All Forum Posts by: Zach Berry

Hey Richard - I'm adverse to just about any organization charging significant up-front fees to lock in commitment. It never sits right with me. I'd say a $1500-2000 "doc fee" is standard for retail hard money, but broker/wholesale doc fees are typically less so the broker can charge their own if necessary. That doc fee is paid at closing though, along with all other cash the borrower is putting down, so charging that up-front prior to origination seems aggressive. 

Jason - really love your heart here when approaching these folks. Sometimes there's a tradeoff for maximizing rents vs. keeping great existing tenants at a discount. The question I typically ask myself (after asking WWJD) is "is it worth the sanity/trouble to replace the tenants?" 

I'd need to know more about the situation, but cashflow, albeit important, is only one aspect of rental real estate investing. You're likely still getting your appreciation and tax writeoff here. Good luck!

Ryan - hope your weekend was nice. I'm a lender-partner for the majority of the bigger wholesalers in PGH. Happy to make an introduction for you if it's meaningful. Feel free to give me a shout!

Stephen - happy Friday. I work with a few major mentorship groups out of SC that do a similar style of investing. Happy to explore a fit. Feel free to give me a shout!

Hey Tim - sounds like you've retired from an interesting career. I work with a few major wholesalers and lend to a few big flippers in NE Ohio. Feel free to give me a shout if you think it makes sense to connect. Good luck, brother!

Hey Silvio - hope all is well! I work with a few major wholesalers in NE Ohio that could be beneficial when sourcing off-market deals over there. I also lend to a few big flippers here too; feel free to give me a shout if I can be helpful for you guys! Good luck!

Phil - congrats and welcome! Give me a shout if I can be helpful in any way.

Shane - hope your week has been great! My company partially specializes in STR DSCR loans, given we can use AirDNA projections as income, as well as a few other levers that make us regularly more successful with these. If you think there's some alignment there, happy to sit down together - I have a lot of folks in SC market!

Eric—sounds like you've put in serious work and just need the right lender to step in. I can technically do rate/term refinances up to 85% LTV as well as use STR AirDNA income projections on a DSCR loan, which sounds like there may be some alignment with what you're trying to do. I'm happy to chat and see if we can help you get it wrapped up before that June deadline. LMK!

Matthew - I'm local to Pittsburgh and see a lot of portfolio deals like this. It's a solid scenario. Feel free to give me a shout if you'd like to take a swing at this together!