All Forum Posts by: Brittany Minocchi
Brittany Minocchi has started 9 posts and replied 960 times.
Post: Looking to get started in real estate investing
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Hey Gerald!
For Cleveland, I’d familiarize yourself with point-of-sale inspections.
As far as financing goes, getting traditional financing for an investment property isn't all that different from getting financing on a property you're living in (as far as qualifications go). Unless you're house hacking with an FHA loan, you'll need 15%+ down for an investment depending on property type.
There are also options for nonQM loans (non traditional financing) if you don't qualify for traditional due to high DTI or issues with employment/income, for example.
Feel free to connect if you’d like to discuss further or have questions.
Post: DPA Programs FHA In Ohio
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Clarence Harvey:
Quote from @Brittany Minocchi:
Quote from @Clarence Harvey:
Hello! New investor here, haven’t started yet but i am thinking of moving to Ohio to get my start in real estate with house hacking with multi-family properties , within the timeframe I want to leave I doubt I will have a full amount for a property, I was wondering if anyone could fill me in on the Down payment assistance programs that are available?
Would you be able to give an numerical example of the second portion you mentioned? Having and extra payment
Post: DPA Programs FHA In Ohio
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Clarence Harvey:
Hello! New investor here, haven’t started yet but i am thinking of moving to Ohio to get my start in real estate with house hacking with multi-family properties , within the timeframe I want to leave I doubt I will have a full amount for a property, I was wondering if anyone could fill me in on the Down payment assistance programs that are available?
Post: Dscr loans 60k purchase price
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Daniel Cerda:
Hello my name is Daniel and I am looking for a way I can puschase some homes in the jackson MS area
The homes in that market are in the 50k to 60k price point. But I work for my self and the banks won't lend to me
does anyone know any Dscr lenders that would lend at that price range? I would use a hardmoney lender but I am buying
them to rent them out not flip them. IF anyone knows a way to do this please let me know thanks.
Post: Commercial - Mixed Use Financing Cleveland Ohio
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Hey Zach -
Mixed use properties can be tricky with more than 10 units, but there are options out there. Happy to connect.
Post: Super motivated and looking to build a new career
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Matthew William:
Quote from @Brittany Minocchi:
Welcome! I invest, lend and am located in Ohio (about an hour south of Cleveland). Happy to connect if I can be of assistance.
Are you focusing on appreciation, cash flow, or both?
Are you planning to fix and flip or buy and hold? If buy and hold - short term or long term rentals?
Single family or multi-family?
Will you be using your own money to fund your deals or OPM? If OPM, will it come in the form of private money, hard money, a conventional loan, or a nonQM loan?
Is your credit currently at a place that puts you in a position for a great rate and terms, or are there things you could work on?
Do you have boots-on-the ground and/or a person or team of people you can count on, especially if you end up investing out of state?
Are you planning to manage yourself or hire a property manager?
Post: Super motivated and looking to build a new career
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Welcome! I invest, lend and am located in Ohio (about an hour south of Cleveland). Happy to connect if I can be of assistance.
Post: New Aspiring Real Estate Investor - Columbus, OH
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Jonathan Youse:
Hello BP Community,
My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverage our future differently. During the transition I found a lead on a sizable SFH opportunity that requires significant renovation but has a high potential return. I began researching and self educating on Real Estate Investment.
It has been 10 days since I joined BP Pro. In that time I have secured two realtors, pre-approval for an investment property, and most critically a successful and experienced mentor with access to additional private funding. This is my starting point. If successful, the capital earned from this first experience will roll into future projects.
If you are local to the central Ohio area and would like to connect on potential partnerships, please reach out.
Good luck everyone.
Welcome back to OH and good luck! I’m in the Akron/Canton area.
Post: DSCR loan product recommendation
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Quote from @Xavier Aliche:
Quote from @Brittany Minocchi:
Hi Jay —
There are a couple of lenders out there that will do 85% LTV. Keep in mind the higher the LTV, the higher the FICO requirements and the higher the rate in most cases. Feel free to shoot me a message if you‘d like to discuss further.
Post: Financing deals in the 70-80k, range.
- Lender
- Massillon, OH
- Posts 996
- Votes 479
Traditional financing or nonQM? NonQM usually has a minimum loan amount of $100k (although I do broker to one lender that will go down to $75k) but $70-$80k with traditional financing wouldn’t be an issue at all. Happy to connect if you’d like to discuss further.