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All Forum Posts by: Thomas McPherson

Thomas McPherson has started 10 posts and replied 58 times.

Post: Fed cuts rates by .5%

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26
Quote from @Michael Baum:

Just announced. More than many thought including me. I figured 1/4 point then another in a couple of months.

Should be interesting to see how things shake out.


 Agreed, I think the market will really start to spur up when rates get a little more competitive.  People can't justify leaving their 4% mortgage right now this causes a little bit of a stalemate. 

Post: Lending and Borrowing Advice

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26

Hello Dustin, 

I am actually the founder of our fund!  We are currently $25M and growing!  Our capital raise is not over, the target for this fund is $250M.  

Great chatting with you!

Post: Lending and Borrowing Advice

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26

Hey everyone, if anyone has any questions or wants to know the best practices for borrowing/lending out money, let's chat below!  I am an experienced lender and borrower in Phoenix, so I would love to share my experience with you all.  

Post: Hey there! Inroduction

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26

Thanks, Min, Patrick, Jana, and everyone else! Good to be here and I hope to bring value to the community.

Post: How can I be proactive when I'm buying a home?

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26
Quote from @Alec Jacobs:

I'm a newbie real estate investor and I'm in contract of buying my first rental property. I have turned in all the paperwork that they have requested and I have gone through my inspections and I was wondering what steps can I take to be proactive? 

I feel like I'm just waiting for the process to move along and I want to take action but I am a bit lost as to what I can really do. I am househacking this property so I do plan on moving out for the first time as well.

I know this is a pretty vague question but any insight would be awesome. Thanks! 

 Hey Alec, first of all, congratulations on being this far in the process.  Make sure you are staying in touch with your lender and respond promptly to any requests for documents.  Create a budget for yourself allocating costs such as utilities and maintenance so you are prepared when unforeseen costs appear.  Start thinking about the criteria you want for your tenants, and figure out your screening process so you are ready to rent.  I hope this helps!  Let me know how your househack goes!

Post: Hey there! Inroduction

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26
Quote from @Julio Gonzalez:

Glad to have you as a part of this awesome community, Thomas! 


 Thank you Julio, excited to be here!

Post: Hey there! Inroduction

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26
Quote from @Simon Ashbaugh:

Glad to have you aboard Thomas! Welcome to BiggerPockets!

Thank you for the warm welcome!

Post: Hey there! Inroduction

Thomas McPhersonPosted
  • Lender
  • Posts 60
  • Votes 26

Hi all, my name is Thomas.  I am an experienced real estate investor out of Phoenix, Arizona.  Super excited to be here and connect with you all!