All Forum Posts by: Brad Stuteville

@Rhea Jackson Welcome! There is a REIG group here that meets regularly. You should check out their website for meetup times - Amarilloreig.com. Let me know if there is anything I can do to help! Brad

Are there any meet-ups/ RE investment groups in Midland/Odessa Texas?  Any info would be greatly appreciated!

Thanks!

Brad

Daniel Lee There are a lot of good points here. IMO cashout refi your primary to pull out cash at the lowest rate you will ever see. Then refi rental based on market value with a commercial loan. Shoot me an email sometime and we can get together to discuss further strategy. Brad Stuteville- commercial lender in Amarillo

Scott R. Yes sir. I read the entire feed. Lawyers is a very investor friendly title company including assignments and double closes.

Sorry, my full post didn't go through! Ashely at Lawyers is great. I've closed hundreds of deals with her. No issues or complaints from my customers. Brad

Ashley at Lawyers.

@David Nelson  most of the RE that I finance comes in via referrals from previous customers or "centers of influence" (brokers, realtors, CPAs attorneys).  

Welcome to BP Husnain!

Matt,  NMLS is only required when dealing with consumer real estate transactions, so a commercial lender doesn't really need one.  Is this lender with a bank or private?

Engagement fee depends on the deal, is this due up front as a deposit for the appraisal or due at closing?

Appraisal really depends... I've seen many expensive appraisals and I'm not familiar with prices in Cal, but it does seem very high for a single unit.

You shouldn't have an issue on a collateral standpoint if you pledge both it should keep you from putting any cash down.  Deciding factor will likely be cash flow.  You will need to show that you can either support the new payment out of your existing income, or come up with a really good proforma.