All Forum Posts by: Carlos Julio

 Hey Viraj

just leaving another company option for you here American integrity,  I'll be using them in my last 2 properties here at cape coral and everything great so far. I even had to use it for one property and got good experience and quick response.  Good luck

 Hi Joseph iam at cape coral area , I'm not huge investor expert by I've been here investing for the last couple of years and things are going well.  Available for a call if you want 

Hey everyone I just wanted to keep everyone posted on my progress here and share learnings that I had during this process

Yes, it's possible. I was able to do cash out and refinance under a LLC by:

- finding small communities banks , call many times and got rejected due to the small loan amount until I found one so "keep calling "

-this bank typically has their own portfolio and are more independent to do this type of loan

-I was able to do the loan under the llc but I put myself as guarantor

-found a 3ARM 30 yr loan, not so favorable but will refinance in 3 yrs

Hope this can help other people

Thanks everyone

@Peter Davis this is interesting view since many long term investors (including me) are under the assumption that rents won't go down... my assumption was associated that rents will be flat at worst case scenario since renters population will still be growing anf will occupy all these new rentals until house inventory catch up with demand .

Hey BP forum, I need your advise here. I bought a rental sales price Jan 2022 $80K cash under a corporation with a partner with the idea of cash out and refinance and use the money for downpayment for the next one.

The property is located in Fort Myers, Florida (close to where I live) and I have been receiving push backs from local and community banks saying that the loan amount is below their threshold. What should i do?

OPtion 1: Do i keep looking to lenders that are willing to get this loan amount (have you seen cash out refi under this amount $50k )?

OPtion 2: One of the lender is bringing the option to transfer the title under my name and do the cash out and refinance One concern that i have with this options it is that my idea was to use the corporation to do partnerships with my friend, and use it as platform to create commercial history to keep building that for future, and on the other side use my personal loans to build my personal portfolio with my wife (not sure if my thinking is correct here).

Any other cost effective option?

@Melissa Abele not sure since I am focusing in buy and hold only...

Hey Tony, I am local investor in cape coral.  I would like to be part of this . Send me details and also how can I help