All Forum Posts by: Andrew Zamboroski

Attempting to find a lender who would be willing to accept cross collateral in the form of a free and clear property to purchase a small multi family property that needs light rehab. Fix and flip loan or DSCR would work for my current needs and situation.

I and the properties are located in Florida of that makes any difference. 

Hi, my goal is to access the equity in the rental property. It's a duplex. It's paid off. I have it in a separate LLC. I would estimate it's value at 130-160k. I don't want a loan larger than 100k.

Most lenders have a minimum of 150k for their DSCR products. Any suggestions if i want to do a smaller amount? I'm in St Louis, MO. Thank you!

Hey guys, I’ve been building a portfolio for a few years of commercial and residential properties, it’s been goin great so far until I feel like I’m running out of cash to buy new ones, currently I’m flipping some properties one at a time to make money to buy more rentals, my problem is when I’m done rehabbing I feel like I want to keep them and rent them out! Everything I have is paid off! What’s the best way to pull my money out of them ? I wanna buy a big multi family project! 

Would like to improve cash flow on 5 SFR, thanks for help.

Any recommendations for a lender with good rates for construction loans? We are in the teardown rebuild and new ground up homebuilding sector.

Hello all,

I'm looking to buy a property from my SDIRA funds. I have to use a non-recourse lender for this transaction.  looking for a lender who deals with SDIRAs / non-recourse lending, any suggestions? 

Background context:

I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k). My broker is saying the broker fee is a standard $3000 amount bc the amount requested is under 100k and advised the minimum I am able to to pull out is $75k. The property is paid off, fully remodeled and has a tenant in place whose rent exceeds the monthly loan amount. I am attempting to refi under a DSCR loan proposed interest is 8.375%. Estimated closing cost is $7776.80 on a $75k washout refi. Does any of this sound valid?

Wanting to know if they have any DSCR lenders that will loan on a condo. I'm not purchasing both units just one of the two?

I have a condo I recently acquired that I own outright. I am wanting to pull cash out of it. My issue I am running into is I recently switched into real estate full time so I do not have a w2. My credit is good/excellent. I am wanting to just pull 100k out and it should appraise for 140-155k. Part of the issue I am experience is a DSCR company I spoke to will only give what I acquired the property for plus the rehab cast. I acquired the property in a unique via trade of a different property I owned.

Does anyone have a solution?

Looking for options to assist with a home purchase. Approved for the max allowable conventional loan, but looking for ways to fund the DP. The scenario is for a home listed at 1,095,000 with the ARV being at or around 1.4-1.5. Given the PP is 75-80% of the ARV, are there lending options to fund the full purchase? Would that only be a HML? Or would the better of the options be to secure private money at $50k for 3-6 months to fund the DP?

I was close, but not close enough to fund the down payment. The reno to get to the ARV was simple, but I had budgeted $70k conservatively. I would be performing the work myself and essentially doing a BRRR on the home. Plan for funding the reno was through my W2, cash I didn't use on the down payment and a business CC with 1 year zero interest.

Thanks for reading! First time trying to purchase a home without funding myself. (401k loan N/A, HELOC on investment prop N/A)