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All Forum Posts by: Alex Gurvitz

Alex Gurvitz has started 0 posts and replied 39 times.

Post: Unable to get a home loan under LLC

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Hi Anderson. Let me know if we can help you with them very competitive and fast closing private bridge/rehab loan for one of your properties.

Post: Turning a primary residence into an airbnb.

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Yes there are. Feel free to give me a call, and I am happy to go over a few different loan options with you

Post: To handyman, or act as my own GC, or spend for the GC?

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

In my opinion, unless you can do all the work by yourself, itr is always better to use a licensed GC professional.

You would first have to rent out your existing property, before you can purchase a new one as your Primary Home residence. The banks will require proof.

Post: PLEASE HELP...being foreclosed on because property is upside down

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

A deed in lieu may be a good idea. I would suggest that you first discuss it with your attorney.

Best of luck to you!

Post: Looking for my 1st rental property

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Good idea Akash. We are here to help. Feel free to reach out to me with your deal scenario, and I will let you know right away if we can offer you a quick loan. Or I can always give you valuable advise as how to best structure your loan.

Post: Turning a primary residence into an airbnb.

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

If you inform your conventional lender that you are turning your primary into an Airbnb, they will most likely put your mortgage into technical default. 

Post: HELOC to buy investment cash. What are possible exit strategy?

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Taking out a HELOC against your primary residence only makes sense if your investment will yield enough profit to cover the carrying costs of the HELOC, Closing Costs and incidentals. So you have to do the math ahead of time... If you can buy an investment property, minus off all the costs, and then still profit at least 20% on top of you investment expenses/cc and incidentals (which should be counted at 10%+), then it makes logical business sense. Sometimes it makes sense to wait, especially if you will be paying off cheap money with expensive money...

Best of luck to you!

Post: My BRRR Deal! ;)

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Sounds like you got a great deal! Congrats!

Post: Short sale ppty

Alex GurvitzPosted
  • Lender
  • Brooklyn, NY
  • Posts 42
  • Votes 37

Sounds like a good deal! We just closed 3 deals last month in Houston. All 1-4 FAM Rehab Loans. And have another closing in Montrose scheduled for tomorrow morning. This is for a SFR refi that we funded 6 months ago as from a Rehab Deal; now refinancing with a Cash Out into 30 Year Term Loan for a repeat investor in Houston.