All Forum Posts by: Alex Bekeza

@Dmitriy Fomichenko is the ultimate resource for all 401k questions pertaining to real estate endeavors.  Any thoughts Mr. Fomichenko?

Get a conditional loan approval for your next purchase or refinance within 24 hours by following this link and completing our new borrower questionnaire.  It takes 5-10 minutes and gives us everything we need to structure a deal.  

https://forms.zohopublic.com/landbrothersrecom/for...

With over 80 lenders within our database. We can confidently offer custom tailored financing on SFR 1-4s, Multifamily 5 +, Mixed-Use, and Commercial properties.

No Tax Returns? No Problem.  We have asset based solutions for investors who have been turned down from the banks. 

We offer everything from 1-year interest-only fix and flip loans to 30-year, fully amortized mortgages for your rental properties.  

Feel free to send me any questions to [email protected]  

All the best,

Alex Bekeza @loans_by_alex

I agree with @Matt Shields that most real estate professionals value a referral or online review like gold.  Not only does it perhaps bring them future business but its also just a very motivating gesture.  

I'm sure you'll find the right deal out there in Ohio soon and both you and your realtor's hard work and due diligence will pay off big time!

Looks like a great investment property.  I imagine it would be easy to qualify the right borrower to purchase. 

For anyone reading this, feel free to reach out for more info on our competitive commercial financing options. No Tax Returns, No DTI, No DSCR. 75% LTV. 30 year terms, fully amortized.

All the best,

Alex Bekeza, @loans_by_alex

@Carl Pickens  While not considered "conventional" I've worked with lenders who will issue a commercial loan with comparable rates to cover both buildings on the same parcel or even two touching parcels.  Reach out if you need pricing structured.  

@Brian Garrett Can you name one lender you've spoken to who will do a commercial cash out refinance on a property with no seasoning requirement and fund an asset based loan based on "After repair value" immediately after purchase?  Even if its a small local lender in your area.  

I'd love to reach out to them to learn more.  Thanks

@Zion Bar

Like @Brian Garrett suggests, a commercial lender is a great option.  However, your refinance will most likely be based on the purchase price + renovations until you've hit the 12 month seasoning mark.  (Anyone who knows of a commercial lender with different criteria please let us know.) At that point, you could get the loan based off of the Appraised Value which is likely much higher than Purchase + Reno.  Best of luck and keep us posted if you find something different!

All the best,

Alex Bekeza, Loan Officer

Often times banks set a limit on how many mortgages a single person can take out.  That is one of many times commercial lenders come in handy.  As long as you have a good payment history on those mortgages we will allow you to take out more!  These programs are often referred to as "soft money".  As flexible, or more flexible underwriting standards than Hard Money but with rates closer to conventional loan products.  

Give me a call at 818.606.8823 or shoot me an email at [email protected]. I'm happy to analyze your next purchase or refinance. (We can cash out refi at 70-75% LTV)

For Mortgage Related Humor, News, and Market Trends 

follow me on Instagram @  www.instagram.com/loans_by_alex

All the best,

Alex Bekeza

@Bill B. Please do tell. I would love to create relationships with these lenders and help broker deals for all the awesome BRRRR strategists I meet here on BP. Have any specific banks, lenders or brokers to refer?

@Ratna E. While saving money, you'll want to also make sure you're building a relationship with a loan officer who understands your goals.  That way you'll have custom tailored financing lined up when you're ready to pull the trigger on the next property.