All Forum Posts by: Ryan Deasy

@Justin Molzhon

have you looked at hard money? that might be your answer. happy to share more thoughts.

@Nina De La Cruz

great job on this! i just moved out of houston. great town!

@Andre Garbo

i have done exactly what you are doing with hard money. happy to help.

@Seth Baumgartner

biggest tip would be getting a few deals under your belt. if someone came to you asking for money with no experience it would be a tougher sell, right? the way i was able to get private lenders is with a proven track record that i was able to show. this also made me alot more comfortable having this conversation.

@Joe Jung

good question!

my partner and i have a number of LLCs but we have multiple properties in each. we do create new ones as we get some larger properties though. for example we have a a few 5 units and 6 unit in one, but created a whole new LLC for our 21 unit. i agree with you. a different LLC for each is crazy. an attorney may be able to advise best.

@Jordan Henn

BRRRRing is a great way to get started! i hear you on the soul sucking job too.. i really do...

get yourself a good hard money lending and/or financing partner. this was crucial for me.

@Season Price

hard money might help you here. ill send you a message.

@Sarah Young

wow! great looking place and amazing STR cash flow. good for you! happy to see this worked out.

@Bernadette Cap

have you thought about hard money? i have come to the table with "all cash" via a hard money loan. seller will not really know the difference. i think this is your best best especially since there is rehab involved and you can get that covered 100% in the HML loan.

@Jacob Thoren

welcome to BP! happy to help. purely from a lending perspective, if you are trying to do hard money (and you should consider this if you want to do anything with rehab - BRRRR or flips etc) you will need an LLC, at least with HMLs i have used