All Forum Posts by: Dennis Canon
Dennis Canon has started 5 posts and replied 201 times.
Post: how to get investors/lenders
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Network!! Connect with some people here from your area. Look up some Meetup groups as well. Visit open houses and meet up realtors. They will know some investors and lenders. If you visit Redfin or Zillow and ask to be contacted by an agent, they will contact you. Ask for referrals to other investors and lenders.
Post: New Investor in Los Angeles
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Welcome @Samuel Gostnell to BP. Loads of info here on what you want to do in REI. If you're ever down in Lakewood or Orange County hit me up. My partner and I are local flippers here in SoCal.
Post: Needing to know more about hard money lenders
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Start contacting different HML now and find out if they'll fund the property you have in mind. Not all will fund a property just because you think it's a good deal.
Their rates will vary based on your experience. They typically fund up to 85% of the loan amount. Rates from 9-11% and charge points from 2-4pts. Good luck.
Post: First time investing
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
You should find out what the rates would be for each one. I'd start there. I believe there are no escrow fees for ELOC so that could be an advantage.
Post: Do lenders lend more than what the home is worth?
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Post: Is cashing out a 401k brave or stupid?
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Post: 6 Hours of my time for $30k Profit?? Systems for your next flip
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Post: Small Commercial Multifamily lenders in Los Angeles
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
Post: Whittier, CA Flip!- Ready to Assign!
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
@Ahmad Azad, interested in the 100% financing. Will contact for further details.
Post: Condo - rare 2 parking in Long Beach, CA
- Specialist
- Los Angeles, CA
- Posts 221
- Votes 58
@Nadine Lajoie please PM. Interested in seeing this property.