All Forum Posts by: William Dampier

Pat Risinger has a "Meet Up" tonight at 6:30 at the Rudy's BBQ in Sugar Land. @Trey Watson was spot on - Pat loves to talk a lot, but he knows his stuff.

JET Lending has a monthly networking event at the Texans Grille in City Centre. That is by far has the largest turnout - 250+. 

As a Lender, I always ask for the Borrower to pay for the Appraisal up front to avoid situations such as this.

If the Wholesaler is also a Hard Money Lender also, my guess is that the friend did sign something that commits him to covering the cost. These guys are seasoned; they know what they are doing.

In addition, not that your friend would want to do business again with this particular Wholesaler, however, once you back out of a contract, more often than not they will not work with you again.

Best of luck!

@Lenna Groudan - Welcome to Bigger Pockets! This is a great platform to connect and learn! The one thing I appreciate the most about BP is the wealth of knowledge!

In conversations with previous Lifestyles Unlimited members, the message is consistent: you'll either blame LU because you did not succeed or you'll think you succeeded in spite of them.

If you learn better by having someone hold your hand, walk you through the process, help you identify properties, negotiate on your behalf, make warm introductions to other investors, I'd recommend LU. However, there is a substantial cost to be in the club.

If you prefer to do all of the work yourself, and prefer free, Bigger Pockets is he way to go.

It ultimately comes down to what works best for you.

The property looks clean. What do the numbers look like?

@JasonBible - Welcome to the club!

Friends,

The #1 rule to avoid in real estate is a “Get Rich Quick” mentality. That kind of wrong-headed thinking is fueled by self-appointed gurus who have infomercials and make it sound so easy to get rich in real estate. It's not easy. It's a good long-term investment. These gurus don't talk about all that hard work. You have to be smart, you have to be willing to work, and you have to understand your risk tolerance.

At City Bank Texas, our goal is simple – to help you achieve your goal. As the Vice President of Real Estate Lending, I pride myself on providing a peace of mind and making life easier by offering lending solutions custom tailored to meet my client’s investment real estate borrowing needs!

• Investment Real Estate
  • Acquisition & Refinance
    • Single Family, Multi-Family, Retail Shopping Center, Industrial, Office
    • Conventional loans for Owner & Non-Owner Occupied Commercial Real Estate
    • Attractive interest rates as low as 4.25%
    • Innovative loan options with Loan to Cost up to 80%
    • Flexible terms & affordable payments with long-term financing with payment schedules up to 25 years

I am here to be a resource for you, think of me as part of your team. If I can assist you in anyway, please let me know. Simply put, we win as a team!

Bill

@ChrisBounds - please add me to your distribution list. [email protected]

Following.