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All Forum Posts by: Alex Bekeza

Alex Bekeza has started 681 posts and replied 2122 times.

Post: Real Estate Investor & House Hacker Meetup

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

Post: Fix & Flip Los Angeles w/ The Most Reviewed Lender on Bigger Pockets - ENCINO

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

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:

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-$5,000,000 
  • 1-4 Unit Residential Properties Only

We also host a monthly Real Estate Investor Meetup in Woodland Hills! - https://www.biggerpockets.com/forums/521/topics/1159539-real...

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Westlake Village
Whittier

Post: DSCR & Hard Money w/ Bigger Pocket's Most Reviewed Lender - BRRRR + Flip + Turnkey

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

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:

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

Post: Real Estate On The Rocks (2024 Outlook) - Woodland Hills Real Estate Investor Meetup

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

Contact Me if anyone has any questions about this event! My cell phone is here in my signature. 

Post: Section8 in North and South Memphis?

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

@Mario Am Property Management will make or break these types of deals.  Do not attempt to self manage.  Work with a professional 3rd party PM who already manages dozens or hundreds of S8 units and is on a 1st name basis with the local case works/housing authority folks. You may even want to just call the S8 office directly and find out who their favorite PMs are. 

Post: Im looking for a DSCR loan to refi cash out 70% LTV

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

Make sure that you are very clear with the lenders that you speak with that these units are less than 700 square feet (at least that's what zillow says) before you get to far down the road or pay for an appraisal because that is by far the most challenging part of your request. Typical lender guidelines would state 500 minimum for attached units and 700 minimum for detached units. Any time I've ever successfully convinced a lender to agree to doing it on these types of homes it's on an exception basis only at reduced LTV w/ pricing adjustments assuming compensating factors are very strong (prevalence of comps of similar size, FICO, reserves, etc).

Post: DSCR & Hard Money in Dallas w/ Bigger Pocket's Most Reviewed Lender - BRRRR

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

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:

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

Post: DSCR & Hard Money in Philadelphia w/ Bigger Pocket's Most Reviewed Lender - BRRRR

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

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:

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

Post: BRRRR Insurance Specialists @ www.insuremybrrrr.com

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

Investor Property Loan is proud to partner with Obie Insurance as our preferred insurance partner!

Working with an insurance company who speaks "investment property" can you save you both time and money and certainly makes the mortgage approval process much easier! There's nothing worse than burning business days and spending time on hold working with insurance companies who do not focus, much less specialize in insurance policies designed for Real Estate Investors. Obie has made it incredibly easy to get a quote and they specialize in creating policies that meet the criteria of the nations biggest hard money and DSCR lenders. Check out their pricing here! - www.insuremybrrrr.com.

We recently funded deals in Pensacola, Melbourne, Jacksonville, and Cape Coral and in each case our clients dealt with insurance companies who would not bind in Florida right now. Obie was able to save the day in each case!

Post: DSCR Lenders lending to a LLC

Alex Bekeza
Lender
Posted
  • Lender
  • Los Angeles, CA
  • Posts 2,233
  • Votes 1,255

@John Jacobs Yes, your typical DSCR loan on a 1-4 unit property will be "full recourse". They'll allow LLC vesting and the use of LLC as borrower but will still require a guarantee from a warm body guarantor who owns at least 20% of the entity and use that persons credit score (mid FICO) to determine pricing and qualification. However, these loans typically do NOT report to your personal credit even when you're the guarantor.