All Forum Posts by: Bukka Levy

I’m not sure if it’s the same group, but there is a large group that meets regularly. Last time I checked, in Santa Rosa. They’re on Meet Up. Sonoma County Real Estate Investors I believe. 

Hi Erik,

I’m here in Petaluma and have been a Realtor in Sonoma County for 20 years. I also invest here and in the Midwest.

Let me know when you become a lender, and/or if I can help in any way.

I’ll dm you a couple names.

@Nick Robinson another great reminder. I need to make more of an effort to build creative lender relationships.

Thanks again

@Nick Robinson thank you, these are great points. I hadn’t had trouble with this 75% limit until I started investing in the mid-west where things appreciate slower.

I try to buy properties with high enough rents to afford a cash out refi and still cash flow, but as I mentioned, I didn’t factor that in when I started in the mid-west. Lesson learned.

I’ve been wanting to get into multi, just haven’t found the right deal yet, and it sounds like I need to consider this when planning.

Back to evaluating...

@Andrew Postell

Thanks for your patience. Can I assume by this line of questioning you're saying there are refi's that cash out above 75% LTV?

These are great questions and exactly what I want to understand, so if that’s the case, what would the answers to these questions need to be to get such a loan?

A loan, though I don’t see what that has to do with what percentage of the value I can refinance out.

Can you give me an idea of where you’re going with this? Thanks

@Andrew Postell thanks for the questions. Yes, I can qualify for whatever.

My plan? I suppose I wasn’t clear about my situation. I bought, rehabbed, and rented a property with the intention of refinancing and repeating. 

I did pay a relatively high price plus my rehabs costs, so 75% is not going to get me enough cash out to do much.

Is that helpful?

Hey there Brainstorm,

I'm curious what can be expected, or even possible, as far as refinancing to get cash out. I keep running up against 75% max loan to value. Is this really the ceiling? I'm looking for more cash out and who does these (and what it's called if this type of loan has a specific title).

Thanks

@Aric Yuji Harris I’m a Realtor in Petaluma. I’ve been in business here over 20 years. Message me whatever questions you have and I’ll do whatever I can to help you and your friend.

I’d also like to speak to you about Hawaii, so I’m looking forward to hooking up!