All Forum Posts by: Andrew Zamboroski

I came across this "PML" via facebook and everything was going great until it came down to the day. I was maybe getting the property under contract. He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.

Hi, I'm researching financing options for non-US citizens who wish to purchase multifamily investment properties - around 4 units to start with, for example. 

If you know of any lenders or if you are one of them, please feel free to reach out. I prefer public comments here before you send a direct message, though. 

I work outside of the US (Hong Kong), making slightly north of 100k per year, with scheduled salary bumps of approximately 4k per year. 

Thanks. 

As the title suggests, I am just starting to enter the REI world. My first deal looks like it will fall through because the bank doesn't like my work history. (4 months as a union electrician, which the bank considers contract work). I am wondering if any lenders or knowledgeable investors know how feasible it could be to get a DSCR loan as a first-time home buyer/investor. I am 21 with excellent credit and have enough/will have enough for the high down payment they require. I know and am prepared to do all the overhead work necessary to find a property that will qualify, but I just want to know if it is possible in my situation. If so (and even if not), I would love any recommendations to a loan officer in the metro Detroit area.

Thank you in advance,

Aaron Raffaelli

I have a home under our names. I want to cash out refinance and close it under our LLC as DSCR mortgage. Its being operated at STR from last 30 months with great cash flow. Please reach out if you are a lender or can connect me.

5 Bed 2 Full Bath & 2 Half Bath

Existing Mortgage ~$550,000

Home Value ~$1.1+ Mil

I'm curious on peoples go to approach to secure financing for an investment property - use a broker? start w local bank or CU ? or even a local brick and mortar bank?

Hi all,
I am newer to this website and community.

quick question for everyone. I have multiple properties and am thinking of just doing non qm loans moving forward. I don’t want the hassle of conventional lending. It only seems like 1.5% difference.

thoughts? 

P&L, Bank Statement, DSCR etc

Hello BP,

I recently found two lenders that offer 5% rate loans. I'm not sure if this is legit. Have you received this type of advertising as well? I found them on FB. I sent them a DM and they sent me the Terms which I will be sharing with you here. Is this a SCAM? 

Recently completed a cash-out refi and want to take that money and buy 2 additional properties (~$200k or less each).  Currently have 3 rentals and conventional lending has been my norm, but all the local lenders are predominantly 25% down.  Some have a 20% down, but the rate rises significantly.  Great credit scores and plenty of income from my W-2 source.  Are there decent 15% or 20% options out there for purchases in Alabama?

Just got an accepted offer on a quad. Seller won’t budge on price and it will be tight for cash flow. Is it smart to take out a 40 year loan to get some cash flow? 

I'm an American living and working overseas. My job has steady income, but no W2s and no pay stubs. I recently bought my first investment property with a conventional loan, but the lack of W2s and living overseas made it a bigger hassle. Are there any simpler loan options I should research as I start thinking about our next property?