All Forum Posts by: Mason Weiss

We are back with another coffee and relationship building meetup this Saturday at 9am! We have been meeting for over two years now and this year alone, we have had 3 attendees acquire properties from the confidence and connections they made at this meetup.

We have 4 RSVP's and 6 slots left for this date so whether you are a seasoned investor, or just starting out, come on out and join us!

Hey Jeffrey, if you get it reappraised at $850K you can most likely pull out 75% LTV and pay off your hard money lender (I assume that is how you financed the purchase but maybe you used cash or conventional financing). Your loan amount would be 75% of the appraised value most likely. There are a lot of details and factors that come into play depending on the type of financing and appraisal value, might be easier to hop on a call to dig into the details.

I have done this for a few of my clients recently who have purchased in AZ. Your new line of credit will have a higher interest rate than your current mortgage rate on those properties but it might be worth it for the income goals of the Gilbert property.

It helps to discuss with a mortgage broker who is licensed in all states so you can work with the same lender throughout the process. If you need a recommendation I do have one for you.

Hey @Haiyam Basiri, I have a great recommendation for PM in Phoenix. I will shoot you a message to get you connected! 

Hi Maria, have you considered getting your RE license so you can assist other investors in finding and locking up deals? This would keep you in the space while you can learn and make connections so that you can have a head start when you are financially ready.

I did something similar when I wanted to get started in RE investing but had no capital, I got my RE license so I could learn with hands on experience. 

Welcome to BP! I am a featured Realtor and lender with BP in Arizona and BP has helped tremendously with my knowledge and relationship growth. Let's connect and maybe schedule a time to chat further and hear about your goals.

Hey Chase, I am investment friendly Realtor and Lender in AZ. I host a meetup on Saturday morning in Mesa/Gilbert which would be a great way for you to connect with other investors and RE professionals. I will shoot you a DM with the meetup link and would love to meet you there.

Hey Rob, I have a very strong DSCR lender in Texas that would be a good connection to get this done. He's a mortgage broker with years of experience and his cost is usually hard to beat. Shoot me a message if you are interested in the connection.

Come on out this Saturday to our weekend coffee meetup! If you are an RE investor or professional, this is an effective and casual time to ask questions, network, and grow a community of like-minded individuals. We have 9 RSVPs for this Saturday, but we can host a few more attendees. 

Hey Courtney! I looked into house hacking with a small child but the small multifamily properties in Phoenix were in rougher areas and smaller in size so I ended up going the townhouse route. Sometimes lifestyle beats strategy especially when it comes to your own family.