All Forum Posts by: Alex Bekeza

@Floria Ayivi

@Ko Kashiwagi @Franklin Hanson @Givo Aghasi 

RSVP for the February 13th, 2024 Meetup Here! - https://investorpropertyloan.com/reor/

Our 1st 5 meetups have been a blast and we look forward to seeing this community snowball! - Here are a few clips from previous meetups

In the near future we will start incorporating guest speakers from within the group but this is a casual real estate networking event, no pitch, no sales, no gimmicks, just a great place to break bread at a cocktail hour with like minded people on similar missions. Come connect with other investors (buying both locally and out of state), agents, wholesalers, contractors, and of course the most highly reviewed team of lenders on BP.

Come join us to share your 2024 Real Estate Goals and meet people that can help you achieve them!

We'll have part of the interior and a patio reserved over at Pit Fire Pizza in the Village in Woodland Hills!

@Shyd Coloma @Matt Simpson @Jeffrey Isenberg @Jason Carter @Phillip White @Taylor Nevares @Kimi Proffer @Tony Clark @Rodrigo Orellana

@Edward Bardavid @Destin E. Thomas @Brittney McIntire @Brandon Beardt @Jonathan Taylor @David Bilandzija @Angela Martinez

@Domenick Booker-Pomata @Isaias Na @Oliver Betuel @Atanas Angeles @Sara Aviles

@Ashley McCrady  I think having some boots on the ground/market familiarity is hard to put a price tag on.  I invest in STL (South City) from California and I'm jealous that I'm not playing on "home court".  As you know, STL can be very, very block by block so having a feel for the area is huge.  Rent to price ratios and rental demand in STL are strong.  The only con I've found is the age of construction in most of the city.  Most deals that pencil are on buildings around 100 years old.  You just have to make sure you account for that type of capex issue in your underwriting. 

I fund BRRRR deals for investors all over the country though and Cincinnati and Birmingham are certainly on the list of usual suspects in terms of being top 10 BRRRR markets.

See what our Bigger Pockets clients are saying -- > Bigger Pockets Reviews
See what others are saying on Google Reviews & Yelp Reviews

How to request free quotes:

• 12, 18, or 24 Month Purchase & Rehab Scenarios - Purchase & Rehab Inquiry
  
• 30 Year Fixed DSCR Scenarios - DSCR Loan Quote Request
  

For Purchase + Rehab

• 12, 18, or 24 Month Term Options
  
• NO Prepayment Penalty (*ask about our 90 day seasoning products for 75% cash out on BRRRRs*)
  
• Up to 90% of purchase price + 100% of rehab (not to exceed 75% ARV) *some zip codes are capped at lower ARVs based on risk profile*
  
• Interest Only Payments (interest is only paid on drawn balance)
  
• Rates in the 10%/11% range
  
• Minimum 680 FICO
  
• LLC Required
  
• 1st Time Investors Ok at reduced leverage (if they own primary residence)
  
• Loan Amounts from $100,000-$2,000,000 (larger loan amounts available at reduced LTC/ARV)
  
• 1-4 Unit Residential Properties Only
  

For DSCR Based Financing

• 30 Year Fixed
  
• Cash Out your BRRRR as early as 90 days of title seasoning (unaffected by recent Fannie/Freddie guideline changes!)
  
• Up to 75% LTV for Cash Out
  
• Up to 80% LTV for Purchases
  
• Minimum 680 FICO
  
• LLC Vesting Required
  
• No Cap on the # of Rental Properties Owned
  
• No DTI Requirements! (no tax returns or proof of personal income)
  
• Qualify based on DSCR/FICO
  
• Loans from $75,000-$2,000,000
  
• 1-4 Unit Properties

@Jordan Fair It has nothing to do with any "laws", only the different risk appetites of individual lenders and their guidelines. Most banks today want 6 or even 12 months before they'll do cash out using new appraised value and the reason we do so many refis for BRRRR investors is because we only need 3 months to do it. Very few deals are completely renovated, value forced, and leased prior to about that time anyway so it seems to work pretty well.

Do you have a deal that you're mid reno on right now or is this just for future reference? 

@Rick Albert We can do DSCR w/o a LLC but pricing is just much better if using one right now. I see you're in LA too, we're in Encino.

@Jessica Grace Owuriedu Rates will get cooked pretty high with 0% origination/points (it's always a trade off) so I'm not sure what you're using to hit that 1.2 DSCR and MOST 80% R/T options will need a minimum 700 FICO (of course, there's always exceptions out there). Is there anyone else on title with you who would come in above 700? March 2023 was nearly a year ago so do you think some better comps have sold since then to make 75% LTV work?

See what our Bigger Pockets clients are saying -- > Bigger Pockets Reviews
See what others are saying on Google Reviews & Yelp Reviews

How to request free quotes:

• 12, 18, or 24 Month Purchase & Rehab Scenarios - Purchase & Rehab Inquiry
  
• 30 Year Fixed DSCR Scenarios - DSCR Loan Quote Request
  

For Purchase + Rehab

• 12, 18, or 24 Month Term Options
  
• NO Prepayment Penalty (*ask about our 90 day seasoning products for 75% cash out on BRRRRs*)
  
• Up to 90% of purchase price + 100% of rehab (not to exceed 75% ARV) *some zip codes are capped at lower ARVs based on risk profile*
  
• Interest Only Payments (interest is only paid on drawn balance)
  
• Rates in the 10%/11% range
  
• Minimum 680 FICO
  
• LLC Required
  
• 1st Time Investors Ok at reduced leverage (if they own primary residence)
  
• Loan Amounts from $100,000-$2,000,000 (larger loan amounts available at reduced LTC/ARV)
  
• 1-4 Unit Residential Properties Only
  

For DSCR Based Financing

• 30 Year Fixed
  
• Cash Out your BRRRR as early as 90 days of title seasoning (unaffected by recent Fannie/Freddie guideline changes!)
  
• Up to 75% LTV for Cash Out
  
• Up to 80% LTV for Purchases
  
• Minimum 680 FICO
  
• LLC Vesting Required
  
• No Cap on the # of Rental Properties Owned
  
• No DTI Requirements! (no tax returns or proof of personal income)
  
• Qualify based on DSCR/FICO
  
• Loans from $75,000-$2,000,000
  
• 1-4 Unit Properties