All Forum Posts by: Alex Bekeza

With rental properties, lenders typically want to evaluate the worthiness of the property first, borrower second.  That being said, on a cash out refinance, you're going to get the lower of 70-80% of the purchase price or appraised value.  Of course if you bought these cash a bank would love to see that you've added some value.  You'd have to make your own calculations on what improvements will actually go towards getting a higher appraisal and which are wasteful.  

Lenders are going to be less concerned with it being in a "C area" (if by that you mean the part of town with more crime and poverty) than they will be about whether or not its Cashflowing!  

Do not expect an easy time or ideal terms on a cash out refinance if the property is not occupied and cashflowing.  

There's a lot more that obviously goes into this but I hope this helps and feel free to reach out if you want me to take a closer look at your situation.  

All the best,

One of the most common problems investors attempting to employ the BRRRR method run into is not meeting the seasoning requirement to get into the best refi program.

I am now able to offer a great loan program for the purchase and renovation which will feed into a no seasoning required 30 year loan:

-1 year term

-Interest Only Payments

-Interest Rates between 8.5-8.9 (minimum 650 FICO)

-75% LTV

-Simple Documentation

-NO PREPAYMENT PENALTY

Borrowers using this program will be eligible to refinance into a specific long term loan WITH NO SEASONING REQUIREMENT:

-30 year term

-30 year amortization with rates fixed for either the first 3 or first 8 years

-Cash Out up to 75% LTV

-Interest Rates Range from Low 7s to mid 9s (includes everything from residential, multi family, to commercial)

-No Lender Origination Fees other than broker fees

-Loans based on property value not borrower income

-Prepay 3,3,3 or 3,3,3,3,3 

Before you're next flip or if it is time to refi now reach out to me via email at [email protected] to get more details and discuss specific situations.

You can also learn more about us at www.landbrothersre.com

All the best,

@Jane Smith

70%-75% LTV is pretty typical for an investment property refinance

How much equity do you have?

@Matthew Dennehy  

I've been having a lot of success with one program which offers 30 year terms which are fixed for either the first 3 or 8 years. (3,3,3 and 3,3,3,3 prepay) They actually require that the title be held in an LLC but the Max LTV is 75%. Interest rates range from 7.25% to 9%

Another great thing about this program is that the loans are based on the value of the property rather than the borrowers income.

If you ever have a property you'd like me to run the numbers on don't hesitate to reach out.

[email protected]

All the best,

We specialize in helping commercial property owners avoid their balloon payments and refinance into better rates and terms.  We've helped many business owners and investors unlock the equity in their investments and take cash out for business and reinvestment purposes.  

-Great for qualifying W-2 and self employed investors

-Flexible Underwriting

-Based on property value, not personal income

-Best alternative to hard money loans

-Available as a 3-year fixed or 8-year fixed loan, each amortized over 30 years

-Rates range 7.5-9.75

If you'd like to get a conditional loan approval, I can typically generate one within 24 hours if I'm able to get all the necessary information quickly.

Shoot me an email at [email protected] and feel free to check out our website and reviews at www.landbrothersre.com

All the best, 

Alex Bekeza

@Leanna Green, Yes mam!  If you want me to analyze a specific situation for you and see what rates and terms I have availible shoot me an email at [email protected]

@Ania Knapinska, I know I'm a little late to the party here but I'd like to dive into this for you if you're still shopping the deal as well.  Rather than hopping into a balloon loan situation I'd like to check out what our 30 year amort options are and get you the highest cash out we can.  Feel free to email me at [email protected]

Are you facing a balloon payment soon? Or stuck in a high interest rate loan on your investment property?

We're offering great options for Cash Out or Rate/Term Refinances on commercial properties.

-30 Year Terms with a fixed rate for 3 or 8 years

-NO DCR Requirements!

-650 Minimum Fico

-Interest Rates Range from 7.3-9.8%

-1-4 Residential, Multifamily, Commercial, Mixed Use ALL OK

-Simple Doc Income Verification

-Flexible Underwriting

Let us help you leverage your investments to serve their highest purpose.

Alex Bekeza

NMLS: 1711070

CalBRE: 02060751

Cell: 818 606 8823

Land Brothers Mortgage and Realty

[email protected]

100% What does every Real Estate Agent act like they want you do before you ever dare to call them? Get a pre approval.  Nowadays, at least most first time homebuyers are simply googling how the process works.  They will likely go straight to a Loan Officer at a bank or to a reputable Brokers website before ever contacting an agent.  

I just read an interesting article about the "Opportunity Zones Program".  I'm interested to see if anyone here on BP is already engaged with it and what there experience has been so far as well as their goals and expectations.

Established by the Tax Cut and Jobs Act, the Opportunity Zone program aims to give investors an incentive to put money into an Opportunity Fund that then invests in low-income neighborhoods, according to the census, as designated by the governor of each state. In exchange, part of an investor's investment in the Opportunity Fund would be forgiven with the rest subject to a tax that varies depending on the length of the investment.

The Opportunity Zones tax incentive was included in the Tax Cuts and Jobs Act President Donald Trump signed into law in December. But the idea stems from a 2015 white paper from the Economic Innovation Group, a D.C.-based think tank that is now working closely with states to help implement the program.

Is anyone participating in this program yet?

How is it going and what are your expectations and goals???