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All Forum Posts by: Eli Joffe

Eli Joffe has started 2 posts and replied 4 times.

Classifieds

Post: First Time Hard Money Loan

Eli JoffePosted
  • Posts 4
  • Votes 10
Quote from @Ko Kashiwagi:

Hi Eli,

Leverage may be capped on some programs but should be doable. Do you know how many lines of credit you have? I know a lot of programs will want to see 3+ active trade-lines. As long as the rehab is light-medium, you should have options. Happy to take a look


 I have one credit card and am authorized on another. I’ve also been paying rent for a year. Not sure if that would count. I haven’t begun looking at properties yet because I want to get pre-approved first. I agree that the rehab should be light-medium.

0 Votes
Cincinnati, Ohio
Classifieds

Post: First Time Hard Money Loan

Eli JoffePosted
  • Posts 4
  • Votes 10
0 Votes
Cincinnati, Ohio
Classifieds

Post: First Time Hard Money Loan

Eli JoffePosted
  • Posts 4
  • Votes 10

Any referrals for hard money lenders that will work with new investors in Ohio? I’m in college and am looking for funding for my first Brrrr deal. I have a 760 credit score and 70k with no debt. I’ve also been interning with an experienced investor for over 6 months so I’ve gotten familiar with how the process works. 

6 Votes
Cincinnati, Ohio
Starting Out

Post: Brand New Investor

Eli JoffePosted
  • Posts 4
  • Votes 10

I’m a brand new investor currently in college and I’m looking to invest in my first rental. I’m located in the Cincinnati area. I would love to receive advice from people about what to look for and not when crunching the numbers on a potential property. Any general advice is also welcome. Thanks.

4 Votes
Cincinnati, Ohio