All Forum Posts by: Sean Blomquist

@Jeremy Karja we still have clients able to do it and cash flow at least 300 per door.  The window is getting tighter, but you are still able to do it with the right properties.

@Jeremy Karja the reason to use a HML to acquire vs going the traditional route is simple. Less money into the deal.

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.

Are you or your clients investing in property? Are you still sitting on the sidelines while other investors are making a killing in TODAY’s market? Learn how to finance investment properties with Hard Money. Did you know you can borrower the money to buy AND rehab properties? There are reasons successful and savvy investors utilize hard money in their real estate investing. It is not just for people with bad credit any more. Come learn when and why to use hard money. 

There is no RSVP required, just show up and bring a friend!

Would you like to:

Come join me and Kim Burke with Leader One Financial to learn how to buy cash flowing properties with lots of equity for little or no down payment. Yes, 100% financing for real estate investors is happening today and you need to learn and understand how it is being done. There are a few keys to this working and one of them is finding the right property. Come learn why today is the perfect time to be buying rentals and why the truly wealthy have either made their money or hold their money in real estate. Finally, you will learn a little known strategy that professional investors are using to buy cash flowing real estate without using much (if any) of their own cash! It is not hard to become rich if you know how. Come network and learn from experts that are successful in this business.

Space is limited, so show up early and get your spot!

After repaired value (ARV) is one of the hardest, but most important skills to have as a real estate investor. If you miss this number you could lose a lot more than your shirt. Learn from a pro how to value real estate, make adjustments and understand the positive and negative influences of your next deal. There are often many mistakes when it comes to valuation, even from your trusted advisers. Come learn how to do it right so that you are not counting on someone else when the next hot deal hits your desk. Here is just some of what you will learn from Sean in this presentation:
• How to run the numbers for sure fire success on every deal you do
• How to look at comps like an appraiser
• The common pitfalls even the most experienced investors fall into

• Strategies to be sure your fix and flip will appraise for what you need it to

There is no RSVP, just show up and bring a friend!

@Ryan Tuleja feel free to send me an email and I'll shoot you some info.

@Matthew Berry what part of area are you looking?

@Luke 

@Luke Benson it is kind of personal preference for all people. Some will only do SFH thinking they are easier to manage, but your best cash flow will be multi family.

I can show you how to grab rental property without having to put the 25% down that conventional financing would require.  Shoot me an email, and we can chat more about it.

January's meeting is one of my favorites and you won't want to miss.

We are going to have our Real Estate Round Table. This meeting has produced more successful investors than anything we have done. Not only will you learn from the best you will get to know the best. We will have several power investors and power vendors participating in what can only be described as speed dating for the real estate investor. They will each host a table where you will move freely through the room visiting several tables where you will get a chance to listen to other ask questions or you can ask you own. This is the one meeting of the year you cannot miss.

*Please make sure to show up on time this month. You will only have a little time to grab food, before we start rotating tables.*

We meet once a month to bring real estate investors together. The meeting is free and is based around networking. Have a property to sell, service to offer or just want to join the local real estate investor scene please join us at our next meeting.

@Gerry Tenebruso you can just do a search here on BP, or just on google. The trick is going to find HML's that don't require much down. Timetable for lenders vary, but for a rental rehab you should be able to get the repairs done and refi it in less than 4 months, depending on the amount of work needed.

The lenders (HML and refi) will most likely want an appraisal done. The appraiser can do a schedule of estimated rents for the property.