All Forum Posts by: Sean Blomquist

This isn't a cash out refinance.  It will be a rate and term refinance.  You will not be pulling any cash out.

There isn't a seasoning period for a rate and term refinance, and if a lender is telling you that it will be an overlay for their specific program.

@Dan Wilson

Welcome to BP.  I am in the Twin Cities as well.  Please let me know if there is anything I can help you with.

Sean

@Darren Eady

I hate to say it, but that is not correct.  There is a way to buy a rental without putting 20%+ down.  An investor can buy a distressed property using hard money to acquire and rehab the property.  Once the rehab is done, they can refinance with a conventional lender into a long term low interest loan.  We have been doing this for years with clients and they have had great success.

You may not get into it for No Money Down, but it is certainly much less than the 20%+ down that a typical purchase would require.  You have built the equity into the property by rehabbing it, negating the need for 20% down.

@Jared McKie @Marky Walberg

Guys, please email me directly and I can give you more information about how to acquire more rentals without the traditional down payment. 

Thanks,

Sean

@Darrin Hebert

I would be more than happy to help you with your goal of flipping 6 properties in 2016.  Give me a call or send me an email and let's chat about how we can work together.

Sean

@Ryan Johnson @Brandon Hershey

I'm the host of the Meetup Dylan was referring to.  It would be great if both of you could attend.  It is a fantastic networking opportunity and best of all there is no cost to attend.

If you have any questions about the event or anything else, please feel free to contact me directly.

Thank you,

Sean

@Chris Oswald

Please email me directly and I can give you some more information about free classes on how to implement this strategy.

Happy holidays!

Sean

Click HEREto register! 

When: 

Saturday November 7, 2015 from 8:00 AM to 5:00 PM CDT

Where:

Ramada Plaza Minneapolis

1330 Industrial Blvd. N.E.

Minneapolis, MN 55413

The Fall Success Summit will be the biggest and best Real Estate Investing event in the state! All meat and no sizzle. Leave your check book at home because we don't have books or tapes to sell you. This is a content rich event without the sales pitches.

Join Pine Financial Group for this one of a kind event. We have been told over and over that this is the best event our guests attend so we are bringing it to your town. Please join us for a fantastic real estate education event with NO SALES PITCHES!!! You love choices, so we will have several speakers in breakout sessions, and one killer expert panel.

We are loading up this event to be sure you go home thinking this is the best thing you could have done on a Fall Saturday. 

REGISTER NOW!

You definitely should attend the local meetings.  You will get information about what is going on in this market right now.  Please contact me directly and I can point you in the right direction to find meetings and classes for FREE.  Especially the "cash flow" that @Dan D. mentioned.

Hello,

Are you looking for a Real Estate Investing event in the Twin Cities, where you can network with like minded people? Not pay a fortune in membership fees? Get some FREE education? Maybe get a deal done?

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.

The event is the 2nd Tuesday of every month from 6-8pm. To find out more information about this great event and this months subject, please visit: http://www.meetup.com/Twin-cities-REI/

See you there!

Sean Blomquist

[email protected]

612-655-4765