All Forum Posts by: Casey Dimascio

Does anyone have recommendations for lenders in Boston, Massachusetts? Ie small banks or hard money that can do a 30 year refinance into an LLC?

Also interested in banks that will do construction loans to avoid hard money fees (ie loan before it's fixed up and allow a construction draw)..I have tried one any they said my DTI is not strong enough to purchase before it's fixed up, but they can help me out after.

I am going to search and search and search more banks but I figured I would post here to see if I could get any recommendations!

Done a ton of flips and rentals but new to the LLC lending space. Thanks in advance!

Khemraj, do you do commercial loans? What are your rates looking like for a standard refinance through an LLC?

Thank you!

Hi guys! I am currently doing the Brrrr method in full swing. I have about five properties and am looking to get another 5 this year.

Does anyone have a good bank they can reccomended that will do commercial loans to new LLC's?

I have a couple that I am currently working with, however their rates are outrageous. I recently refinanced into a 9% rate on a 4 unit property in Whittensville, MA. It was a rehab and refi, which I will be doing all year. 
Looking to refi a duplex in Milford in the very near future. Thanks In advance! 

Where are you located? What are you looking to bring to the table? Seems like you can find a deal. Do you have construction experience? Money to put down? 

Who are your lenders?! I haven't had this experience, and I've been through dozens. Getting a loan (especially over the past 15 months) has not been easy. They check, check, and double check DTI, credit, income up until the final hour. It's my understanding this was the complete opposite in 2008. In fact fraud was encouraged by lenders. They even had expansion clauses (mortgage payment/ rate increases after X amount of time) which were specifically targeted at the poor, who were more likely to default. It seems like much different practices now

Hi All! I need some FEEDBACK. My friend and I are long term Carpenters/ real estate agents/ investors. We have recently partnered up and want to get a legitimate flipping business going. (We have both done some in the past)

My question for you, what do you recommend prioritizing? Ideally we will get to the point where we are not doing carpentry, just managing. 

Right now we are working on a website to bring in investors, and we have a way of finding deals

Hi all, what app would you recommend using when driving for dollars? I am looking for something that’s low cost to use and you pay by the letter rather than by the month ect. Any recommendations? Should I get one that pays by the month instead? 

I have a question for you guys about mobile homes.. My question is, does anyone buy mobile homes and brrrr them? I am aware that I wouldn't own the land. I am also aware that there would be rental fees when vacant. My second question is where do you see comps for what these things rent for? I have looked on the MLS and there are none for rent or past rented. Let me know what you guys think. I am trying to get my brrr portfolio going and I have limited capital. I am aware that traditional financing does not work. I would be using a chattel loan for cashing out... which brings me to question number THREE.. has anyone ever used these loans? Would they work with an asset as collateral?

I am about to acquire my second rental. How do you guys recommend me filling my taxes? My plan was to put each property in an individual LLC for protection. Can I still leverage that income with the banks if they are split up like that? What do you guys do?

@Jonathan Bombaci when and where is your next monthly meeting in Lowell?