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All Forum Posts by: Chi Ta

Chi Ta has started 3 posts and replied 15 times.

@Mark Safrin Do you have rate sheets? I'd like to explore the option of purchasing several properties a month.

@Anthony Santistevan Hey Anthony I'd be interested if you can send me rate sheets, what LTV can you fund up to, what qualifications, how fast can you close? I'd like to purchase several properties per month.

@Allan Szlafrok Thank you for the recommendation! Up Vote! I'm actually in California, and want to invest in California, Texas, and Florida. I'm not sure why BP thought I was in Alaska haha... do you have any good investors to recommend for these areas?

@Allan Szlafrok Do you have contacts to any good non conventional financing lenders? 

@Joshua Schmidt Perhaps you're right, but several people mentioned it was 4 or 5 I forgot.

Post: SFH Rental Loan Product Options

Chi TaPosted
  • San Francisco
  • Posts 17
  • Votes 1

@Jerry Padilla What is the lowest Downpayment you have for self employed business, 18 months in, roughly 200k a month gross income? Looking to purchase OO and Investment.

@Michael Evans Do you have any good private money suggestions or where to look to find them?

@Allan Szlafrok I totally get the value add part. I am confused about the financing part. Conventional stops at 4 properties and like @Andrew Goodwin mentioned, people then go with hard money / commercial loans, but how likely will the numbers even make sense with those types of loans?

How high of a LTV will a hard money lender go up to?

Originally posted by @Andrew Goodwin:

@Chi Ta Hard money, a business partner, spouse (if you were the only one on the first 4 loans), you could also establish an LLC and do commercial loans, but then you're need a much larger down payment.

Thanks Andrew, that was more clear and helpful. Do you have any sources for lenders?

What cost are we looking at for hard money? What rates? 

And or Commercial loans?

Well I understand that.... Typically lenders will lend up to only 4 or 5 properties, where do you even get a loan after that?

I have to put it out there, let's say you get several BRRRR down and things goes great.

1st BRRRR you manage to refi it into a owner occupied property.

2nd BRRRR investment loan (now what type of loan are we talking about here?), not to mention 3rd, 4th, 5th,... 10th, what lenders would give you that much money seeing that you already have other properties all at super high LTV?