All Forum Posts by: Yadira Gutierrez

@Max Matrin I find your idea very interesting. I am starting in REI but I have an open mind for projects "out of the ordinary". Having said that I am not the person that can help you with the financing. However, I would consider some minor involvement if other seasoned people in the field would consider this venture profitable. Would you provide a brief overview of what you are trying to do? Whats the scale of the project? Timeline? Projected ROI?

Who knows maybe with  some additional info you can get one of our experienced REIs interested...

Best of luck!

Yadira

@Brie Schmidt

@Jay Hinrichs

Thanks so much for the info, it makes sense!! 

Anybody want to contribute with a breakdown of the process on any $$ scenario? Just so I have an idea of how would work with real numbers?

Cant wait!

Yadira

Hello BP Investors!

I have been researching for hours and I still cannot figure out if I need to bring money to the table through Hard Money Lending.

If I understand correctly, I could get around 70% of the ARV (depending on company). Lets pretend that with that 70% I can buy and repair the property.

Do I need a down payment? Collateral?

How do I pay for the "points"? Upfront or are those points "roll over" and included on the loan?

Back to the initial question, any upfront money needed? Is there any scenario where I can borrow without any money out my pocket? 

I cant wait for your responses, you guys rock!

Happy Investing...

Yadira

Hello,

No idea what happened to my post!!!

Yes, I am looking for banks in Florida, even better if Miami/Broward/Palm Beach.

I've read that small banks and cooperatives are better options for REI than mega banks; however, I haven't had any experience with the small ones.

I would like to approach lenders recommended by other investors. 

Any recommendations are deeply appreciated.

Yadira

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@Brandon Turner Excellent advice as usual!  It was certainly intimidating but now I know better. Pic is coming SOON! You can bet I will keep hustling until I make it, failure is not an option...

@Jeff Rabinowitz

@Matt R.

@David Dey

Thanks so much for providing specifics and details and for sharing your ideas. I will implement each one of them to see what works best for me and my market! You guys go above and beyond; good things happen to noble people.

I will share my next experience, if not for anything else, so you can have a good laugh on me :)

@Daria B. I can t wait to hear your impressions when you get back. Ask tons of questions!

@Anthony Benjamin I will keep in touch... awesome to have eyes on the ground! I will be asking many questions :)

Correction to post:

...who's going to take me seriously if I can NOT provide a possible contact with something as basic as a business card? 

Jake,

Thanks so much for the kind works, encouragement, and advice. Truly appreciated. I am planning on attending another one in a  couple of weeks so I am hoping for the best.

Yadira

Hello REI Community,

I am originally from PR and I am always looking for REI opportunities there because of nostalgia and maybe retirement. However, I don't have a clue if investing there would be a wise move. Thoughts?

I am currently presented with an opportunity of a distressed property there, having auction on December. Should I?

Thanks bunches!

Yadira