All Forum Posts by: Ernest Grindle

@Gary Boggs Hi Gary. What you're feeling is fairly normal when just starting out. Something to consider about funding, you said you weren't comfortable taking equity out if your house or using your credit cards, and my interpretation of your reasoning is that you were concerned you would lose it. A hard money lender is also concerned about losing their money in your deal so you shouldn't expect them to take on more risk with you than you are willing to accept for yourself.

@Tucker LaClair Congratulations on your deal and the learning.

@Gary Boggs Sign me up! Anywhere in Hampton Roads.

@Jhory Miller Not knowing your purchase price, but guessing you bought low enough you think the appraised value will give you your 15% cash back out. Hard money will pretty much wipe that away, and depending on your experience a commercial lender will want you to be more experienced before lending to you. Also, paying off your conventional mortgage in less than six months will probably cause your mortgage broker to not get her commission for all the work they did getting your conventional loan, so not a good idea if you want to keep your relationship with your broker. I think your best bet is to wait six months and get another conventional on the new appraisal.

@Garielle Celestine Welcome and u look forward to doing some business with you in the future. It's a small community so get out and meet people at the various meetups and just talk about what everyone is up to. You will learn a lot that way.

@Derek Grier Look me up on Meetup and join all the groups I'm part of. Almost every post on those groups is from a wholesaler in the Hampton Roads area

@G. Emerson Zollos Congratulations on completing your first deal! Now you've set the bar for yourself to do even better on future deals. Keep it up.

@Erick Pinzon Over at Meetup check out

Hop-portunity Investing, Real Estate Investment with Beer!

@DAVID KING Hello Dave and good to hear from you. How are you going about finding your next 45 doors?

@Mike Kehoe Hello and welcome to the area. I moved down here from NH a few years ago. It's not as easy to see games from the World Series Champions since we're so far away from Boston now, but other than that Hampton Roads has been a nice place to live. And yes, it is a very hot real estate investment market down here. Lots of deals to be found but there is also a lot of competition. You should check out the Tidewater Real Estate Investors Group (TRIG). They meet monthly (next one is next Tuesday July 16th). I won't be able to attend but it's casino night so it should be fun. Hopefully we can meet up at the August meetup. There is also the Hampton Roads Landlord Association which just met yesterday but also meets every month.