All Forum Posts by: Tyler Christiansen

On the Biggerpockets podcast show 527 with Pace Morby he talks about “Due on sale insurance” to protect you in the event the note gets called due. I have no experience with this product however it’s worth a listen to the episode as he is an expert on creative finance and also look into the insurance product to see if it would help in your situation! 

Thank you for your answers Jeff and jay. This is the type of info I am searching for as I build a list of lenders to contact. 

I am looking for references for hard money lenders or other types of flip funding providers. I have done some searching but would really like to hear FIRST HAND recommendations from folks that have used any themselves. I am in Des Moines Iowa and local services would be a plus but not necessarily required. This would be our first flip. We have one duplex, and have built one new construction home. 

What are the main things you look for in a lender?

What questions should I ask them? 

What things should I have together before I contact them? 

What are acceptable rates, fees, and LTV or LTC levels you are seeing for your projects?

Thank you for any information you may be able to give. I am going to be compiling a list and contacting them next week! 

Welcome to the area! My wife and I have recently moved to Des Moines as well. Since we have been here we have checked out the following in person meet ups. 
 

 @Darson Grantham hosts one every Friday morning at 7am at Smokey row coffee shop on Cottage Grove in Des Moines 

There is also one at Gilroys in West Des Moines on the 3rd a Thursday of the month at 5:30 hosted my @Mitch Colluzi 

I apologize if the tags don’t work it’s my first time trying and not sure if I did it right. 

-See you There!

Welcome to the forum! My wife and I are also new investors who recently moved to Des Moines. We bought our first Duplex here in August. We went through Luana Savings Bank in Norwalk. We had a great experience there. They also do portfolio loans that are more flexible. I have also heard Green State bank. And Midwest Heritage Bank are good to work with. 

I used sherwin williams super paint as well for the duplex we just bought . We opened an account there and received a nice discount, as well as a $50 off coupon. So that is an option to save some $