All Forum Posts by: Kirk R.
Kirk R. has started 69 posts and replied 925 times.
Post: Dentist looking to become real estate agent
- Peoria, IL
- Posts 967
- Votes 383
Originally posted by @Andy Reichert:
@Kirk R. That’s a really good idea. I’m a dentist as well. How would you recommend becoming a hard money lender? Are there any best practices one should consider to get into it?
I'm pretty ignorant as far as hard money lending. Someone was saying irr $40k is maybe minimum to try to get hard money (not loaning). I would maybe start a new thread.
pick a bank any bank call bank ask for money
1. call bank apply for a loan
2. call bank apply for a loan
3. call bank apply for a loan
Post: 24 offers on 13 properties and just closed on my first purchase!!
- Peoria, IL
- Posts 967
- Votes 383
nice job. are you gonna let things settle/learn ropes some? or back on the hunt?
Post: How to market to SOI without damaging relationships
- Peoria, IL
- Posts 967
- Votes 383
im not sure what acronym soi is. sphere of influence? but selling/doing business with people I know has not worked best for me. But I'm pretty small time.
Id rather work with people that are wanting to buy vs trying to sell to someone i know.
iv nnever thought it a good idea to date someone i work with. then gotta see them at work.
i have different personas. when i go to work. when I'm with my gf. when I'm interacting with tenants. etc etc
if tthey are really really interested I'd do business with them. otherwise no. I think your radar is tracking right.
Originally posted by @David Palmer:
I would like to purchase and move into a triplex property using an FHA loan. I currently own 3 duplexes, 2 conventionally financed and one FHA financed. I have paid down the fha duplex owning 10%. Can I refinance that into a conventional loan without paying anything other than closing costs? I do not live there, so would I have to put down another 10% to do so?
ask a bartender or call a banker ha! banking rules changing faster than the weather these days!
Post: I have 20k in cash ,
- Peoria, IL
- Posts 967
- Votes 383
Originally posted by @Tony Merchan:
Hey
I have 20k in cash , never purchase real estate , what should I do ? Credit is 720 and up . Live in New York . Open to different locations
Help !
Thank
ne other bills. car. credit card? then look at your income. I'd get approved for a loan thru a banker.
Post: Step by Step Process on Getting Started
- Peoria, IL
- Posts 967
- Votes 383
Call Banker. Apply for loan. Dun!
Post: Trying to add an additional room
- Peoria, IL
- Posts 967
- Votes 383
about 130 sq feet is min for adult imo
12x11 or better 12x12
Post: If roommate dies in IL what to do?
- Peoria, IL
- Posts 967
- Votes 383
I've got a roommate with asbestos issues.(really good roommate) Hopefully lives long time.
He said he told his daughter to not claim his body.
I told him that we're gonna see what the trash guys do when they see his legs sticking out of trash can!
Anyone dealt with this or advice?