All Forum Posts by: Nick Wing

We do everything from Hard Money Lender, Buy and Hold, and Flips. Each field has its risks. The risk should be analyzed on a deal by deal base. IMO in the order of riskiest in general would be: 1st Flipping, 2nd Holding, 3rd Lending.

Is the property a rental? Where is it located? I know our loans must be non-owner occupied. "What are the funds going to be used for?" Is a very common question. Hard money lenders aren't in the business to foreclose on people so we must make sure that people will have an exit strategy to pay off the loan. There are programs out there designed for landlords to refi with. If you have any questions contact me!

How good are the deals? Do you have anyone that is "mentoring" and directing you? Do you have capital for the rehab? Might know somebody!

Hey Cornelius,

For the most part, people do bring in their own funds, but do a little research on GAP funding.

@Aaron Junck California is my back yard, I would strongly recommend trying to find something out here! haha I am just a little biased.

Welcome! Great place to grab info and experience tips!

@Christopher Hunter ... if you do not want to concern yourself in representing yourself in the acquisition or sale, we can now answer the original question a little bit better. No it would not be beneficial to be an agent, it might actually be detrimental as you would be expected to know and disclose many items a normal seller would not be expected to know and disclose. You remove yourself a step away from liability. You can get access to the MLS as an "assitant" to a broker or office. I dont know if its something you are interested in but maybe reach out to a broker near you that will allow you to register as an assitant, then pay the fee to get access.

@Christopher Hunter I didnt meant get the lic to represent other investors, I meant to get it so that you can represent yourself on your sales. You will keep 3% of the purchase price in your pocket instead of giving it to a listing agent. However if you dont have time to list the property and market it yourself, reach out to as many agents as you can, offer them a listing if they bring you a deal.

@Christopher Hunter It is great to be able to buy and sell your own houses as you will get money on the commissions. Im assuming @Shawn Mcenteer is referring to the office fees you must pay your broker? However if you find a broker that doesn't require a large amount of office expenses then it shouldn't cost that much. If you want to be a REALTOR, then yes more fees will be requried.

Joshua Becerril out of state isn't bad at all.. We are in California and have holds in Indiana... And we are looking into other markets. California is so competitive it doesn't make a whole lot of sense to buy and hold there unless you get an outstanding deal which is very very rare. We have 40 in calories and around 70 out of state.. Just make sure you hire a reputable management company.