All Forum Posts by: Christian Garcia
Christian Garcia has started 25 posts and replied 38 times.
Originally posted by @Chase Maher:
@Christian Garcia From my experience, the number one red flag with Private and/or Hard Money Lenders is junk fees and large pre-payment penalties hidden in the fine writing. Look for a Lender with a track record of dealing with long term clients with multiple loans behind them, that is a sign of a good and trustworthy lender.
Money can be found cheap just about anywhere if you know where to look, but not all lenders will be clear with you on costs and terms.
If you go with a Private individual lender, make sure to have an attorney draw up the proper paperwork.
Thanks Chase . Ive been looking at websites that have lists of local private lenders in my area but im still kind of iffy about them .
Post: Private money
- Dallas, TX
- Posts 39
- Votes 3
anyone familiar with the website privatelenderlink.com ? I came across this website because I did a search on Google for private lending . It seems legit but Im still kinda iffy about it
What are some red flags about a private money lender ? What do I have to lookout for when asking for help from a private money lender ?
what are the pros and cons of a private money lender ? I want to buy a vacant apartment complex and I'm willing to pay the 8% of the 20% down that the seller is asking for .
Post: Bank Loans
- Dallas, TX
- Posts 39
- Votes 3
if I want to purchase an apartment complex and the current owner is asking for a 20% down of the selling price and I have 8% of that 20% down payment , can the bank loan me the other 12% ?
if I want to purchase an apartment complex and the current owner is asking for a 20% down of the selling price and I have 8% of that 20% down payment , can the bank loan me the other 12% ?
How does a Home Equity Line of Credit work and whats the difference from a home loan ?
Post: Starting out in Sherman, TX
- Dallas, TX
- Posts 39
- Votes 3
Good to have you on board Christina ! Im not a pro here but we can all help each other out to get a better understanding of the real estate business and get to flipping properties like the pros !
Post: Multifamily Property
- Dallas, TX
- Posts 39
- Votes 3
when an apartment complex listed on loopnet with property use type: investment , does that mean that i have to invest into into that property with the current owner or can i buy it and become the new owner ?