All Forum Posts by: Bianca Rodrigues
Bianca Rodrigues has started 22 posts and replied 38 times.
Post: In search of private lender
- Rental Property Investor
- Posts 40
- Votes 38
I’ve identified a few properties that would be great potential flips. I have the team and manpower to get the job done. Now, I’m in search of a private money lender to help fund the deal.
I’ve been getting emails from individuals claiming to be private money lenders that offer 100% financing at 4%. What are some red flags that I should be cautious of when receiving these emails to avoid any scammers?
Also, is it unheard of for a private money lender to fund 100% of purchase and 100% of rehab cost?
Thank you!
Post: How to analyze a flip
- Rental Property Investor
- Posts 40
- Votes 38
When analyzing a potential property to flip, what criteria or metrics do you use (or find most important) to determine if it’ll be a good/profitable deal?
Post: Tips for raising private capital
- Rental Property Investor
- Posts 40
- Votes 38
Hello,
Curious to get some insight on where to find private money and how to pitch private money lenders?
Post: When is it a good idea to refinance?
- Rental Property Investor
- Posts 40
- Votes 38
Thank you!
Post: When is it a good idea to refinance?
- Rental Property Investor
- Posts 40
- Votes 38
Great point, thank you for the input!
Post: Newbie Investor .... Seeking advice about financing options
- Rental Property Investor
- Posts 40
- Votes 38
Great info - really appreciate it, thank you!
Post: Newbie Investor .... Seeking advice about financing options
- Rental Property Investor
- Posts 40
- Votes 38
Quote from @Alex Ramirez:
@Maureen Simmons that takes some courage to quit your job and focus on RE. I personally never felt ready to make a move until my wife told me "you are just wasting your time and our money" after sitting on the sidelines for longer than a year and just focus on "education". That's exactly what I needed to hear to take massive action. After 2.5 years (including my slacking years) I own a 12 unit, a 9 unit, 1 STR and I am a GP on 188 units and an LP in another 300+ units. I can tell you right now, you will never feel ready. A book that fires me up every time I read it to take massive action is "10x by Grand Cardone". Get on wholesalers buyer's list and analyze every single deal they send you. Go to meetups and seek for partners. Start a direct mail campaign and find an off market deal and find an equity partner that can bring the dollars or wholesale it for a 5-6 figure profit. There are so many things you can do. Let me know if you have any questions. Happy to help you.
Hi @Alex Ramirez -intersting point about getting on a wholesalers buyer's list. How would I go about doing this -aka finding a wholesaler near me that I could reach out to? Thanks!
Post: When is it a good idea to refinance?
- Rental Property Investor
- Posts 40
- Votes 38
I purchased my first property in 2021, fixed it and now is used as a short term rental. We have built equity in the home and would like to purchase another single family home/ multi-family but not sure if it makes sense to refinance. We currently have a 2.5% 30yr loan. Would it make sense to increase the mortgage on this home by refinancing to today's rates in order to pull equity for the next deal?