All Forum Posts by: Brandon Beardt

Try this direct link - here - instead which should show the page you would see immediately after clicking "Register Now".

Hi Bill! Yes, this is a general invite for anyone to join. You should be able to proceed with choosing "Non-Member" from United States once you click "Register Now". Let me know if you run into any issues at all & hope to see you there!

The 2025 International Builders’ Show (IBS) will open its doors at the Las Vegas Convention Center, February 25 – 27. We’re excited to extend a special invitation for you to join Investor Property Loan at this premier event—with a FREE IBS Expo Pass

About IBS
Organized by the National Association of Home Builders (NAHB), IBS is the largest annual light construction show in the world. It’s a once-a-year event that connects, educates, and improves the residential construction industry. Expect new product launches, construction demos, industry thought leader sessions, workshops, panel discussions…and more. The people, products, and knowledge you’ll gain will give you real ideas and real solutions to grow and strengthen your essential business.

Why Join Us?

• - Preferred Lender at IBS for rehab (fix and flip), long-term investment (DSCR), and bridge loans.
  
• - Trusted by contractors, project managers, and investors NATIONWIDE for all real estate financing needs.
  
• - Opportunity to network and learn from industry leaders at the most influential event in construction.

Claim Your Free IBS Expo Pass
Simply visit www.BuildersShow.com/InvestorPropertyLoan to claim your free pass. This is a great way to discover innovative building products, cutting-edge techniques, and industry insights.

We’d be thrilled to have you join us at this can’t-miss show. If you have any questions about the event —please feel free to reach out.

We look forward to seeing you in Las Vegas!

100%. These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another. Each DSCR loan is separate and qualifies separately, so one doesn't necessarily affect the other except for the liquidity needed to close since you'll have multiple down payments/closing costs for each transaction.

Quote from @John Friendas:

As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like? I have one conventional mortgage and am looking for turnkey rentals, which there are many of in the midwest. How do I get to 5, 10, 20 properties with DSCR? And do they care if I do rent by the room strategies?

Originally, I felt limited by conventional lending DTI.

The downpayment and closing costs would be one large hurdle in order to repeat this, I'm not sure how willing lenders are to allow 3 properties a year. Still learning the DSCR ins and outs. Thanks!

 Hi John,

No cap on the amount of DSCR loans you can get. If you and the property qualify, you can get unlimited amount of DSCR loans. Most institutional DSCR lenders prefer one lease per property/unit, however, I've seen programs allowing rent by room strategies. Just depends on the situation/scenario. Best of luck.

Quote from @Michael Nguyen:

New to this community, heard great things. New investor looking to learn a lot. Thank you in advance. 

As I mentioned I'm a new investor. I am creating an llc with a couple friends as we go into this new endeavor. My questions is. When getting a DSCR loan whose credit score is the lender going to use? Will they require all members or just one?

The highest mid-score of all the guarantors will be used, however, not all LLC members need to be on the loan as guarantor. You really just need one. I'd recommend just having the member with the highest mid score on the loan as guarantor. Certain circumstances may require additional guarantors, however, just one will suffice most times.

Quote from @Erik Galve:

Hi I’m looking for DSRC loan lenders that can with a it h 55-75-90k purchase price properties and that can do 15% money down. Any one know of any? 

Lowest minimum appraised value I've seen for DSCR is $75K. Purchase price can be a tad lower, however, you'll still need to meet the minimum loan amount threshold between $50K-$55K. Done this many times.

Quote from @Tyler Herman:

Who is a hard money lender doing fix and rent and DSCR loans sub $100k?

Would love if I could find someone willing to lend on $60k-$80k fixers and dscr out with an ARV of $90-120k. Can find these all day but most lenders have a $100k minimum.

Haven’t had luck looking to local banks/credit unions because I know I’ll get that response. 

We've done DSCR deals sub $100K as long as the appraised value comes in at $75K or higher. The FNF deals are tough if the loan amount itself is sub $100K. Not much appetite in the market for those types of deals from what I've seen.

Quote from @Michell Chase:

I am currently working on building my RE portfolio. As a beginner, before learning about all different types of lenders, I purchased my first investment property under a conventional investment mortgage in my own name. Since then I have opened my LLC and am beginning to buy other investment properties under that LLC. As I am not a spring chicken with my age..there are always concerns about "What happens if I die?"...therefore the underlying base of my question. Would it make sense to refinance my conventional into a DSCR with my LLC that way I can create a plan for my single member LLC upon my death so that my RE assets are also passed along...

Thanks

This may be a question you should ask an attorney. You can 100% refinance into a DSCR loan and close/vest in your LLC, however, I would imagine the rate is likely worse than what you have now with the conventional loan which would impact your monthly cashflow. You may also be able to simply QCD the property in your LLC but you run the risk of the current lender calling the note due because of the transfer. An attorney would be better off advising as to what would make the most sense for you in your particular situation.

Quote from @Charwak Gummalla:

Hello BP family,

I need some advice regarding a deal I am looking at.

The property is listed below market and I want to buy it and rent it out. I also want to cash out refi.

Th hhouse is listed for 70k below market. We want to invest 20% and fix it a bit (the house is just 4 years old and just need some tlc. It's listed below coz the sellers are moving out of state and want to get rid of the house. Of course we will do all the inspections and due diligence)

Th goal is to fix it up a bit and cash out refinance it. The market value is about 450 and say we bought it for 370, can we cash out refi after fixing it? Will the appraisal be an issue coz we bought it for 370 3 months back?

Thank you for the advice

Yes, you can always cash out refinance the property after you finish the rehab/reno. If you're goal is to BRRRR the property, look for short term bridge/rehab loan options that will allow you to finance the acquisition AND rehab of the property. These are interest only loans with no prepayment penalties. Once you complete the rehab and have a tenant in place, you can refinance based on the NEW appraised value of the property once you've been on title for 90 days with a DSCR loan (if that's the type of financing you want to refi into). We do these daily and see these types of scenarios all the time.