All Forum Posts by: Stanley Yeldell

Key Questions to Ask Yourself

Property Cash Flow: Will the property generate sufficient cash flow to cover the monthly payments, taxes, insurance, and other expenses?

Exit Strategy: What’s your plan if you can’t refinance or sell the property after 24 months?

Market Conditions: Is the property located in a growing or stable market? Do you anticipate appreciation to justify the purchase price and financing terms?

Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?

Private Money or Hard Money Loan

How it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.

Benefits: Easier approval and faster processing, focusing on the property value rather than your income.

Downside: Higher interest rates and shorter loan terms (typically 6-18 months).

Partner with an Equity Investor:

Bring in a partner who provides the down payment in exchange for a share of the deal’s profits.

 Gotcha feeling excited and nervous at the same time

 Thank you! This helps.

Hi BP Community,

I’m Stanley Yeldell, new to real estate investing and ready to dive in! I’m focusing on [strategy, e.g., rentals, flips, or house hacking] and eager to build a portfolio that leads to financial freedom.

Currently, I’m learning, networking, and analyzing deals to take my first steps.

Questions for You:

• What’s the best advice for a beginner?
• How did you fund your first deal?
• Any must-have tools or resources?

Would love to connect, especially with those investing in New Jersey!