All Forum Posts by: Damien Davis
Damien Davis has started 6 posts and replied 24 times.
@Samuel Eddinger thank you!
Hello BP community,
As I continue to learn, network, and grow my business, I find it very beneficial to have a investor friendly agent on my team. I'm in Hartford County, CT and would love to start connecting with some investor friendly agents to hopefully partner with and build a lasting relationship. If any are out there and you come across this post, please reach out and let's connect.
Thank you!
@Chris Seveney thank you and I appreciate the response. I'm familiar and agree with your take on things. I'm more so looking for suggestions to actual local lenders that I can meet and build with. Sorry, if that wasn't clear.
Hello BP Family,
Been on the hunt for a hard money lender that is willing to work with a new investor. I've spoken to interested parties that talked a good game but looks to be that, just talk. I am looking for a HML that fund deals in-house and not afraid to work with a new investor. Yes, I get the risk factor, which is why it's important to me to find someone who wants to build a long term relationship with me.
Any suggestions for HML (preferable in CT) would be extremely helpful.
Quote from @Samuel Eddinger:
@Damien Davis - wholesale is a great way to get capital, to meet people and then to be able to scale. We partner with wholesalers all the time. DM me if interested in discussing more. I'd love to have a conversation regardless.
Can't say wholesaling is my thing but I'm definitely always open to a conversation.
Quote from @Devin Peterson:
Quote from @Damien Davis:
Hey BP Family,
After listening to the real estate rookie podcast from episode 1 to current (I had a lot of time on my hands), one thing that stuck out was that owning real estate was a business. It didn't really click with me until I kept hearing about the tax benefits. So, i started my own business and will refinance my multi-family with a DSCR loan and will close in my business name. This will help alleviate the DTI issue I was facing on the personal side. One thing that been weighing on my mind is how will I fund this business to effectively scale. I understand BLOCs, Business CC, loans, private lenders, hard money but all takes a considerable amount of capital. Any suggestions where to turn next so I can start funding the business without over leveraging myself?
Hey Damien, Local Middletown lender and investor here! Would love to connect and chat more about this when you have time. Text my cell below! Looking forward to connecting with you!
Awesome! Sending you an email now.
Quote from @Jason Zundel:
Damien, on the topic of building business credit specifically, one aspect that many new to investing and business credit forget is to report and get your name out there - your business name! Make sure you have an EIN for your business, are opening cards and using them properly, but also register your business with 411 and get a DUNS number through D&B (Dun and Bradstreet). Here are a few other sites for speading your name as a good way to build the credit:
https://www.411.com/
http://www.listyourself.net/ListYourself/
https://biz.yelp.com/
https://yext.com/
https://accounts.yellowpages.com/
Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.
Hey BP Family,
After listening to the real estate rookie podcast from episode 1 to current (I had a lot of time on my hands), one thing that stuck out was that owning real estate was a business. It didn't really click with me until I kept hearing about the tax benefits. So, i started my own business and will refinance my multi-family with a DSCR loan and will close in my business name. This will help alleviate the DTI issue I was facing on the personal side. One thing that been weighing on my mind is how will I fund this business to effectively scale. I understand BLOCs, Business CC, loans, private lenders, hard money but all takes a considerable amount of capital. Any suggestions where to turn next so I can start funding the business without over leveraging myself?
Post: Repeat Homebuyer Porgrams
- Posts 25
- Votes 11
Hello Remington,
Thank you for your response. Care to explain what a CRA program is? Can't say I'm familiar.
Post: Repeat Homebuyer Porgrams
- Posts 25
- Votes 11
I've noticed during my lender search, there are no programs for repeat homebuyers. If I'm not low-income or a first time homebuyer, then there aren't much options to help in my home buying process. I do plan on negotiating seller concessions but do anyone know of any lenders or programs that would be worth looking into? Open to all advice. Thank you in advance.