All Forum Posts by: Kalonji Mitchell

@Dave Blackman

Did you ever get any feedback on this scenario.

@Jacob Dancy This deal looks doable from a private lender's perspective especially if you have a decent down payment. Most can close quickly, as well. The rate may have an on your ability to cash flow. However, you are willing to take that temporary hit in order to acquire the deal, I'd suggest it. 

@John Warren I had to thank you for this suggestion. I'm getting into the multifamily/portfolio space using my private money contact. However, I wanted a viable take-out loan option. I appreciate you sharing. 

@John Warren, I too, am looking for an eviction attorney. I will PM you. Thanks, in advance. 

@Ellie Perlman

Excellent article. Systems are essential, and automating those systems can expedite one’s success. I will be implementing your strategies.

Thank you for sharing.

@Bradley Bogdan Great information. As we venture into the multifamily space, this is something that we would highly consider. We strongly believe in supporting our Vets. Thank you.

@Taylor L. Agrees, IF you utilize their full capabilities. However, I’ve been utilizing the free version for years and it’s intuitive enough to proved a decent sales pipeline flow and marketing option.

I use HubSpot CRM and MailChimp. Both have free options for the beginning investor. HubSpot also syncs with Gmail. 

@Julien Anaya Don’t mean to beat a dead horse, but definitely a scam. I receive emails with similar terms once a week. I attempted to vet a couple just to see how they were getting my email address. Apparently I connected with a few on Facebook and LinkedIn (non here - shameless plug, but true).
@Jeff S. They actually started  offering higher rates. I’ve seen a few at 10-12%. But knew they were scammers when I asked more real estate centric question regarding their criteria. 

In some cases a hard money lender may allow a seller second note. Of course, you would need the seller to agree to a subordinate position. 

I work with both hard money lenders and private money that will fund up to 85% and will allow the seller to subordinate the remaining. But, the key is subordinating. The seller's financed portion has to be in second/junior position.