All Forum Posts by: Robin Simon
Robin Simon has started 636 posts and replied 3875 times.
Post: New to house flipping in the Washington, DC Area
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
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Quote from @Samuel Wardle:
Hi BP Fam! I am an experienced Real Estate Agent (8 years) in the DC area and have partnered with a past client to begin flipping homes in the area. We have capital to get skin in the game but our immediate short term goals are:
1. Find lending partners
2. Find our first deal - hope to get something under contract in 3-6 months
Looking forward to interacting with you all in the future!
Welcome - sounds like a good reasonable timeline, wishing you success
Post: STR Management Business w/ accounting services
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Are you located in Austin? I know a few people in the STR management business here in town that I could refer you to
Post: Looking for Finance to buy a condo,
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Quote from @James Celidonio:
Looking for finance for myself to buy a 780 square foot condo in Manchester NJ. trying secure at most $100,000 to present to owner
Pure investment property or do you plan to occupy?
Post: How long for tax delinquents to turn into liens?
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Quote from @Sean Dezoysa:
Post: Rate lock in fees on investment triplex property
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Quote from @Ivonne Hunter:
Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whopping 4% of the loan amount ($540k) which is an additional $12k. Has anyone ever heard of this.
Post: Funding for Triplex Before Refinancing or Selling
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Go to a private lender that offers both hard money and DSCR loans, they will be the most flexible and creative in structuring the deal the best way and giving best optionality for when you are ready to refinance or sell
Post: Loan Purpose for DSCR (Rental Property) Loans: Does it Matter?
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Thank you
Adding 5% prepayment protection for 5 years and a couple points can make the rates extremely competitive
Post: Looking for other REI in and around the Houston, TX
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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Quote from @Scott Davis:
Hello BP,
I'm a new REI in the Houston area and looking to make connections with agents, contractors, lenders, and property managers.
I haven’t seen many in-person networking events in the Meetup app so if anyone in the area knows of any, please let me know.
Thanks, and I look forward to connecting with many of you.
Do you ever make it up to Austin? Several good networking groups up here that meet regularly, would be worth it to make the drive every now and then to join!
Post: June 2022 Austin Market Update
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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are you seeing any shift in composition of the buyers with the recent cooling off (i.e. more/less investors vs. owner-occupied?)
Post: Looking for information about Multi familyy on Worcester!!!!!!!!
#3 Private Lending & Conventional Mortgage Advice ContributorPosted - Lender
- Austin, TX
- Posts 4,576
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@River Sava for financing!