and am just looking to network out and meet other investors across the United States. I love just meeting other investors/swapping strategies/or being able to provide value in one way or another.

I enjoy getting to know investors and watching their success; it motivates me when I feel like I'm hitting a wall!

If you want to connect, shoot me a message.

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