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All Forum Posts by: Eugene Neal

Eugene Neal has started 13 posts and replied 115 times.

Quote from @Dan Guenther:

Hey BP community, I'm looking to take on someone willing to help me out with off-market deal sourcing in the Boulder County/ Longmont CO region. It would be great if you have experience but not necessary. Ideally looking for someone that is looking to learn the ropes while making some money along the way. Reach out to talk more! 


 I can help out within the cold-calling universe if needed. 

Post: Looking for lender to acquire MFH in TN (through LLC)

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Sidney L.:

I am in the process of acquiring our initial Multifamily Home (MFH) investment, utilizing an LLC in which my business partner and I share equal ownership. Our first acquisition is focused on properties in the $400-600k price range within Tennessee.

I am seeking advice regarding financing options. Should we opt for a local lender, or would an out-of-state lender be just as viable? It's worth noting that I am based in New York, though I'm uncertain if this has an impact on the decision.

I would greatly appreciate any recommendations or insights you can provide. Thank you in advance!


 We are located in Long Island and would welcome the chance to discuss some options face-to-face. I also can gladly provide some options via email after a brief discovery call as well. Please reach out if interested in advancing to the next stage. 

Quote from @Justin Dragon:

Good morning, all!

I’m having a really difficult time finding a lender for a home equity loan to pull equity from one of my multifams. Any advice on how to get this done?

I understand there is higher risk to the lender, but surely there are some banks or lenders that will do this?

I'm also open to a HELOC but would prefer loan.

For background, I have excellent credit and the home has a lot of equity (50% of the value)

Thanks so much,

Justin


How much is the property worth? We complete this transaction on a regular basis. The only hindrance would be the loan amount. HELOC's are almost non existent.

Post: Seeking Private Lender (PML/HML)

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Chris Seveney:

@Jeremy Riggenbach

Wow pretty bold having a private lender complete a form, usually the other way around

I am a Private lender but honestly got turned off by this.


 The question is how many lenders that complete that form have actually funded a deal? 

Post: Need a lender for Ohio BRRR & I live in California

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Christian Maher:

Hello Guys,

We are new to this platform and we are looking for some recommendations- We live in California and we are looking to buy a property in Ohio cash, we are also planning to rehab it with our own cash to BRRR it. Looking for an experienced lender to help us Refi cash out with our New LLC. Thank you so much in advance.


 Hello Christian, we are a direct lender that consistently closes these types of deals. Please reach out when you have a free moment and we can discuss the process. 

Post: DSCR LOAN LENDERS

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Lina Castano:We 

Good afternoon everyone. Im looking for a good lender for a DSCR loan in Miami area, some recommendations. Thanks


 We are a direct lender with an office in New York and Fort Lauderdale. As long as your credit score is over 680, we should be able to provide some options.

Post: Looking for a fixer upper deal in Nassau county.

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19

I may have a deal under contract within Nassau. What is the criteria you are looking for? 

Post: Looking for a Lender in Las Vegas (Short-Term Rentals)

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Michelle Crochet:

Hello BiggerPockets community!

I'm a real estate agent on the lookout for a lender who specializes in short-term rentals in Las Vegas.

If you're interested or know someone who might be a good fit, please reach out to me. I'm excited to connect with like-minded professionals who share a passion for real estate and helping investors succeed.

Thanks,

Michelle


We are a direct lender and can gladly provide funding for STR's in Las Vegas. I frequently visit the Green Valley area for face-to-face meetings with clients as well.

Quote from @Atul Mohlajee:

I need a commercial lender to Refi a 6 unit apartment building. Please give contacts


 Please reach out when you have a free moment. Are all units fully occupied? 

Post: cash buyer vs. HML buyer

Eugene NealPosted
  • Lender
  • Posts 130
  • Votes 19
Quote from @Joseph Hernandez:

Hello. 

I'm a newbie wholesaler. If I have a pre-foreclosure deal and the seller is in NOS stage, do I have to find a cash buyer for the deal, or can I assign the contract to a HML buyer by delaying the foreclosure, since time is of the essence? I prefer a HML buyer because I think (I may be wrong) a HML buyer will pay more for the property, hence, my assignment fee will be higher. Based on your experience, am I correct?

Sorry, but you are not correct. A buyer will receive a Hard Money Loan to purchase the property.