All Forum Posts by: Andrew Zamboroski

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)

We have 5 Duplexes that we're looking to cash out refi. Have some quotes going the DSCR route however fees and rates seem on the higher end, we have 790 credit score, good W2 jobs so documentation is not a problem and we don't have an issue putting them in our personal names, but have had the MFRs for less than a year and operate out of MD. Is there any conventional residential loan options anyone is aware of that would allow cash out refi with less than 12 mths seasoning? Appreciate any information!