All Forum Posts by: Amber Seel

We have a SFH that we are currently renting as two one-bedroom units. The property has zero debt on it and most recent appraisal was for $187,000. We attempted to DSCR this property to pull out equity but were told by the lender (and two other lenders) that DSCR would not be possible given that the home is not appropriately zoned for how we are renting it. Is there any other way for us to pull equity out of this property without selling it?

We have a verbal commitment on an off-market property in Ohio and need a purchase agreement drafted.  Can anyone provide a referral to an attorney to assist with this? We have two other investment properties that were purchased on market, this is our first off market deal. Any suggestions for navigating would be helpful! Thank you in advance!

 Can you clarify? Are you recommending we contact a realtor or another investor to review the deal? We have two other investment properties that were purchased on market but this would be our first off market deal. 

Can anyone provide insight in the process for purchasing an off market deal? My understanding is that you write letter with good faith offer, after that is accepted, you contact a lawyer to draft a purchase agreement and then title company for closing. Is this correct?

Hello!

We have two investment properties(one duplex, one single family) that have no mortgages (we purchased using HELOC on our primary residence). We're looking to pull equity out of these properties.. Can anyone recommend lenders they have worked with to make this happen?