All Forum Posts by: Amy Zuniga

@Amy Zuniga it's not that NO ONE will lend...it's just that only CERTIAN ones will lend.  I didn't know this stuff when I first started either.  I went to 2 lenders, they both told me "no" and I just thought that all lenders were the same and never went searching any further.  And that's not the case at all.  Read this post HERE on how to find investor friendly lenders and see if that gets you back on track.

Damein,

You can use an investment rental portfolio program, Freddie Mac or a DCSR cash out refinance program. All you have to do is just pick the best product based on the loan amount, credit score, and property type. Its always best to run pricing for all of the options to see which one has the better rates, terms and highest LTV.

Best thing to do is just have a quick conversation with a Banker/loan officer to get the pre-approval.

 If it is on a blanket loan, You can go down to a 50k minimum per property. It will be expensive though.

You can refinance up to 75% of the appraised value on a DSCR loan, and you can close in an LLC

@Amy Zuniga

Whether it’s owned or not in a LLc should not make much of a difference. If you own it outright it’s not a refinance - if there was no debt ever on it typically do not need to wait. But speak to lenders to confirm as every lender has different requirements