All Forum Posts by: Pasi Musaindapo

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Yes I can, but I want be sure I understand your needs. Are all these properties under contract? Are these properties in a portfolio? Is the 100k for a second position on the deals?

Call or email so I can have clarity on what you need.

Pasi.

I have options for you. Are you trying to fund all of these?

My apologies to the BP community. Our website crashed Wednesday evening. As a result the online quote form was not working. We regret any inconveniences. Please re-vist the link above we have corrected the error.

Thanks.

Pasi.

We have great products for your deals. Call me or... fill out the form on our website to get a term sheet.

https://sapny.net/get-a-quote

Mei is very correct ! Start working on your credit now. Keep it above a 680 and with a healthy debt to income ratio.

Thanks Mei!

Salvatore,

Thanks for responding. We broker hard money loans, and bank loans nationwide. Minimum as is value $100k. Max loan as high as $200mil

Send me an email with the details on your deal if you need a quote.

[email protected]

Mojania,

Congratulations. My 4 points of advice for a beginner are simple but important.

1. Study -  Read, research, watch youtubes keep asking questions etc. Most of all study markets across the country but especially the real estate market in your own back yard. Learn everything you can... from contracts, to terms, to formulas and market trends over the years. Real estate is an exciting space that you teaches you something everyday. The biggest thing to learn is which direction a market will go. It is also the hardest to learn. You have to learn how to identify a property in a market that will payoff later. This takes learning from others and taking time to study for your self. 

2. Save up - I don't know your financial situation, but keep building cash reserves is a very critical thing to do. Whether your are flipping or renting... off each deal put some cash away and don't spend it. The market changes from time to time and having stashed cash important.

3. Set goals - Make a plan of where you want to go and what it will take to get there. Is it 1 flip and 2 rental properties in the next year? Write it all down and keep tweaking the plan till you get to your goal.

4. Step out - Meet people, try new things, (COVID is changing a lot of strategies BTW) Bigger Pockets is a great way to meet people and develop relationships. This was a good move for you. Real Estate is a relationship business!!!!

Best of luck to you. 

Stay in touch.

Pasi

If you or any one in your network need to explore funding options for a project, send me an email with details about the deal. [email protected]

Depending on your relationship with the person doing the flip, and their experience with rehabs... I would ask for a budget for each property before dispersion of funds. Only dispersing funds at certain parts of the process. Even with the "cherry picking" good properties I would suggest taking a deeper look at rentals in the area first and adjust interest or other terms accordingly.