All Forum Posts by: Tarik Turner

Sounds like a full gut rehab job or tear down and rebuild with that size budget. 
If you have experience as a rehab investor, you should be able to get something done if not it might get a bit tricky for you. Shoot me a msg

Maybe look at a value add multi. Something where it needs some rehab work. You can typically get around 80% of the purchase and 100% of the rehab costs on these loans as a new investor 

When dealing with properties of a smaller value you might have to package them together in a blanket loan to meet certain DSCR lenders criteria.

Depends on the lender credit, type of loan but expect to land in or around that 8% range (I've also seen way higher these days)

Have you tried a delayed purchase? 
what are the numbers
the purchase price
rehab costs
ARV

Every lender has their own criteria but you can get something done after 3 months in some circumstances

As of 10/19/2022 I can say with a fair amount of confidence a 5% interest only loan on a refi of an investment property isn't happening. (unless you have an uncle willing to cut a check)
You might be able to get into the mid 6% range on a 30 year but that would probably be the lowest rate that you will find.
Best of luck tho, hope you are able to land something favorable for your situation

What is the ask here? Are you looking for a bridge loan option or equity partners?

Yes that is correct

Quote from @Philip Lewis:

Quote from @Tarik Turner:

Depending on the loan product
80% for rate term
75% for cash out
Credit and LTV are usually the drivers of the interest rate on these type of loans but typically you will land in the high 6% to high 7% range right now

With financing in the LLC?

Depending on the loan product
80% for rate term
75% for cash out
Credit and LTV are usually the drivers of the interest rate on these type of loans but typically you will land in the high 6% to high 7% range right now