All Forum Posts by: Alex Bekeza

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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

@Jose Sanchez I know Long Beach might be a bit of a trek at that time of day but we host a monthly meetup in Woodland Hills every 2nd Tuesday of the month where you can come chat with the most reviewed team of mortgage brokers on Bigger Pockets (we all specialize in investor products like DSCR, hard money, etc). Here's a link to next month's meetup - https://www.biggerpockets.com/forums/521/topics/1185428-real...

However, this deal is obviously time sensitive so feel free to reach out anytime. 

Check out South City Saint Louis (Dutchtown area). 

Check out the highlights from April! - https://www.instagram.com/p/C6KFqlfykIB/?hl=en

Another successful Real Estate Investor Meetup at the April #realestateontherocks !

Our April guest speaker @sara.aviles.exprealty blew away the crowd walking us through all of the ins and outs of investing in properties with tenants on housing assistance such as Section 8. We all learned a ton from her ability to articulate her experiences of trial and error on the road to success.

I highly recommend you check out her book “Confessions of a Section 8 landlord” whether you’re an experienced S8 operator or someone just considering the space.

It was awesome to see all of our attendees add fuel to the fire by asking important situational questions and I felt like everyone took away some real gold nuggets to implement in their own investing careers.

I’d also recommend considering @sara.aviles.exprealty if you’re looking to buy or sell in the Los Angeles area specifically her niche areas of #calabasasrealestate #woodlandhillsrealestate #hiddenhillsrealesate #westhillsrealestate #maliburealestate #westlakevillagerealestate #bellcanyonrealestate

Join us May 14th for another amazing guest separate Edward Markaryan who will be doing a presentation on Tax Strategies for #shorttermrentals

RSVP @biggerpockets or here @investorpropertyloan ‘s website - https://investorpropertyloan.com/reor/

#brrrrstrategy #airbnb #biggerpockets #section8 #meetup #losangelesrealestate #realestateinvesting #realestate #outofstateinvestor #fixandflip

Check out this clip from April's meetup! - https://www.instagram.com/p/C6KFqlfykIB/?hl=en

@Richard Goore Yes, generally speaking, DSCR loans will require a full appraisal. (Form 1025 for a 4plex which includes sales comps + rent comps)

@Henry Lazerow I'd budget mid to high 7s for 75% cash out on a 4plex for the foreseeable future (remainder of the year)  My answer is in regards to DSCR loans only. 

@Richard Goore Well said, even if you have great DTI and could save a few bps w/ Fannie/Freddie, DSCR loans can certainly be the easy button. Aside from the easier qualifications you can also get higher LTV on a 4plex for "cash out" and vest title in a LLC if desired. DSCR loans also won't report to your credit as a tradeline.

On the more aggressive side of things you should be able to pull up to 80% of the recent purchase price right away, or, after 90 days of ownership you could get up to 75% of the new appraised value. (most banks want 6 or 12 months but some DSCR lenders can do 90 days)

@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