All Forum Posts by: Alice Green

Congrats BP,

I am also focusing on forums :) I will try to take out time for reading more articles.

I would also agree with Charles that it looks like the brokerage has some other hidden benefits as well. This whole process, which you are going through also seems quite tedious. First of all inspecting the property without getting it under contract is questionable. The other important thing is that you said that the utilities aren't working properly. What does that mean? Do they have a continuous problem or it was for the time being? Please do keep us updated. I would be really glad if I would be any help.

The better way of entering into private money is to go through any of their coaching/consulting programs. True hard money lenders believe in good deals and if you are able to find one, then they are ready to fund you. There are few who offer the following services such as no monthly or down payment, no credit check and offers 100%financing with 100% repair money as well.

It is just a matter of trust. If you can trust the guy, then go ahead. Otherwise, no need to waste your money. But there are few HMLs who sends 2-3 evaluators to look at the property and then decide what they can offer. So, out of those 2-3, he could be the one.

Hassan, You have really explained the whole process of investing in a very simpleton way.
I just want to add that amongst these, the most important step is finding a good deal and evaluating it properly and without involving your emotions because that's the biggest problem with investors i.e. they think the property is worth far more but when they go to a lender, their loans can't get approved because of their HUGE expectations. I would also suggest of choosing a right hard money lender, who can guide you at every step. If you are a newbie then, its better to opt for coaching or consulting. It will definitely gonna pay in the end.