All Forum Posts by: Fredy Sandoval

I haven't worked with them, but some of my colleagues have and they say it is a reliable company.

I agree with @Jaron Walling  do a lot of research about all the requirements, most people think that they can do the renovations themselves, but the bank will require a licensed contractor to do them. And the downpayment is based on the purchase cost + project cost.

Hey Joanna, 

Congratulations and welcome to BP... as advice try to analyze a lot more properties per week as most of them will not be deals.

Hi Alan! Woww you are in a great position having so much money saved. Congratulations! Not sure what type of business you own but it seems that you are making decent money So I would recommend focusing this year on your business and making it grow even more and meanwhile learn as much as possible about commercial lending. Commercial lending is totally different so you have to be careful. 

In my opinion, it is worth it because it describes the world from a different perspective. The central idea of the book is that the most valuable asset is your mind and the rich build networks which I believe to be true and without that book, I wouldn't have ever thought about that. 

Hi Jose, 

are you trying to house-hack it? or are you buying it as an investment property? I ask because maybe you are talking with a DSCR lender and they are trying to give you a loan based only on the cashflow the property generates.

Do you have a strategy? flip it? house-hack it? wholesale it? numbers would be different depending on your strategy.

I would recommend Set For Life.

Have you tried reaching out to Upwise Capital? I know their main focus is on cannabis lending.

Hey Kristin, I'm also from Long Island and I have attended a couple of times our local REIA and have felt the same about they wanting to invest out of state because of the High prices here and not landlord friendly laws. But it is always a good time to start and I have actually bought property in Long Island and it has been pretty good for me.