All Forum Posts by: Andrew Zamboroski

I'm interested in purchasing Airbnb, what kind of rates are people paying for Hard money?

I'm interested in purchasing Airbnb, what kind of rates are people paying for Hard money?

Looking at a 1.2M portfolio with 17 units, 12% cap rate.  Running into high interest rates since the per unit price is sub 75K.  Anyone have lenders willing to lend at ~70K per unit at around ~7.5% interest without a big buydown?  Thanks!

Anyone have experience with a cash out refi exceeding 80% LTV? Do lenders do that?

Looking to invest in my first property. 

We've been doing plenty of research but the market in SW Michigan seems high for what the properties actually require to get to a decent rental status and get some decent cash flow.

Is this me just being hesitant to dive in?

We have cash but not enough to put down major down payments in many of the properties. 

Should we look more in the BRRRR method or focus more on cheaper properties and refi/resell? Any leads or ideas from anyone?

Looking in Southwest Michigan (Kalamazoo, Battle Creek, Marshall, etc.)

I have my rehab complete and my renter moved in to my first BRRRR. I'm excited to start the cash out refinance so I can get moving on my next property. Looking for some advice. Should I go through my current mortgage lender for the refinance or shop around? Also is there anything I can do to try to help with the appraisal process so it appraised for what I'm thinking it should?

I keep hearing stories on the BP podcast of people using equity in another investment property to fund down payments for other properties, but they never go into detail other than saying a ‘small, local bank’ did it for them. Can someone give insight on the granular details on how this is done? Is this just another way of doing a cash out refinance on one property to fund another?

I was curious to see points of view on selecting a 7/6 ARM or a 30 year fixed in today's current market. I have read up on the pros and cons but I am really looking to get the experience of people from this platform.

I am trying to close on my second Duplex in OH. I have an Ohio LLC which is pass through to my Wyoming LLC. This second duplex lender says they cannot close on my Ohio LLC with this structure. I did not have any problems when I brought a duplex last year.

Have the rules changed in the last year?

Hey everyone,

I'm 20 years old and have about $250,000 that I'm looking to deploy.
Earlier this year, I bought my first rental property — a condo for $175,000— and now I'm looking at getting a loan against it to free up even more capital.

I'm seriously considering starting a hard money/private lending business.

I’m hoping to mainly fund flippers, investors, and small bridge loans at low LTV's (around 65-70% of ARV).
Right now, I’m based in UTah, but I’m open to ideas about nearby markets too.

A few questions I would love advice on:

•  Is $250K enough to get started lending in today’s market, or should I look into pooling capital?
•  Should I fund just purchases (and have the borrower cover rehab), or fund both purchase and rehab?
• How do you structure your deals safely (LTV, liens, insurance, escrows)?
•  Where is the best place to source my first borrowers (wholesalers, agents, flippers directly)?
•  Any rookie mistakes you see new lenders making that I should avoid?

I really want to do this the right way — my goal is to protect my principal while building a solid track record over time.

If any experienced lenders or investors have advice, or if you have resources I should dive into, I'd greatly appreciate it.

Thanks in advance — excited to be part of this community and keep learning!