All Forum Posts by: Devin Peterson

Hey Devin, yes I've owned my primary for about 6 years. Would the two other partners also need to have 12 months of mortgage history? 

 Hi Devin- Thanks for the great info. I think I will try to order a second appraisal and go from there. I am hoping this can change some of the numbers. i appreciate the great feedback.

Hi Everyone,

I need some guidance or tips or any ideas in regards to an appraisal that did not come in as expected during a cash out refi. I have done several in the past and most I have been satisfied with the outcome however this one was not as expected therefore I am trying to get creative. Long story short I disagree with the appraisers value of the home and will place rebuttal however that appraiser also completely messed up rental values so the DSCR has really impacted what I was expecting to get out of the property. I was able to rent the home for $2600 but the lender is accepting the appraisers rental value of $2050. Is this standard practice or is there any lenders out there that actually accept what the home is rented for? Additionally this hard money lender is at 75% loan to value are there any lenders offering 80%? I appreciate any input or suggestions.

Hello investor agents,

I am looking to invest in Tampa, FL. If you have done many deals with some creative way to finance the deal or sub to, and if you have strong exp and tons of success to win over a competing MLS deal. Please let me know.

What is the current on the ground detail situation in Tampa?

Thank you so much.

Hey everyone! Looking to connect with hard money lenders in the Winston-Salem area. Feel free to reach out

I have a new associate who has been in REI for 20+ years, and recently sold 300 units. He has syndicated a few deals and is creating a new one to build 40 units in Tampa FL. I see benefits but I'm trying to understand the full context of building this from ground up. I'm looking at putting money into it and recommending friends to put money into it so any advice is appreciated. The property has been drawn up and is permits are ready so it's just a matter of finalizing the cash for it.

I know Tampa area has been booming so it generally seems like a good idea. Here are two photos of what he gave me as a snapshot. I took out the LLC and contact info since I didn't ask if I could share it.

Hello,