All Forum Posts by: Jon S.

Very simply....sub $250k ARV deals that you are buying with work required so that you can capture equity. Focus on deals requiring lighter rehab in good rental sub-markets. Garland, Mesquite, Arlington, Grand Prairie, Euless, North Richland Hills, and pockets of Fort Worth and Irving are good starting points.

Sean A. Clemmensen

President & General CounselReal Estate & Title Attorney

Look him up and get contact info...really good guy.

Sure.  Contact Eric Feldman at Longhorn Investments.  He works with local first time investors.  Good luck!

Positive and negative to both....really depends on your liquidity and the specifics of the deal.

Credit Union
- Positives: low rates and fees...cheapest solution
- Negatives: requires money in the deal, sometimes will not fund rehab, slower close

Hard Money
- Positives: requires less money in the deal, faster, less difficult process
- Negatives: high interest rate, high fees

If it is your first deal I would suggest using a hard money lender just to remain as liquid as possible.  You may need that capital as things pop up throughout your first project.  Start with a smaller deal so you can get in and out quickly.  Most hard money lenders also have experience in the space and can help provide valuable insight into your project.  A little guidance is always good as you start.  Once you build a capital stack and gain experience you can move to cheaper capital that may require a little more skin in each deal.

Yes.  I may be able to help you place it.  Can you shoot me an email with details?  My email is in my signature.  

Neil,

Great speaking with you!  Look forward to working together.

I am getting calls from investors that need capital and would like to place some referrals.  Are you lending and if so what are your terms/pricing/advance rates TODAY?  I know many lenders have pressed paused.....if not then they have tweaked guidelines.  Let me know.  Thanks!

I know some good options for new construction financing in Dallas.  PM me and I can share.  Thanks.

Beth Williams
Williams & Kunkel, CPAs
https://williamskunkelcpa.com

Does it need rehab or are you trying to go straight into a long-term product?