All Forum Posts by: Andrew Zamboroski

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?

Hello all, 

I have a property in DFW that I have a hm loan on. Due to a serious of misfortunate events I am in default now. I owe my lender about 8k. Right now my debt is sitting at around 154k (8k outstanding interest payments). The value of the home is around 245k, although it has not been appraised that is the 'desktop evaluation', whatever that is worth. What I am looking to do is refinance, or pull out equity so I can get back on track with my lender and continue searching for a buyer. Any suggestions? Should I refinance, I know I cannot do HELOC because it is not my primary residence. I had seen an ad recently from quickloans about something they offer, they give cash for the equity and then when you sell the property they are paid? I dont know much about that though.

THanks!

We have a SFH and a duplex that we own free and clear, and a duplex on which we have a residential mortgage. Each of these properties is in a different location and was purchased at a different time. Is it possible to re-finance these separate properties as a group in a single loan? Does the fact that these were purchased separately and are at different locations make that option unavailable? The idea is to re-fi in a single transaction, which, I assume, will have benefits over three separate transactions. Please advise. Thank you.

We have 3 A frame cabins built on a single 5.5 acre lot in Hocking Hills. It has been financed all cash so far and we plan on building a total of 6 additional cabins in phases over the next three years. We are exploring options, but aren't too excited about taking on 7 figures of debt on a construction loan. We are looking for a DSCR loan on the existing three cabins to use as permanent working capital while to fund the rest of the project via equity.

If anyone knows a good lender in the area that can work with these constraints please let me know.

Thanks!