All Forum Posts by: Andrew Zamboroski

Hello all!

I'm an experienced investor that's emerging from a difficult period. Need input / ideas / comments on following pls.

I have 2 SF rentals that I'm facing foreclosure on as I fell behind w/ the mortgage payments on (due to unrelated problems). Those other probs have now gone away plus I'm making a lot more dough from my regular work/day job these days. My credit is poor right now but can easily be improved as my income is much better lately. 

I owe approx. $40k in arrears on each. Seeking either lien in amount of arrears, or refi of each if poss.

Approx. #s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250

Pls feel free w/ any solutions / input / ideas.

Tx

Dave

A quick internet search suggests that foreign national loans can provide up to 75% LTV. Is that correct? DSCRs seem to be up to 80%. Is there a benefit to foreign national loans for a US citizen with a US credit score (the 791 I mentioned in the original post is my American score)? How do the interest rates usually compare between the two?

I want to buy an investment property in the United States. I have a good credit score (791 based solely on credit cards) make almost $200,000 per year, and have very healthy investment and retirement accounts in America. But I live abroad. Can I get a good mortgage? 

I have started purchasing a few investment properties and have an LLC. Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ARM with 15-25y term, and 20-30% down. This is before I mention having an LLC or anything. I have no debt, significant equity, good W-2, and excellent credit. I'm fine with the money down and shorter term but the higher rates and the ARM I am not a fan of in general. How are people buying multiple non owner occupied properties on fixed rate traditional 30y mortgages?

Hey Guys,

I'm searching for a list of lenders who provide HELOCs. Who have you used recently?

Thanks,

Hi guys, I purchased a home with seller financing last year and did some renovations. It will be going up for rent this week. I have about $120k left on seller financed loan and the house is worth $280k. What's my best way to get cash out of the house? 

1. Hello,
2. I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC. It seems like a good strategy but would appreciate any advice and if anyone worked with banks/lenders that provide a service like that.
3. Thank you in advance!

I have a SFH investment property that currently has no mortgage. It just appraised for $300k. I tried to do a traditional cash-out refi from my previous lender and because I am self-employed, my W2s showed some business losses which skewed the debt-to-income past their acceptable level. I have great credit, verified income through bank statements, and cash reserves.

Any suggestions on whether or not Hard Money, DSCR, or anything else might be a better fit? Thanks!

For BRRR, after a property is renovated, they can approach a lender to do a cash out refi. Does the lender evaluate based on ARV? or Purchase Price + Repair cost only? Also is there any restriction like time period (at least x months after initiate purchase)? Would this be considered as DSCR product? Any help is appreciated.