All Forum Posts by: Sean Blomquist

@Brian Kreitz what area are you looking in?  Amery or twin cities metro?  Reach out to me directly and we can discuss your options.

@Dwaine L. shoot me an email, and I'll send you some info directly.  There is a free meeting tomorrow evening for investors as well to learn some of the basics.  I'll send you that info as well.

@Bob Kaufenberg sounds good.  We have many events and classes around town, so keep an eye out for them.

@Jesse Bryant usually about an hour and a half to two hours.

@Account Closed sorry, but we don't record these.  You will just have to make it when we do this class in the evening sometime.

@Joseph Williams yes, we are still getting together the 2nd Tuesday of every month.

@Kelly Conrad there are ways to buy rental property without having to put 20-25% down.  Contact me directly and I can give you more info about it.  @Kim Burke and I teach a class on this very subject, so I can give you the details about that as well.

@Selena Walsh I would be happy to talk with you about your investing strategy, how we can help and any questions you have.

Feel free to contact me directly and can talk further.

@Matt Koury 

If you buy a rental property with a traditional loan, you are looking at having to bring at least 25% down on the purchase. Then if the property needs any repairs to get it rental ready, it would be out of your pocket. Granted, it has to be limited repairs, or a traditional lender may not loan on it to begin with.

In the Hard Money scenario, you would acquire the property and rehab it using the HML. Depending on the lender, you may be able to do that for no money down. Once the rehab is done, you would refinance out with a direct to Fannie Mae lender (no seasoning required). Because you increased the value to the property (built equity into it), they can do a rate and term refinance. That most likely will mean little to no money down on the refi.

Since you have put much less of your own money into the deal, you can do more deals quicker than saving up a down payment for each property.

Mind you, this only works with HML if the property needs rehab to increase the value. It won't work a turn key rental or a very limited rehab (paint and carpet).

Let me know if you have any other questions.

@Gregory Brooks the obvious one is Renters Warehouse, but there are other ones in the Metro as well.  One that I now clients of mine use, is Vanquish AP.  Might want to reach out to both of them.

Good luck.