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All Forum Posts by: Jenna Barnes

Jenna Barnes has started 5 posts and replied 23 times.

Post: Would using hard money/private money be a good first deal?

Jenna BarnesPosted
  • Specialist
  • Lexington, KY
  • Posts 23
  • Votes 11

@Anna Laud thank you Anna for going into so much helpful detail!! Have you worked with HML before? Or recommend any?

Post: Would using hard money/private money be a good first deal?

Jenna BarnesPosted
  • Specialist
  • Lexington, KY
  • Posts 23
  • Votes 11

@Brett Goldsmith thank you Brett! I have about 11,000 saved up and I did not know HML would do longer term for rentals so I am going to look into that now!!

Post: Would using hard money/private money be a good first deal?

Jenna BarnesPosted
  • Specialist
  • Lexington, KY
  • Posts 23
  • Votes 11

@Michael Tomasino thank you Mike!!! I am currently working for some investors know and slowly building my relationships with them. They are very successful and I’ve already learned a lot!

Post: Would using hard money/private money be a good first deal?

Jenna BarnesPosted
  • Specialist
  • Lexington, KY
  • Posts 23
  • Votes 11

@Michael Kinsella

Thank you Michael!! I am

Currently pre-approved but the lender I am working with wants me to wait until credit shows up since I just opened my first credit card. He also wants me to bring in some more income since I’m only doing part time in college so I’m taking on a full time position. I’ve called about 5-6 others lenders/banks and they want me to have a co-signer but I am still looking for other creative lenders.

Post: Would using hard money/private money be a good first deal?

Jenna BarnesPosted
  • Specialist
  • Lexington, KY
  • Posts 23
  • Votes 11

Hey guys!! I am super anxious to go ahead and get my first property. I am sending offers for owner financing and networking as much as my college and work schedule allow. Would using private money or hard money be a good way to get my first deal since my financials aren’t solid enough for normal lending standards?

Originally posted by @Michael Quarles:

WoW! Thank you Michael that is super helpful!!! 

Originally posted by @Randy Rodenhouse:

@Jenna Barnes

Thank you Randy this is much appreciated!

Originally posted by @David Putz:

@Jenna Barnes

Thank you David! I don't know a whole lot about notes so I will look into that too!

Originally posted by @Will Fraser:

Thank you Will this is great advice!

@Ian Walsh Thank you Ian this is a very good point as I tend to take on a lot !