All Forum Posts by: Brayden Hrycko

Hey @Matt Greenfield,

As stated, the max for investment helocs will get you around 85% LTV. You can get 95-100% on a primary depending on the lender. The minimums aren't 80%, that would have been that lenders cap.

Hey @Ankit Lodha,

There are plenty of lenders that can help you with that! Feel free to reach out. I'd be happy to give you options. 

Hey @Joel Di Piazza,

I am licensed in FL and would love to help give you some options. This is right up my alley :)

Hey @Sam Ganden,

I would recommend finding another property that has better numbers, maybe even a different area or going ahead and buying a primary that is a multi unit. You can get a 1-4 unit with FHA and take advantage of not having to pay rent while others help you pay that and even give you cash flow. It is a great place to start.

Hey @Jared Born,

Yes, you have options for blanket loans. DSCR or bigger commercial. Feel free to reach out. I'd love to help.

Hey @Keith Sehi,

Like others have said, take your profit and move it on to a new deal!

Hey @Ruben Ramirez,

Lenders are looking for a few things. They want to see decent credit and proof of assets. I have done plenty of DSCR deals with clients with no landlord experience. They will hit you on the interest rate and LTV. You're generally looking at 20-25% down on the purchase. I am doing DSCR deals on the regular so yes it is still possible in today's market.

Hey @Michael L.,

The short answer is yes!

You can get a heloc on a primary or an investment property. Depending on how much you want to pull it may be better to refinance. Just depends on your situation. I'd be happy to help you figure out your options. 

Hey @Daniella Spears,

Does your income have the ability to take on another mortgage? If so, use some of the $122k towards downpayment/closing costs on another house. Maybe fha into a 1-4 unit? 

If your income will not qualify for two mortgages and you still want to invest into real estate you can go DSCR on an investment property and use the $122k towards downpayment/closing costs. You can't live in the DSCR property though because that is strictly for investment.

I'd be happy to go over your options with you. 

Hey @Katherine Leon,

Some great advice above. I would also second the FHA househack option. FHA is just 3.5% down up to 4 units. The other units would take care of the mortgage liability and over time you will build equity in the property while having most of it built from your tenants.

Another great option is to house-hack. House-hacking is when you rent out rooms in the unit you live in. It is a great way to get towards living "mortgage free."

Feel free to reach out if you have any questions. Keep up the learning on BP and get out there and start asking questions. You'll learn a lot faster with in person training as well.