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All Forum Posts by: Justin Young

Justin Young has started 54 posts and replied 339 times.

In the process of listening to this power couple! Very inspiring and motivating!

Post: Commercial lender in Memphis?

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93
Originally posted by @Sandeep G.:

@Justin Young hey Justin, i am on the same boat now and just wondering which lender you ended up using. any leads ? thanks

 Hey Sandeep, I ended up not doing business in Memphis so I can't help you much. Sorry about that. 

Post: Rental HELOC in 1st position?

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93
Aloha BP! Is there such a thing as a HELOC in the 1st position? I’ve heard of being available for primary homes but am wondering if this possible for rental properties. Thanks in advance.

Post: Newbie from Fort Wayne, IN

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

Welcome back to the game @Isaac Norris. Fort Wayne is a great area and its even better because you are a local there. I'm looking to pick up a couple more rentals there this year as well. Best of luck to you and your journey.

Post: How To: Cash out 1-4 unit Property

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

@Andrew Postell, to set up the LLC so that it can lend money, would that be as simple as setting up a business checking account for the LLC then drafting a note stating the terms of the loan?

Post: How to Track Your Daily Activities that Support Your 2018 Goals

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

@Jay Helms Good idea. I'm curious as to how others track it as well. One of my goals is to ensure I'm devoting at least an hour towards my financial success which I usually exceed by far but haven't figured out a way to track it. It would be great to look back every so often to see the progress you've achieved up to this point.

Great start @Chivas Miho to what will be a rewarding journey! I like the strategy you used with the PLOCs. Did you apply for them all at once? Did you have to orchestrate when each bank could pull your credit so that you don't get a huge drop in score? I've been thinking about doing this but am waiting until after I refinance with my lender for the investment property I have right now so that I don't stir up any unneeded questions.

Post: OFF MARKET 9 DUPLEXES INDIANAPOLIS 18.1% CAP RATE

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

Hello @Charlene Gaard, could you send me details of these to [email protected]. Thank you and Happy Holidays!

Post: From 1 to 27 units in 7 months

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

Congrats @Johnny Quilenderino. Its inspiring to read how persistent you were going through the process. You pushed through the "no"s when most people would have stopped. How did you build your relationships/network? Were they all built from BP? Again great job on acquiring so much this far.

Post: Fund & Grow Financing

Justin YoungPosted
  • Investor
  • Honolulu, HI
  • Posts 362
  • Votes 93

Good to know guys, thanks for the info.