All Forum Posts by: Scott D Burrows

@Chris Mason

Thanks for the great share! 

@Joshua Kleiman

No problem. Happy to help! 

@Joshua Kleiman

I have worked with @Diana Muresan (licensed in all 50 states) and truly enjoyed the experience. 

Also, @Andrew Postell is very knowledgeable and I'm sure can be of assistance. @Chris Mason is also a good source and investor-friendly.

Another question: 

Will this be owner-occupied? 

Good luck and have a great day! 

-Scott 

@Nicole Camarao

Guessing this is a question for @Andrew Postell or @Diana Muresan

Have worked personally with Diana (she is a licensed lender in all 50 states), who is an active poster on BP as well. In addition, I follow Andrew and he is very knowledgeable on loan options and always gives great responses to questions. 

Also, I would probably try to offer some more information so that people can help you to the fullest extent (i.e. loan amount, time frame needed, etc). 

Have a great day and good luck! 

-Scott

@Mark Davis

Good luck! 

Feel free to connect. Always willing to help out a fellow BP brother. 

-Scott

@Tara Ballenger

I have worked with @Diana Muresan and thoroughly enjoyed the experience. She is fairly active here on BP, so I'm sure she'd love to connect and answer any questions that you have. Also, she is licensed in all 50 states, so that helps :) 

Good luck! 

Scott

@Jerry Padilla

Thanks for the awesome reply. While I did not ask the question, always good to learn from a pro. 

Thanks, 

Scott

@Mark Davis

Guessing most people will reply with the generic "talk to a local, small bank on this one". 

Some good, active contacts on here for this type of question are @Andrew Postell and @Diana Muresan

Most common BP recommendation: 

While I have not put a property into an LLC that I have had a loan on, the general consensus on here appears to be that the easiest route is to simply get the property in your name, then transfer to LLC.

Another Option: 

Could try to get a commercial loan, this will depend primarily on your assets, business plan, relationship with commercial/portfolio lender (again, usually at smaller, local banks). However, there are lenders that do lend commercial, which aren't terribly small, you just might not get the best rates. Also, usually the commercial rates are going to be 2-3% more and have pretty terrible terms. The more and more I look into commercial loans, the less I like them. Essentially, you are giving a lot up for a little in return, when a little creativity could overcome the need to use commercial for single and smaller multi-family acquisitions.

Hope this helps! 

I'm sure that the people tagged will have much better responses :)

-Scott

@Seth S.

Being prepared and showing you have done your homework can never hurt! 

However, most of them are just going to ask the same type of questions that they ask, for the most (NOT ALL), that they'd ask someone who is a non-investor. So, it makes for a bit of a merry-go-round at times. 

Just leg work and calling every bank in the phone book (especially bank with less than 7-8 locations, these will be the most flexible for sure. 

Good Luck! 

Scott 

@Dexter Samour

Wish you luck on this and let me know if anyone is able to help you, because I would like their contact information as well. 

@Diana Muresan may be able to help you as well, she is very knowledgeable.