All Forum Posts by: Vessi Kapoulian

@Jay Hinrichs Thank you. I appreciate the clarification!

@Chris Seveney  Thank you. So the information is collected eventually, just not upfront. I appreciate the clarification!

@Chris Seveney  Thank you for sharing your feedback. How would the lender process auto debit for the monthly interest payments without the bank information?

Quote from @Kenny Kuramoto:

I wanted to see If i got this explanation right on this Hard Money Lender. I know people will have this question so here is a sample sheet I have. For context this my first BRRR so thats why the rates are probably high.

I was wondering a couple things

1. Estimated Cash due is what I have to put in? Is it my Down plus fees? 

2. How is my Down Calculated?  25% down of the Purchase Price?

3. They are only offering me 65% of ARV ?

Thanks everyone!

@Kenny: Re question #1: This is your down payment plus the origination fees of $4,241, which roughly equates to a 25% down payment (question #2). The loan amount is indeed 65% of ARV (question #3) and covers the $35,000 construction costs too. However, from the above it appears that the $35,000 construction piece will be funded in tranches as the project progresses, which is not uncommon. You would want to understand that lender's draw process and timing. From the information in the bottom right corner it appears there will be additional fees with each draw (which is not uncommon).

The Savannah Portfolio

We have only a few spots left. DM me for details, if interested to invest.

We have only a few spots left. DM me for details, if interested to invest.

@Caleb Sherrill

I had a great experience and strong results with Anthony's course. I recommend choosing the coaching option (vs. the course only option). The content is absolutely great and Anthony provides one on one support. Feel free to DM me for more information, if you'd like.

https://youtu.be/ssCTkS8KnhQ

@Jenny Zhang: Most sponsors would be willing to share their underwrite or answer questions. If they do not, that would be a reason to pause and walk away. To get comfortable with the sponsor and team, if you are not able to connect in person, connecting online over Zoom is a good initial step. Then connecting to their newsletter and social media posts is a good way to stay in touch and get to know them over a period of time. Passive investor forums (like the two I mentioned above) are a good way to get feedback from other passive investors. I hope that helps.