All Forum Posts by: Alex Bekeza

@Amir Khan  Could be great but depends on your exact plan.  Make sure you fully understand the details of that program's Pre Payment Penalty.  It probably only affects the first few years but you'll want to make sure you won't need to sell or refi before that period is over.  

@Michael Darten You can absolutely use cash out proceeds to buy more properties.  One thing to keep in mind though is that many lenders have "seasoning requirements".  

This means that they will not cash out refi a property based on the appraised value until you've owned it for a certain amount of time.  (usually 12 months).  Often you can get a refi sooner than that but it will be based off of the lower of the appraised value or the purchase price.  This becomes a short term road block for those who have added value very quickly or purchased way under market value.  

Feel free to reach out anytime.

All the best,

Alex Bekeza @loans_by_alex

@Frankie Clark

You should also cruise through this thread we had going a few weeks ago.  

https://www.biggerpockets.com/forums/80/topics/585...

Tons of bigger pockets members chimed in with great apps for RE investors including property management tools.  

@Arsen Atanasovski Absolutely, I'll connect via email with you shortly.  

Many self employed professionals have a hard time getting conventional financing because their write offs/tax returns won't pass underwriting standards. That's why I've made it my focus to broker deals to investors who would benefit from commercial or "soft money" lending. We can offer rates in between conventional and hard money which won't require tax returns and have no personal Debt-to-Income requirements. The loans are based on the value of the property itself. Here are some of the other details:

-30 year terms, fully amortized

-Rates between mid 5% - mid 9% (depending on State, Credit, Property Type, Adjustments, ETC)

-Rates fixed for the first 3, 7, or 8 year

-70-75% LTV

This program is eligible for purchases, cash out refis, and rate & term refis.

Feel free to reach out to learn more about specific pricing for your scenario.

All the best,

Alex Bekeza

818.606.8823

www.instagram.com/loans_by_alex

Many self employed professionals have a hard time getting conventional financing because their write offs/tax returns won't pass underwriting standards.  That's why I've made it my focus to broker deals to investors who would benefit from commercial or "soft money" lending.  We can offer rates in between conventional and hard money which won't require tax returns and have no personal Debt-to-Income requirements.  The loans are based on the value of the property itself.  Here are some of the other details:

-30 year terms, fully amortized

-Rates between mid 5% - mid 9% (depending on State, Credit, Property Type, Adjustments, ETC)

-Rates fixed for the first 3, 7, or 8 year

-70-75% LTV

This program is eligible for purchases, cash out refis, and rate & term refis.

Feel free to reach out to learn more about specific pricing for your scenario.  

All the best,

Alex Bekeza

818.606.8823

www.instagram.com/loans_by_alex

@Matt B.Commercial lenders will have better terms than Hard Money in general but they will most likely want to see the property stabilized and at least 70% occupied.  Whats the occupancy look like on the property you say has significant damage?

Some commercial lenders even have "ARV programs" to compete with HMLs now that will fund some renovation too.

Many great asset based/commercial programs exist to serve self employed investors.  I've sent you a private message with some more details.  

The last event was awesome!  Great speakers and excellent turn out!  Looking forward to this one. 

I came across this article about an agent who used this huge T Rex to help market this home.  Call it a gimmick if you want but she got 45 showings was under contract in 2 days!

I'm interested to see what other creative, outside-the-box methods the BP community has used in the past to market their properties to attract tenants or buyers.   

Please share!

http://foxnews.com/real-estate/2018/07/18/real-est...