All Forum Posts by: Charles Carillo

@Kyle L.

This mixed-use building will require a commercial mortgage. I would contact all local banks and credit unions since this is on the smaller side and the lending options will differ from lender to lender.

@Shawn Schofield

I was also keep learning and researching target markets but just verify that your bankruptcy is going to fall off in October, check this from Experian: "Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe. Chapter 7 bankruptcy is deleted 10 years from the filing date because none of the debt is repaid."

@Matt Vega

The terms you have listed are pretty typical for investors in your situation however; there are a few lenders I have spoken to previously that have more favorable terms since they are private lenders not banks/credit unions. I have never used them but I will send you their contacts; DM me.

@Stewart Van Wyk

I was researching this months back for a friend and can send you the list I put together. DM me.

@Stefan Folkert

We work with a number of foreign investors and if they are active investors the financing can be difficult to obtain, but possible. Are you planning on directly investing or partnering?

Great to have you hear! What are you interested in learning?

@Jonathan Jackson

I am in the Tampa area and I run a monthly meetup here. PM me.

@Account Closed

A transactional lender usually only lends for 1-5 days. Normally you can find 1% plus $50 for the wire fee. If you want to go longer than this, you probably need a hard money lender.

@Liam White

I would not suggest investing at this point. I would focus on educating yourself in real estate and getting out of college debt free. Any additional money you can put into a money market account or similar while you find your first investment. A Roth IRA is a great idea but you are unable to withdraw money in the next couple years without a penalty.

@Account Closed

I have never heard of hiring a financial planner for real estate investing. Usually financial planners focus on traditional investing; stocks, bonds, 401ks, roth IRAs etc. Do you mean a mentor or coach?