Real Estate Funding
@Codie_Fisher
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Full time RVer - Part time golfer ππ»- Helping real estate investors grow their portfolios at Truly Investor Capital ππ»
Joined October 2019
First time seeing one in the wild Iβm both incredibly shocked and also not shocked at all that he puts his name on the buildings
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Keeping a bio/resume on your previous real estate experience is really important as you move through your RE career Keeping an up to date spreadsheet of your past projects shows a lender that you are prepared to handle more
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Are there any private lenders on here that have loans on their books that they would like to offload? Send me a DM. Iβd be happy to chat to discuss details.
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Have you been to Austin? The amount of construction going on is staggering. Would be shocked to see it slow down, much less go in the other direction.
What are the Top 5 places residential real estate will have the most significant correction? My list, in no particular order: 1. Coastal Florida 2. Austin, TX 3. Palm Springs 4. San Francisco 5. Phoenix What's your list, and why?
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Keeping a bio/resume on your previous real estate experience is really important as you move through your RE career Keeping an up to date spreadsheet of your past projects shows a lender that you are prepared to handle more
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Any General Contractors out there who have interest in doing their own build to sell projects? We can accept home builder experience in lieu of investor experience, in some cases. DM me, if interested!
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Who is currently trying to buy their first rental property?ππ»
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If I havenβt connected with you yet, hereβs a little about me: -My family and I have been full time RVers for 3.5 years now -I am passionate about golf ππ»& got to take a trip to Scotland π΄σ §σ ’σ ³σ £σ ΄σ Ώ last summer & want to go back soon! -I help real estate investors finance their flips &
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Big real estate funding misconception: all loans made in your entity are non recourse loans. This isnβt true Almost all 1-4 residential loans are full recourse, even if it's a commercial loan. Even on 5+, most apartments in the 5-20 unit range are full recourse as well Larger
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If you have the entrepreneurial itch but not sure if youβre a full blown entrepreneur, rental properties can be a great investment for you There are a lot of moving parts in running a business. A lot of hats that you have to wear. A lot of things that you have to be good or at
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If you have a larger rehab, it is really important that you paint a picture for your appraiser as to the improvements that you are going to make to the property A detailed scope of work and meeting them at the property to go over it is important Otherwise you are leaving it up
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What is 1 aspect of investing in real estate that you really dislike? I'll start: I do not like managing rehabs. At all. I would like to give new construction a shot, to see if I like that more. I have it as a goal for later this year!
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Almost every deal is an absolute battle Very few go smooth. Just keep pushing them forward a little bit each day.
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In what ways did you have to get creative to get your first real estate deal done?
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One of my big goals for 2024 is to help 20 people open their own commercial lending brokerage Top 3 candidates are: -High volume operators, who already have a RE biz, PM & construction co and would like to add a lending brokerage -Private lenders looking to add a refinance
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Big real estate funding misconception: That a commercial loan pertains to commercial properties. Meaning warehouses, strip malls, office or retail, etc In reality, a commercial loan is just made to an entity versus an individual Residential properties such as single family
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What have you found to be the most underrated aspect of being a real estate investor?
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