All Forum Posts by: Sean Blomquist

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.

Would you like to:

• Set yourself up for retirement?

• Have something valuable to hand down to your children?

• Make money while you are traveling the world (passive income)?

• Do all of these with little to none of your own money when you buy them?

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.

Would you like to:

• Set yourself up for retirement?

• Have something valuable to hand down to your children?

• Make money while you are traveling the world (passive income)?

• Do all of these with little to none of your own money when you buy them?

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.

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.

@David Palmer shoot me an email directly and I'll send you some info for networking events in town with other real estate investors.

@Andrew Lemmie typically the only way you could walk away with money would be if the lender's LTV covered all of your costs and there was some "extra" funds available. Typically they would only do this if you have some earnest money into it and they reimbursed you some of that.

There really wouldn't be any reason to borrow more than you need, because you would be paying interest on that money.  

@Ben Davis that's great!  You will get a ton of education.

See you tomorrow.

@Brandon Phillips typically in the BRRRR strategy you are needing to find a house to rehab. That is one of the R's in the strategy :) You are building the equity into the property by fixing any major issues, bringing a house up to code, or maybe just updating a well taken care of home that hasn't been changed since it was built.

I wouldn't be as concerned with a house being pre-1980 if you are going to be rehabbing it.  Typically some of your best options for this strategy will be older than 1980 and may just need to be updated to add value, not a full rehab.  As far as lead paint, asbestos, etc...cross that bridge when you get there, but don't let it hold you back from looking at certain age property.  

Good luck!

@Michael Corso  I understand your position and opinion of lenders that claim to do 100% financing, but you can't lump all companies claiming that into one group saying they don't exist or are predatory lenders.  Some are legit and it is still possible in the right market with the right deal.  I do agree that many of them aren't legit and if they want all kinds of fees up front before actually closing on the deal, then you should walk away.  I'm simply saying don't give all a bad name because of the few crooks.  I did see that you finished that first part by saying "if you search hard, you will find a few true 100% Hard Money lenders".

@Jay Hinrichs they don't necessarily need to be extremely experienced or have a long standing relationship.  Obviously that doesn't hurt, but isn't a requirement.  With that said, someone brand new to investing is going to be less likely to get something fully funded.  Like I mentioned above, if a lender is asking for fees up front (especially large ones) without having funded anything, then you should let common sense take over and walk away.

@Joe Sniadowski it depends on the type of property and the financing you get. If you are buying a property that needs work (rehab is one of the R's), then you can either do cash or use a Hard Money Lender to acquire and rehab the property. Typically the HML will be for less than a year term. Once the rehab is completed, you can refinance out of the HML into a conventional loan with a 15 or 30 year term. In that case, the time you have the HML could be only a couple of months, depending on how long the rehab takes.

Those are the basics of it and hopefully gets you pointed in the right direction.  Good luck!