All Forum Posts by: Jeremy Kitchen

Hey, Melissa! We do hard money lending in certain states.  I'd love to have a conversation with you to see if you're investing in state we service.  I'm happy to answer any questions you have!

Jeremy

Welcome!! If you need resources on local REI's or any recommendations, I'd love to connect!

Hey Cody!

The best advice I can give, is don't jump into anything you don't totally understand. Do proper due dilligence.

Some area's of the state are going to have different markets, and if you're trying to buy in a town with little or no growth factor, you might be doing yourself a disservice. Try to find some local REI meetups and attend them. You'll meet a variety of people who specialize in different things. Money lending, wholesalers, flippers, buy and hold, Short term rentals, etc. Then, find something you want to strive for. Even meet up with other investors, get contacts, and see if you can shadow them for a day. Just an idea.

Hope that helps!  Let me know if you have any questions!

Jeremy

Hey, Jamal!

Where are you trying to get a loan for?  

When I got mine, I shopped at 3 different ones. The bank my loan FHA loan is financed turned me down. My personal credit union offered $20,000. Another credit union in the area offered me $170,000. That's the one we went with. But shop a few different credit unions in my opinion

Hey, Logan!

Awesome for you!

Do you plan on living in the multifamily property you plan to buy?

If so, I would work on getting yourself in a lendable position. Save $, get debts in order if needed, keep employed in the same field for 2+ years. Even talking with lenders to see what you qualify for would be a good starting block! If you live in the property, FHA with 3-5% down is a great way to go! Live in the property for 1 year, and you can refinance to get your PMI taken off the mortgage. Don't overleverage, and find investor friendly realtors in your area, either on here or local meetups.

If you're looking for more creative ways, sub 2 or seller financing is great.  Those deals are hard to come by at least in my area.

But to sum it up, start building your team. 

Investor friendly realtor, lender, and a contractor if repairs are needed.  I know Denver has some cool Bigger Pockets events and hosts.  Craig Curelop lives there!

I let the ladies on our real estate team know!  They're excited!

Hey everyone!

I started a new YouTube channel devoted to beginner to intermediate real estate advice, hard money loans, motivational and general debt content. I'd love if you followed along. New videos every Friday! They're short and to the point. The link is below and on my main profile here.

Also, if you have any investor content you're creating, either IG, TikTok, Podcast, or YouTube, I'd love to follow along on your journey!

https://www.youtube.com/channe...

Absolutely this.

50% of a deal is better than 0% of a deal.

I'm not sure about the behind the scenes work.  Is it on or off market?  Maybe sub 2 or seller financing?

Just keep grinding and saving honestly. Conventional lenders like good credit(650+ it seems, the higher the better), debt to income (keep credit cards under 15% utilized and make more than minimum payments), steady employment(2 years minimum). Something that might be good is to live in the property you're trying to get. That way, you can get an FHA loan for around 3.5% down. Live in the property for a year, then refi out conventionally to get rid of the private mortgage insurance. Anything out of state that you're not living in, will roughly require 20% down. Even with hard money and private money, they typically want to see some skin in the game.

Hopefully that helps!