All Forum Posts by: Grayson Grzybowski

Can someone point me in the right direction when it comes to getting addresses to mail homeowners? I tried a list via pre foreclosure and didn’t have very much luck. I would like to give it a shot again that’s not pertaining to fire closure and maybe I’ll have more luck thanks

@Richard Mark

So if I have a 300k house and I come to the table with 120k. They will show up with the rest, plus any renovations? If I wanted to do a long term deal how does that work? There is no way a PML will wait that long to get all their money back if your property on produced 250 a month. So how do you get around that?

@Brandon Croucier

Hey, thank you so much for the response. My goal is to own properties in the long term due to the number of benefits that come with it. Your response is super helpful, but I still would like one more thing of clarification. 

If I come with 20% down. They provide the remaining amount to purchase the entire home all at once. This is what I am confused about. That would never create a ROI so is this the only way it is done?

Good Morning Everyone,

I use to be a pro member but have cut back on my finance to put towards my first investment. After 2 years of learning, I have come to realize there is no such thing as "No money down from a lender without and deals under my belt." So my question to all of you is this.... If I get "X amount" saved up to go in with the help of a private lender, how much would they lend me to obtain the property? 

If a loan via a bank requires the terms to be conventional (5% down), FHA (3.5% down), etc. How does it work with a private lender? There is no way they lend the entire amount of the house because a cash out refi would never meet that amount after a rehab. I hope by helping me make sense of this I will have better clarity moving forward and maybe land a deal sooner than later.

Thanks!

@Jesse Holsapple When I started learning about real estate I always heard these people talking about using other peoples money to get started. I thought I would be able to use that without any of my own money to fund deals.  

@Jesse Holsapple Are you a private lender?

@Jay Hinrichs I am hoping to find a lender that would help me out. I was at a local event a year ago who gave me his conditions and he just said a min of 50k and 15% back after 1 year. I was shopping to see if there was others like this and see what there thoughts would be on a proposal that I had.

Is it okay to ask on here if I am seeking any sort of private lender?

@Bryan Montross Thank you so much for this! Its a big help