All Forum Posts by: Scot Evans

Hey @Jaron Walling , 

Thanks so much for your input. I believe that's where I am now. I've spoken to people who are active in the market and ran the numbers multiple times. They check out for the most part. I think I'm at that point where I believe I have to eventually make a move. I've hesitated many times before. I am more of an action taker. Based on 90% of investors I've spoken to and listened to on the podcast they start and that first deal is not always the best or extremely successful. I believe that through the knowledge I've gained that I am in a comfortable space to make a move in investing and ran enough numbers to mitigate the loss. 

I believe either way I Look at it I'll end up using OPM whether through traditional financing or HMLs. Definitely would love to pick your brain on your experiences with other HMLs that you have had. Definitely new territory for myself. I've heard the good bad and ugly thus far. 

@Bruce Woodruff 

The equity in my home is estimated to bring me no more than 25K in my pocket and I do not have the best debt to income currently so how much the Cash out refi will bring will be based on credit standing. 

Hello BP Friends,

After reading and listening to many BP Podcasts episodes I've decided that I am finally taking the first step into my real estate investing journey. I am looking to invest in my "backyard" in the Atlanta Metropolitan area. I have ran the numbers on a few potential single family one story 3b & 1-2.5/ba properties and they all have potential to do really well after calculations. I am seeking to use Hard Money to fund. The only experience I have in investing is the purchase of my current residence which was newly constructed using my VA Loan. How should I approach a potential Hard Money lender to back these deals with little experience? I am confident they are great deals just skeptical of my approach to the lenders. Any advice would be greatly appreciated especially if you're a contractor, local investor, lender, agent, etc.

Hello @Damicco Robinson

Thank you as well for that advice. I connected with you too and I definitely would love to pick your brain and possibly you have alternative options for me. 

Hello @Brenden Mitchum,

Well I am a newbie in this realm and from my readings and listening to the podcasts my primary residence was used with my VA Loan. I was reading that I'll have to get creative with my financing being that obtaining a traditional loan may not be available to me. I say "cash buyers" just to hint that I'm looking to possibly finance without a traditional loan. Maybe I used the term incorrectly lol.

I’ve learned that the best way to leverage the fact that I do not have the funds readily available myself is that I need to be the one who brings the “perfect deal” to the ones with the capital. Whether through partnerships, hard money lenders, etc. 

I also plan on using my residence to leverage my position being that my home has gained lots of equity since I’ve purchased. 

Thank you so much for always elaborating on my posts as well and giving great advice. 

I am currently in the early stages of my real estate investing journey and I am gaining new knowledge everyday from BP readings and just from networking. I have a question for all “cash buyers” who are familiar with the Atlanta Metropolitan area (but not limited to);

What is it that you all look for in a “Perfect Deal?”

Hello @Eudith Vacio - Thank you for the warm welcome. I definitely have to keep that in mind. I was not aware that some reason; estate agents are also investors (noted!). I'll do more digging into the matter. I am excited to make my first post of my journey. Thanks a bunch!

Hello @Brenden Mitchum,

Thanks a lot for the advice. I'll look in to the Facebook group now and keep my eyes open on meetups.com. I'll look into GAREIA & ATLREIA, I actually never heard of those sites before. This was very helpful and thanks again. 

Hello All BiggerPockets Members,

I hope you all are doing well. I am really excited to join this platform and I aspire to become a real estate investor. I live in the Atlanta Georgia Metropolitan Area. I am really eager to network and meet like-minded individuals who share similar goals. I’ve been tuned in to Bigger Pockets readings and the podcast episodes. I’ve only been engaged for maybe a month now and have learned so much in that small bit of time.  Im sure that they are around but I really want to attend a  Real Estate meetup. So if you are in the Atlanta Metropolitan area please do not hesitate to update me on the next gathering. My first major purchase has been my newly constructed residential home and I look forward to leveraging what I can with this property for my first investment move. Please follow, connect, etc.with me. I look forward to this new journey and thank you Bigger Pockets for this platform. Stay blessed. 

Hello, when is the next event?