All Forum Posts by: Jimmy Moncrief

@Eddie Peterson

 I see lunch at Thai Smile (downtown Chattanooga) in our future to talk about real estate investing!

Welcome to BP!

You heard it here first: @Ben Leybovich

 said "location doesn't matter"

I second what @George N.

 but will only add that you need more cash for maintenance reserves.  You could build this into your loan with the right lender.

Let me know if you want it - I have a multifamily underwriting spreadsheet I developed for a previous bank I worked for...

@Kathryn O'Neil

 congrats on your first deal! I live downtown and work in Soddy-Daisy at Community National Bank.

Let me know if you and your husband ever want to grab lunch and talk real estate!

I wrote a short-book on how I automated and organized parts of my real estate business.

http://www.amazon.com/Evernote-Business-Owners-Org...

Its free for kindle unlimited users.  

@Kendra Mattson If you ever come to Chattanooga - let me know.

Love San Diego - I lived their when I was in the Marine Corps.

Prices are pretty crazy their though...

Never fails that after a tenant leaves there is a weird smell...

I know new carpets and paint help, but I want a more budge friendly option.

Thanks in-advance!

cc @Brandon Turner 

Funny blog post on why you should date or marry a real estate investor: 

http://realestatefinancehq.com/top-10-reasons-date...

@Sheri H. hard money loans can be a tremendous resource for you.  However, please be extremely judicious in using them.

The vast majority of my customers who have used hard money loans get away from them, because virtually all of the profit in the deal is mitigated with interest and fees from hard money lenders.

I believe @jscott is involved with a flip financing company now.  I would highly recommend them to you. 

@Nuhan Demirkan this is pretty easy to do with a business banker.

As someone else mentioned you can cross-collateralize the properties to keep growing your equity and the number of properties you own.

Thanks for posting this Josh!

Great information!