All Forum Posts by: Monica Soyemi

So I purchased a property a few months ago through a wholesaler, a Hard Money Lender actually blasted out the deal to investors across the country and I was able to get the deal. I just completed the rehab a couple of months ago, and was looking for a buyer, but unfortunately due to Rate increases the buyer demand has slowed. I am now considering doing a refinance or cash out refinance with a DSCR lender, and maybe re-list next year because I don't believe my income can support the mortgage. Currently paying around $4000 in Hard Money interest per month, so looking to find a great solution based lender. Thanks

@Davonta Williams Hi Davonta, did you make a decision?

@Julia Sung Hi Julia, I would recommend REAL Broker NY LLC! They've been really helpful to me as a newer agent with guidance and they offer really great commission splits. You can text me (774) 246-6185

I have a great deal on my hands and deciding whether to assign the contract to another investor or raise private money to get the job done. Home is under contract for $540K, ARV $800K with rough $75K-$100K rehab depending on the experience of investors. The floors are in good condition and so are a lot of cabinets that can just be repainted. The issue is, I just don't have the capital to get the job done so I'm interested in wholesaling it. I'm a realtor in the area and know because of the school district each apartment would easily rent for $2200 with 3 apartments and a basement. What should I do? View report

*This link comes directly from our calculators, based on information input by the member who posted.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi, thanks so much everyone! The city is Yonkers. It's a multi family

So many hard lenders want 20% of the purchase price as a down payment, in a market like NYC having 20% down is tough. What's another way to acquire hard money loans without such a huge down payment?

Hi, I just went to BPCON21 and I came back so excited and fired up to buy my next house. I don't have any W2 income and my 1099 income won't support a mortgage. How can I BRRRR? I know a hard money lender will loan you money on how good the deal is, but after that how can you refi without W2 income?