Dallas-Fort Worth Real Estate Investor Club

Investor Friendly Lender

  • 22 Mar 2018 11:55 PM
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    Message # 5993958
    VIC ALABAN

    Hello DFW members,

    My wife wanted to transfer to Dallas meanwhile I wanted to invest in Forth Worth. I started to study real estate investing January 2017, and by the time I was comfortable to invest, the prices of properties in Chicago have skyrocketed long before I got interested. It doesn't make sense to invest in the good neighborhoods of Chicago in 2018. Since most of our friends have migrated to Texas, I thought that it would be good to invest in Texas. This was confirmed when a big investor revealed that according to their market research Forth Worth  will be the next big thing. Furthermore, we always got sick in the cold winter months of Chicago. I believe that the first referral that you should ask in a new area is the lender that have performed well for the investors. Therefore if you will, can you give me the lender's company name or the person's name that have serve their investors well. 


    Thank You

    Cenddie "Vic" Alaban

    Chicago Cashflow Mastery Program  Student
  • 23 Mar 2018 5:43 AM
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    Reply # 5994098 on 5993958
    Robin Carriger (Administrator)

    Hi Vic,

    Welcome to DFW REI Club!  I recommend you give Andrew Postell a call at 817-873-0621.  Please let him know I referred you when you call.

    Thanks,

    Robin
  • 23 Mar 2018 9:15 AM
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    Reply # 5994422 on 5993958
    Taylor Weakley

    Vic,

    My name is Taylor Weakley, I am a Hard Money Lender and Sponsor of the DFW REI Club. I work in partnership with my father, Terry Weakley, who has been in the business over 35 years here in the DFW Metroplex. If you would like to discuss our loan program please feel free to give me a call anytime to talk about the details.

    Taylor Weakley

    817-939-9436 cell

    taylorweakley@yahoo.com
  • 23 Mar 2018 9:45 AM
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    Reply # 5994493 on 5993958
    Neil Aggarwal

    Vic:

    It might help us to know what you are going to do in order to best make recommendations for you.

    Are you planning to fix and flip or buy and hold?
    Are you planning to buy ready to go properties or fixers?

    Thanks,
      Neil Aggarwal
      Property Financing, LLC
  • 23 Mar 2018 10:54 AM
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    Reply # 5994590 on 5993958
    VIC ALABAN

    Hi Robin, 

    Thank you for the welcome and thank you for your recommendation. I will definitely call him today.
  • 23 Mar 2018 11:01 AM
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    Reply # 5994597 on 5993958
    VIC ALABAN

    Hi Taylor,

    I'm sure I would need hard money, thank you for your offer. I will call you when everything is in place, right now I need to pair with a conventional lender. We're still in the beginning of the initial phase of transfer. 
  • 23 Mar 2018 11:13 AM
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    Reply # 5994623 on 5993958
    VIC ALABAN

    Hi Neil,

    Good Suggestion

    My plan is to Fix and Flip and Hold Rental Properties. I would prefer Multi family unit that needs fixing. Andrew Holmes, our Mastery teacher taught us the 2-5-7 and 2-1 strategy. 2-5-7 means acquire 5 properties in 2 years and fully paid by the 7th year. 2-1 means 2 flips then 1 rental cycles. I believe that this is viable with ranch SFR but I think not with Multifamilies. My strategy is like a hybrid, and I don't know what would be the strategy numbers for Multifamilies.
  • 27 Mar 2018 6:03 AM
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    Reply # 6001789 on 5993958
    Yolanda Columbus

    Hi Vic,

    If you are interested in multi-families, I'd love to help run the numbers.  I am interested in shifting from SFH to multi-family but not quite ready to make the switch.  At the moment, I'm learning as much as I can.

    I have a couple of spreadsheets that I use to look at deals.  On the weekends, I look for and analyze 1-2 properties. I find them in the typical places (i.e. LoopNet).  It would be great to work on an actual deal with a new multi-family investor. 

    Yolanda
  • 27 Mar 2018 9:19 AM
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    Reply # 6002034 on 5993958
    rockne ardoyno

    Andrew Postell with Gateway Mortgage! Honest. Professional. Thinks outside the box. 
  • 28 Mar 2018 9:42 AM
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    Reply # 6004170 on 5993958
    Philip M

    I would also suggest that you talk with Ryan at Noble Mortgage discuss your options. (214) 506-3843.

    They do hard money and conventional. With my last deal the numbers were good enough that I only had to bring a couple of hundred to closing. After the renovations were done and I made my last draw for the renovations we financed it into a 20yr conventional.
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