Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

17
Posts
7
Votes
Bryce Axelrad
  • Lender
  • Houston, TX
7
Votes |
17
Posts

Refi lending options in Houston, Tx? Co-Signer or no?

Bryce Axelrad
  • Lender
  • Houston, TX
Posted

Hello BP this is my first post! 

I recently all-cash purchased a home in Pasadena,TX. This is my first purchase and I do not have a good W2. I am looking for a good fixed rate option for a loan. I have heard this can be done off of cash flow or assets. I am not sure if this helps but the PP was 80k and with 15k reno it should appraise around 140-155k. Rents in that area for the sqft go at 1300$. With expenses but without a loan it has a 10% cap rate.  

I purchased with private credit I am looking to do a refi to pay back the private line. I am finding it difficult to do a conventional 30 year fix rate without a good W2 so I am looking a private lending options. Also, I have the option of getting a co-signer but I am wondering if that will hurt my portfolio's credentials in terms of banks in the future? At worse case I can flip this property for cash but I really want to start building my portfolio. I greatly appreciate any advice! 

-Bryce

Loading replies...