All Forum Posts by: Andrew Zamboroski

Hello,

I purchased a home on acreage to flip however it was so eaten up by termites it had to be taken down to the slab. That’s where it became new construction. I use my own money to fund so I don’t have any relationships with lenders. I need $85k to finish the home with a market price in the $430k to $450k range. It’s a high end build  in an in demand area of SE Georgia near Brunswick.
I’m not sure what type of loan I’d need for this. Equity, new construction? It would be great to find a private lender to get it done quickly. This is easy money for the lender. 
Property is free and clear on acreage. 

Any advice? If you’re a lender that’s interested I’d love to hear from you. Thank you.

Please advise on this deal:

Off Market single family home: $399,000 

Where: Northern Michigan (2 miles from Boyne Mountain Ski Resort, 5 miles to beaches and tourist town)

Loan Type: conventional, fixed rate, 20% down, 30 year loan

Interest Rate: 8%

Monthly Payment: $2812.18

expenses:

Gas: $1200 ANNUAL

Electric: $1850 ANNUAL

Internet: $768 ANNUAL

Closing Costs: $7784.60

*This is an off market deal with no other offers currently. At $399,000 the numbers do not work. We are estimating we average $4,000/month on rentals. In our area we have around 50% occupancy. Highly sought after area (Boyne City, MI). This is a 3 bed/2bath cabin. It has a detached garage we could make into a game room. It also has another outbuilding we could add bunkbeds and a home gym. Am I severely downplaying what we make per month? 

Any advice on what my top offer should be on these terms would be very helpful. My confidence crashes when having to estimate that monthly income level. 

If you have any advice on how to confidently determine your monthly rental income please share. Thanks 

I bought this house with cash for $24,000. The ARV is a comfortable 200k. The rehab will be 40-45k. However I am needing cash to fix it up. I am self employed and try to not show much income. Is there any lender who can do a dscr loan for rehab? Or if you have any ideas I would love to hear it! Thanks in advance.

Over the past ten years, I have not taken on any debt, and all of my cars and things have been purchased for cash. About 3 years ago, I opened a credit card. That's the only debt I've taken on within a ten-year period. Hard money lenders that I've spoken with require 3 lines of credit with at least 12-month history each.

5 denials so far... Any ideas. 

I’ve noticed a lot of investors sharing wins and challenges around getting their deals funded, especially once they’re already under contract. Thought I’d open up a discussion to see how folks here are navigating that process.

If you've had a deal under contract recently — whether for a flip, rental, or BRRRR — how did you go about securing funding? Did you already have a lender lined up or did you start searching once the contract was signed?

Would love to hear what’s been working for others and if there are any lessons you’d share with someone trying to move quickly once they’ve got a signed deal.

Open to hearing all types of experiences. Just looking to learn and connect.

Hey BP! Were in the home stretch of executing a 1031x and securing a loan for our replacement property, an existing STR with a pretty existing DSCR (+1.2) that we have under contract.

We were just planning on doing a conventional 30yr fixed rate (looking like ~7%) through our existing broker and contacting a local (local to the STR) credit union to see what they can offer. My question is : should we be looking at alternative options? 20yr / 15yr term? DSCR loan? any other ideas?

Thanks in advance!

I recently purchased a property in cash and planned to use the brrr strategy. It needs about 45k in repairs. So far I've invested 20k. I have a large amount of cash in the bank for the repairs. However, I found a duplex deal that was too good to pass up, as it was priced about 100k+ under its true market value. I received conditional approval for a DSCR loan and got the duplex under contract. We are in the very early stages of the underwriting.

Now for the issue. I have enough cash in my bank account to cover the downpayment and closing costs etc. However, now I may need to put the cash property’s renovation on hold since my funds are now taken atm. I considered using my credit card to pay for the renovations and then the pay them off via the refinance. However, this would affect my credit by suddenly having 25k+ in usage on my cards, possibly affecting my loan for the duplex.

Is it better for me to just wait until the duplex closes to continue renovations on the other property? Or is there an alternative I’m not seeing? Closing on the duplex is the priority, as it was an incredible deal, so I just don’t want to jeopardize anything.

Hey BP community,

We've been scaling a rent-to-own single-family housing model across the Midwest and Southeast and have run into a wall with traditional DSCR lenders.

We've been working with small local banks and credit unions to finance deals, but as we grow, we're looking for more scalable lending partners. We've tried groups like Lima One and Kiavi, but they just don't work for our model — their DSCR underwriting is based on market rents, not actual lease terms, and STR want 12 month's of existing performance.

Here’s an example deal:

• Purchase Price: $400,000

• Lease Terms: 3-year lease at $4,000/month

• Market Rent: ~$2,500/month

Because DSCR lenders are using the lower market rent, we get capped on LTV and lose the leverage we need — even though our tenant-buyer is pre-approved, fully underwritten, and putting down 10%.

We operate two private real estate funds and close 2–4 single-family homes/month for pre-approved rent-to-own tenants. Each home is appraised, inspected, and fully underwritten with long-term lease commitments — and we’re looking for a strategic debt partner (bank, private lender, or broker) who can underwrite based on actual lease terms or use no-ratio underwriting.

Anyone have recommendations for lenders or brokers who specialize in no-ratio or flexible DSCR products?

I’d love to connect and happy to share more deal info if helpful.

Thanks in advance!

I currently own 3 properties throught the US, and was going to purchase my 4th one.

However, I'm starting to shift away from using my own money in order to grow and expand my real estate investment business.

Any recommendations? Banks vs private lenders? 

Any advise is appreciated.

Thank you!