All Forum Posts by: Dorothy Butala

PA allows you to do online or classroom style.  I prefer classroom, but did the online through Kaplan I believe.  I really liked their question bank at the end of the modules.  They broke down how you did in each module and kept a record of your answers.  You could then create your own tests based on modules you were weak in, or just a test on all the questions you got wrong, so that you could strengthen your knowledge by just focusing on where you were weak.  

Anyone who has questions about Erie and the investment market, please drop me a line. I am an avid investor and am also licensed.  Love helping anyone who may need some direction!

@Bryan Larsen Welcome to the Erie real estate club!  Drop me a line and I can get you connected with a lot of resources to get you started! 

If you need assistance, let me know!

I joined Fortune Builders several years ago, and before you poo poo the guru, I have made my money back plus more, and have made invaluable additions to my network (network = net worth).  

I have done everything on my own for the past several years and never added anyone to my account. I am moving in a different direction in real estate and hate to have those spots just sitting there, especially if there are people who will take action with the information that FB delivers. If you wanted to join FB but were unable to cover the investment on your own, I am open to placing people into the 3 spots available under my tuition split 4 ways between my initial investment.  This will give you your own log in and access to everything, including grandfathered in lifetime access to the boot camps (which I believe they do not do any more). 

Drop me a line if you have questions or interest.   

@Jacob Baldensperger Good to see you got some units under your belt, definitely join us at the apartment association and Cash Flow and Cocktails! 

I cannot remember if I heard this idea on a podcast or read it in the forums or blog.  Someone mentioned the idea of having a shared place for investors to upload appraisals that they have received for properties.  I remember thinking it was a great idea, but wanted to make sure before setting up something like that, that I understand the pros (so I can tell others why it is a benefit) and the cons (why we may not want to do so).  Has anyone set up anything like this or avoided doing so?  I am looking forward to input.  Thanks!

Follow up question: what are your ideas for making land for cash flow?  

Are the SFR's in your name or a business name? I am not sure what you mean when you refer to "delayed financing", could you explain for my benefit? When you say portfolio loan, do you mean working with a bank who does not sell their loans, but hold them in house?

Some banks have different requirements, but two that I work with structure loans as follows:

Bank 1:  is a local portfolio lender, requires a 6 month season period, does 15-20 year notes with 5 year variable interest, super quick turn around on refinances

Bank 2: is a credit union that does commercial loans, doesn't require a seasoning period, but does require a lease to be in place, does 15-30 year notes, rates vary depending on note term, and they will allow a 10 year period before the rate changes, super slow turn around on refinances

I opt for option 1 because I don't like to be slowed down for 3-4 months waiting for a refi, but I also have a great relationship with my bank, and tell them what other lenders are doing and see how closely they can match the competition.  For instance, my bank is considering giving me a 10 year locked period, and when they usually only do 15 year terms, they have been giving me 20 year terms.  

The reason I bring this up, is because I don't know what relationship you have with lenders or your investment background and history.  If you are new, you may be held to their standard loans i.e. 15 year term 5 year apr with a seasoning period, but if you are more of a seasoned investor and show a history, they may be more likely to be lenient with their terms.  The commercial/portfolio you have a bit of negotiating room, unlike the retail/residential side.  

I hope this helps a bit!

Are you trying to syndicate, is that what you need assistance with?