All Forum Posts by: Gregory Emmer

Hi all, I am a hard money lender that finances deals in 46 states (not in NV, UT, SD, VT). My colleagues and I like to attend local investment club meetings all over the US (except in the 4 states we do not lend in) to get to know our borrowers, meet local BPO agents, and learn more about local markets. We pride ourselves on our personal touch as a family owned and operated business for 30+ years and we would love to connect with more people in person as things open back up again. Can folks please comment with great in person networking meetings going on with 100+ members attending? 

Also, if there are any good zoom meetings going on with good attendance/interactive components, please drop those details below as well.

Thanks in advance! 

Market rates for cash out refis my competitors and I are offering are typically within the 4% - 5.5% range with points for 65% - 75% LTVs. Rates are sensitive to credit and LTVS. 

I do not think that the lender offering 3.1% is likely illegitimate (sounds too good to be true) and, if they are legitimate, they must be more akin to a traditional bank which takes 60+ days to close.

Your best bet is a private or hard money lender, like EquityMax, that does not look at W-2s or proof of income.

I know the specific area, Ridgewood Manor. Been in the biz 30 yrs. like many similar subdivisions, I think the market is oversold. It was at this level in 2006 and came crashing down a few years later. It is a heavy investor and rental area. So,...if your rents, less vacancy allowance cAn cover your taxes, ins., repairs & maint., plus a satisfactory profit, then go for it

@Leandrew Jones Jr. Tampa is a great market.  I think the fastest growing in the state...if not, then certainly one of them!

Second Jill's suggestion.  If you do decide to take an in-person class, Gold Coast is the way to go.

@Matthew Kassel Are you going to focus on the Jacksonville market, or are you willing to branch out to anywhere in FL where there's a good deal.  Best of luck!

@Jill Patton Oscar at GAIA Construction is great and is at all the local REIA meetings so be sure to give him a buzz. And don't forget about the other crucial component of any deal, and that's, financing!

www.gaiagc.com/

Hi @Tony Salvatore I know that there is a local networking meeting called JaxREIA that you may want to check out and network with the investment community...