All Forum Posts by: Jimmy Moncrief

Sorry man - that's way too close in my opinion :-/

If I was in California - I would be doing this exact same thing!

My biggest issue - aside from having a great property manager is getting great referrals from who you use as a turnkey provider.

My mom went to college in Conway and I'm a lender - how is that for qualifications! :-)

I don't understand why this is a big deal with your lender? Are you using a large national firm or a local bank.  I stick with small banks for this reason.

All loans are made for end-purpose.

Hope this helps! :-)

VERY important - you can take on much more debt if you form a business entity and put the debt in the business name.

Seriously consider this if you are serious about growing your real estate business and don't want to be confined to a personal mortgage.

Ca$H is KING! Save the money if you are in growth stage!

Contact a title company and let them handle everything.

I would talk to a block mason...

That's AWESOME!!

We use Samaritans Ministries - mention my name! 

Covers 100% of costs after $350.  We love it!

A lot of great answers - I would just add that if you were bringing deposits I would ask for a lower rate! :-)

Hope that helps and good luck!