All Forum Posts by: Anthony De Castro

First thing we look for in a borrower Eric other than the asset is experience. I have a lot of clients that just came out of a real estate educational program but quickly realize that it's not that easy to qualify for a HML even if the asset is good.

Typically if a lender will allow a first time investor/flipper funding, they would like to see 40-50% down.  I don't know of any other lenders that would allow a high leverage financing without experience.  

Hello Raymond, 

I'm an East Bay Realtor living in Pittsburg.  There has been a surge of buyers moving to Concord, Pittsburg getting pushed out of the shoreline East Bay cities due to increasing rents and high priced homes.  

My children go to a private school in Oakland and for the last 3 years our commute gets longer by an average of 10 additional minutes every year.  Due to the traffic, BART has expanded and is stretching to add 2 more stations to Pittsburg and Antioch.  

I think Concord is a safe bet and you can't go wrong.  The city itself still has a better reputation than the more affordable alternative cities Pittsburg and Antioch.  If you are interested in reaping benefits of equity growth in multiple properties Pittsburg and Antioch would be a good alternative as a lower cost alternative and early stage before the BART stations open up.