All Forum Posts by: Armen Zakarian

I am putting this question in this forum as it seems to have the most activity.  Additionally there are a lot of individuals who are interested in investing but are tight on funds.  This has crossed my mind as well...

If you have no capital, besides using private lenders what is the best option if someone is looking for 100% LTV and 100% rehab funding? Does anyone have contact info? Suggestions?

It is said that the money comes with finding the right property, but even if the person finding the property doesn't receive the 100% LTV/Rehab cost and doesn't have any capital it may be a hard to get the ball rolling.

@Todd Fithian Do you attend this monthly?  Depending on what day of the week the monthly meeting is held I would like to attend it.  Weekdays would be difficult as I reside in Anaheim and work full time.

Cori Morris Have you been attending monthly? What are your thoughts on it?

Jo-Ann Lapin Awesome thank you. I will be looking into it!

Robin Wilk I have come across a few Hard Money lenders which provide 100% LTV (Loan to Value) for your investment property. In return though due to the fact that you are not coming out of pocket, they tend to ask for a high return percentage (up to 15%).

Looking for a few REIA meeting locations within the Southern California area. Anyone have any insight?

A few months ago I attended a weekend seminar about Real Estate Investing. One of the few things which I took from it was that creating an entity (LLC or Corporation) through the state of Nevada offers many perks which you do not receive if you were to do the same through another state.

Can someone please provide some insight on this?  Pros/Cons?

Michael Totman I am mainly going after the hard money lenders as a starting point since I do not have much capital saved. I am willing to pay the points and percentage as long as the numbers add up towards a profit. I haven't approached any banks or brokers either. From what I have read thus far, seems like a hard money lender would be my best option for someone who is starting and doesn't want to come out of pocket with cash.

@Michael Williams

Thanks for the great info.  I am going to start putting this in action!!

@michael 

@Michael Williams

I have read read the books by J Scott, The Book on Flipping Houses and also The Book on Estimating Rehab Costs.  I just recently read the book written by Armando Montelongo, Flip and Grow Rich.  I also listen to one Bigger Pockets podcast daily.  I just started a new read, off the topic of real estate called The 4-Hour Work Week.  I also attend the weekly webinars on The Bigger Pocket.