All Forum Posts by: Adam Bartling

@La'Terrius Campbell I would not worry about what loan is used or what A Lender Calls their Loan Program... That is just marketing.  Make sure your deal hits your requirements and contact a lender that can handle all asset classes and loan types.  Cool!!!

The formula for Cap Rate is equal to Net Operating Income (NOI) divided by the current market value of the asset. Where: Net operating income is the annual income generated by the property after deducting all expenses that are incurred from operations including managing the property and paying taxes.

@Rhondalette W. The NOI & % that you need is up to you, but if you are not getting 8% after all expenses, I would pass on the deal. Because there is always unknowns and there is always another deal

@Mo Green You need to call the company asking if they are employed.  Our underwriters do it 

@Ty Suggs Appreciate your service also. If you have desire to to lend in commercial I would like to talk to you. I also happen to work for an All Veteran Branch, and once you get your National Lic.  I can get you in touch with the Branch Mgr.

@Taylor Cain Howdy, I am nearby and can help answer your questions also.

@Lauren Ruppert we do have options for 15% DP on a DSCR, but you need not compare the rates to the 20-30%DP, it will be higher since more risk is on the lender. This will be in a MSA 50,000+ Can you send me specifics to your deal.

 @Sophia Berry In construction underwriting must always verify the builder's credentials, etc. Conventional, VA Construction loans typically take 30-45 days to close(obviously delays with clients and builders getting required info can delay), I see the same on the PVT $ side. Are you seeing something different?

@Sophia Berry We can do both new construction loan for Investor or Owner Occupied home in GA!!  Not sure why you want to spend thousands extra closing on 2 loans, when there is a way to do it with 1 loan.  But that is why you are here, you knew we needed to meet. 

Seasoning is required except for these instances: 

1) Got a FixnFlip loan now you want to keep the property

2) Paid cash for home, now accessing equity

3) PVT/HML that do short term loans, just want to get paid back fast.

DSCR lenders on the other hand ( rental property loans) they can have up to 5 years with prepayment penalties. They want Interest

What other questions do you have?

@jacob you have to look at your $$$$ needs. We can not see your financials nor do we know if the house is going to make a good rental ( mortgage to rent price).  Obviously you are doing well financially since you can buy a 2nd home.  I would also evaluate, what if you sold your home and started passively investing??  I am 42 and I am not looking to manage the property, I rather let my $ work. 

 All depends on your goals, did you talk to your loan officer? or is he/she only doing home loans?

@Stephani Arredondo I am right down the road.  But I do not think anyone asked you what you want to do???

Do you want to make Realtor your job?  Do you see yourself listing and selling properties as a part time of full time job?

FYI many of the investors here have w2 jobs and do not see being an realtor.  I know many Realtors who have flipped over 50 homes, or own 10+ rentals

Why did others not also mention, that is you are a Realtor, many times you are going to have deals come to you!

All depends on what you want to do.

The major schools are all regulated, either one is fine, just figure out if you want self study or you want to have an online or in person class.

If you need recommendations about a broker, let's set up a call to learn more about your goals