All Forum Posts by: Benjamin Hilliard

Hi @Arlan Potter,

I'm a little confused by your post. Are you talking about getting a single portfolio loan to cover the 3 mortgages? My idea is to buy the properties using a HML then in a year (once we have done some rehab and brought rents up to market) finance the properties under a commercial loan. We would ideally like to received a valuation high enough to refinance and be in the properties with close to no money down. Would we get a comparable valuation with a portfolio loan rather than a commercial loan which uses CAP rates? I appreciate your feedback.

Hi,

I am considering purchasing 3 duplexes all located next to each other (built the same year with the same floor plan). Does anyone know if a commercial lender would consider these properties a 6-plex and value the properties from a commercial aspect for a commercial loan?

Thanks,

Ben Hilliard

Hi,

I am considering purchasing 3 duplexes all located next to each other (built the same year with the same floor plan). Does anyone know if a commercial lender would consider these properties a 6-plex and value the properties from a commercial aspect for a commercial loan?

Thanks,

Ben Hilliard

My mom inherited a home in Florida from my grandfather that still had a mortgage of $75000 and the home is worth approximately $135k. My mom has already recorded the deed in her name at the county office last month and now she is giving me the opportunity to buy the home for what is left on the mortgage. Would I be able to do a Subject-To on the home and record the home in my name and do a cash out refinance then use those funds to buy a rental property? I've read about only being able to refinance with a 50% LTV until the mortgage is seasoned but I've also read about an exception about if you can demonstrate a relationship with the obligator (such a family) you are able to refinance at a much higher LTV. Please let me know if this is true and also if you have any other recommendations on the topic.

Thanks!