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All Forum Posts by: Aaron Barfield

Aaron Barfield has started 3 posts and replied 11 times.

Classifieds

Post: Off Market Triplex

Aaron BarfieldPosted
  • Posts 12
  • Votes 3

I'm currently selling my triplex in the Fort Lauderdale area. Each unit consists of 2 bed/ 1.5 baths. Feel free to contact for details.

1 Vote
Fort Lauderdale, Florida
Classifieds

Post: Seeking Private Lender

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Devin Peterson:
Quote from @Aaron Barfield:

Are there any private lenders available? I am seeking $150,000 to finish a renovation project and will sell the property as an exit strategy. I'm hoping to find a loan that's not based on personal credit or income. Thanks


 Do you have someone that you can partner with to credit qualify? Why cant you use your own credit?

Yes, I have a partner. 
0 Votes
Fort Lauderdale, Florida
Classifieds

Post: Seeking Private Lender

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Christopher Grobaker:

Hey Aaron - I can get past the no income portion but the credit might need to be renegotiated. Feel free to reach out to talk we'll fund 100% of the rehab

What are your terms? What's the minimum credit score required for consideration? The property will be sold in a few months after the renovations.
0 Votes
Fort Lauderdale, Florida
Classifieds

Post: Seeking Private Lender

Aaron BarfieldPosted
  • Posts 12
  • Votes 3

Are there any private lenders available? I am seeking $150,000 to finish a renovation project and will sell the property as an exit strategy. I'm hoping to find a loan that's not based on personal credit or income. Thanks

0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Kristen L Garner:

Hi Aaron! Yes there are hard money short term, interest only loans in which your credit/income are not a qualifying factor.  They are typically 6,12,18, or 24 month terms. Is your property in FL? 


 Which company?

0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Weston O'Dell:

Hey Aaron, sounds like you are looking for a refi/rehab loan. Generally we structure these as 12 month interest only loans that consist of an initial advance and rehab holdback funded. Personal income/employment will not be underwritten as we are looking at cost to date and ARV. Let me know if you have any questions as I'd be happy to answer.

I will like to learn more. 
0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Scott E.:

Google "hard money lender near me"

You'll probably find a dozen who offer this type of product.


 I did, but they said that I didn't qualify.

0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3
Quote from @Scott E.:

Google "hard money lender near me"

You'll probably find a dozen who offer this type of product.


0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3

I will be interested in applying. I am seeking a 6 month loan to finish my renovation, obtain new tenants, and then cash out refinance on my multi-family to repay loan. Is there a website? I have spoken to many lenders who all had a caveat.

0 Votes
Fort Lauderdale, Florida
Managing Your Property

Post: Renovating Investment Property

Aaron BarfieldPosted
  • Posts 12
  • Votes 3

I have searched and didn't see any that would be able to assist me.

0 Votes
Fort Lauderdale, Florida