All Forum Posts by: Brittany Minocchi
Brittany Minocchi has started 9 posts and replied 960 times.
Post: Great FICO but difficult getting conventional loan
- Lender
- Massillon, OH
- Posts 996
- Votes 479
If you don’t have gaps and can justify the job changes, it shouldn’t be an issue. A loan amount of $58k for conventional shouldn’t be a problem either, although the pricing is a bit higher on lower loan amounts. I can’t say for certain without seeing the whole picture, but I’m happy to discuss if you’d like to connect.
Post: Youngstown & Akron market
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Can’t offer any advice on Youngstown, but I do very well in the Canton market. I would expect similar results in Akron.
Post: Looking for DSCR lender
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Hi Edward, happy to connect.
Post: Small Mixed Use (Retail and Commerical) financing help
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Like others have said, commercial is your only option here. I may know of a lender that will finance this type of deal depending on a few different factors. Feel free to connect.
Post: Looking to get started in real estate with Multifamily properties here
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Welcome! I started with (and prefer) multi-family properties and buy primarily in Canton. House hacking is a great way to get started if that's an option for you, but I understand that's not the case for everyone. Happy to connect if I can help in any way. Good luck!
Post: FHA Programs in Ohio
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Hey Clarence! An FHA loan would require you to occupy the property for at least a year, so if you are not located in Ohio, that wouldn't be an option on a property here. I don't know of any DPA programs that don't require owner occupancy. On a multi-family, you'd need at least 25% down for a conventional loan, maybe less for something non-QM depending on the property/scenario. Feel free to connect if you'd like to discuss further.
Post: Anyone know of a refi lender without seasoning period?
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Since the properties are already renovated, it doesn't sound like ARV would be a factor here. You have some options without having to wait 6 months - happy to talk if you'd like to connect.
Post: Looking for DSCR Lenders in South Florida
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Guillermo Lopez:
I have a multi family in Palm Beach County and I am looking for DSCR Lenders to help me access the equity from my investment.
Multiple options out there, happy to connect.
Post: Invest in Cleveland/Akron or Columbus Ohio?
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Anthony D'Angelo:
Hi Investors, Brokers, and Realtors:
What do you recommend to a California investor that wants to invest in Ohio for Cash Flow? I know the appreciation is not the greatest but cash flow is great. I have heard good things about both. My criteria is pretty much cash flow, landlord friendly, I want multi-family over SFR, Section 8 tenants mostly.
Thanks!
Not exactly Akron, but I invest in Canton and it checks all the boxes you mentioned. Definitely better for cash flow over appreciation and multi-family properties aren’t hard to come by. No shortage of people with Section 8/SMHA vouchers. As far as being landlord friendly, you’ll have annual per-door registration fees and inspections to deal with if you’re in the city, as well as Section 8 inspections. Being out of state, I’d make sure you’ve got a solid person or team of people you can count on when it comes to repairs, maintenance and general boots-on-the-ground.
Post: Aspiring investor here to learn and connect
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Welcome, wishing you the best in your endeavors! @Lanir Maximuk, I’m in Ohio and happy to connect if you’d like.