All Forum Posts by: Ryan Longley

I want to ask Taro about a program he went through. I wanted to get his feedback on the program. @Brandon Turner I heard you talk about him on the podcast which is why I am posting this here.

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Have you ever used a hard money loan when purchasing a property at Auction? It seems a little crazy but I am wondering if anybody has ever tried this method

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Do you need to have good credit when you refinance a property? is the criteria the same as obtaining a mortgage?

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@Jason D. So essentially opening up an LLC and obtaining loans through the business is the way to do it?

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Originally posted by @Brent Coombs:

Originally posted by @Otis Bevel:

I purchased the property through a hard money lender.

If you owe your HML $60k+ on a home that any conventional Lender would value at around $125k, then yes, ask one of those Lenders to let you borrow say 70% of their valuation ($125k x 70% = $87.5k). You won't need any further deposit because you ALREADY have ~50% equity, so not only do you get to pay off your HML, you have a bit of "free" cash left over too!

Then, you're in an even better financial position than you were at the start - so, REPEAT!

The other question you need to answer before deciding not to flip it:- will it still cash flow positively, even though you now have 70% leverage, on top of its other ongoing expenses? Cheers...

How do you keep getting loans from the bank after refinancing? I thought there was a limit to how many loans you can have?

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Hi guys,

I just listened to the newest BP podcast and I have a friend who keeps telling me he is interested in Real Estate. I want to get him started on door knocking and cold callng. How do you go about training them properly so they feel confident when they are out talking to people? I tried this with another friend and made the mistake of making him an equal and trying to do deals together splitting it 50/50 and it totally did not work out. Any advice is appreciated

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All Forum Posts by: Ryan Longley

Ryan Longley has started 8 posts and replied 21 times.

Post: OWNER FINANCE FOR 15 YRS. @ 9% INTEREST RATE, FULLY AMORTIZED

Post: HOT DISCOUNTED DEAL MULTI FAMILY IN NEW HAVEN COUNTY 36K!!

Post: No Rehab Rental or Flip or Owner Fi Downtown SA

Post: Monster Cash Flow Duplex

Post: Can anyone introduce me to Taro in Seattle Washington.

Post: Using Hard Money For Auctions

Post: Do you need credit when refinancing?

Post: BRRRR

Post: BRRRR

Post: Teaching a newbie Real Estate