All Forum Posts by: Joy McQueary
Joy McQueary has started 4 posts and replied 28 times.
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Jonathan Klemm:
Hey @Joy McQueary - Try connecting with @Cam Schwartz, he is local to Chicago and is a hard money lender.
I am personally a big fan of Chicago because of all the old multifamly properties and great real estate community that we have. We have buildings all over the city, but are not more focused on helping other investors with renovations instead of our own.
I always suggest partnering with a local lender because they know the market and are doing their own analysis, which is a really good double-checkyour deal. Out-of-state lenders won't also know the Chicago neighborhoods, and I've seen more of those deals go astray than those with local lenders.
Thank you! Will connect with him
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon
Hey Joy, I can connect with you regarding the loan. Let me know if there is anything I can help with.
I do have a couple suggestions for which areas to buy since I am a realtor. I'd recommend Humboldt park and Irving park.
I meant in terms of loans. Sorry if my response was confusing.
Yeah I am a licensed lender actually so I could help with this. There are good options for fix and flips if you decide to buy in fall and then sell in the spring since the market will be hot then.
Great, is there somewhere with the loan information? I am actively looking for a property
Add me as a connection and I can send you the link.
Great!
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon
Hey Joy, I can connect with you regarding the loan. Let me know if there is anything I can help with.
I do have a couple suggestions for which areas to buy since I am a realtor. I'd recommend Humboldt park and Irving park.
I meant in terms of loans. Sorry if my response was confusing.
Yeah I am a licensed lender actually so I could help with this. There are good options for fix and flips if you decide to buy in fall and then sell in the spring since the market will be hot then.
Great, is there somewhere with the loan information? I am actively looking for a property
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon
Hey Joy, I can connect with you regarding the loan. Let me know if there is anything I can help with.
I do have a couple suggestions for which areas to buy since I am a realtor. I'd recommend Humboldt park and Irving park.
I meant in terms of loans. Sorry if my response was confusing.
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Zach Edelman:
Quote from @Robin Simon:
Hi - I recommend talking to @Zach Edelman on this - Easy Street does both fix and flip (bridge) loans And DSCR Loans so can help in whichever scenario or strategy you pursue - and if you want to do something like the "BRRRR Method" where you fix and then refi - you can do it all with the same person/rep/lender which helps a lot too!
@Robin Simon thank you for the referral. @Joy McQueary sent you a DM!
Going to check now!
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Riley Poppell:
Quote from @Joy McQueary:
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon
Hey Joy, I can connect with you regarding the loan. Let me know if there is anything I can help with.
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Quote from @Mary Ainsworth:
Quote from @Joy McQueary:
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon
Hey Joy, I just sent you a DM, but we can lend up to 90% if purchase, 100% rehab, and rates between 8.5-11.5%
Plus you’re from BP so we are offering zero origination points for your first deal with us!
Yes! Would love more information
Post: Looking for fix-and-flip (or rent) loans
- New to Real Estate
- Posts 31
- Votes 12
Hello,
Currently in the market as a first time investor. I am looking for a reliable and licensed lender.
I have been looking for a multi-family and have connected with brokers for deals in both DC and Chicago (I am leaning towards choosing a deals in Chicago) for a 4-unit property. I have also looked at some 5+ at the recommendation from my broker for cash flow.
Originally, I was looking to do a DSCR since this would be a long-term but with concerns about hitting the down payment - I was look at fix and flips (or rents) since I've seen greater LTC financing there.
Would love to connect and get the ball rolling as soon as possible as I am hoping to close on a deal soon