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All Forum Posts by: Richard Loniewski

Richard Loniewski has started 113 posts and replied 444 times.

Post: Was told One Brokerage won't do a loan for under $150,000?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Start connecting with other investors who have capital and are looking for deals, you can do a JV to get your first deal done. FYI our min loan amount is 100k

Post: Looking for Hard Money Lender in Missouri

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

I can help with the loan provided you have decent credit. As far as the gap funding portion start networking with investors with capital but needs a deal and do a JV with them. There is always asking family or friends if that is an option.

Post: Best DSCR Rates!

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Post: We Lend To First Time Investors In All 50 States

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Post: First time Investor Questions -Is it too late to start?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Never too late! I started when I was 50, killing it ever since.

Post: This might sound dumb but... What else can I be learning?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Learn how to analyze deals, build your team (realtors, contractors, lenders) start networking and learning from real investors. you will never know everything. Start finding properties and make offers!

Post: DSCR Loans - Purchase or Refi

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Post: Is an LLC needed before buying the property?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Not Really, I just put property offers under the street name LLC (like 123 Main ST LLC). If I get the offer accepted then I form it, but you need to know timeframe in your state for getting one, so you might need to get in advance. In NJ you can create one online almost instantly.

Post: Need Funding? Good news rates have been going down!

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

Post: Newbie here! Ready to pull my first foreclosure lists: what's your favorite source?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 520
  • Votes 127

I use PropStream, inexpensive and they can skip trace for you as well.