All Forum Posts by: Dallas Sauer

@Hayden McDougal I agree with Alecia. Grow your network and see where you can offer a benefit to others. Research and learn the different aspects of the industry. Real estate agent, wholesaler, hard money broker are all great options in this space but it comes down to wanting to learn and who you know!

 It really depends on your plan for the property. Do you plan to turn and sell it right away? Hold it for a year? Keep it long term?

If you plan to sell quickly, a bridge or fix and flip option is probably the right choice. If you plan to hold it for a year, I would recommend a DSCR loan as long as the property and cash flow qualify. Since you know you want to sell after or around a year, go with a 1% prepayment penalty in year 1 and nothing after that. It will come with a slight rate increase but overall worth it as the rate will typically be much better than the F&F. If you plan to hold long term, still go with the DSCR option. This time you have more options on prepayment penalties. For the best rate, the 5-4-3-2-1 option but you have others that can be 3 or 4 years or again stay with the 1 year option above and refi after year one.

 Sounds like a great deal! 

 Yes. How many units?

 Was the as is appraisal done in the properties current condition? This is doable depending on your experience and the current state of the property. You also have another option of potentially a cash out refi on the condo depending on how the cash flow looks. Feel free to PM to discuss both in depth. 

 5 similar deals. Similar if they are same market and relatively close rehab amounts. We also give experience for being a realtor and a GC.

 I replied to your email!

We can do DSCR up to 10 units. Does the property need rehab or is it turn key? Are the units already rented? Feel free to DM me.

I would recommend checking out a DSCR loan for both properties. The one you are trying to cash out you should be bale to get a 30 year loan based on cash flow of the property. The new one, if it doesn't need rehab you should be able to get into for 20-25% down if the property cash flows. Let me know if you need help!

Hi All,

I am a Direct Lender as well as a Mortgage Broker in Arizona. My group and I are expanding our Hard Money lending Nationwide.

We are offering Fix & Flip loans to real estate investors with top experience up to 90% of purchase and 100% of rehab.

Brand new borrowers 70% of purchase/ 100% of rehab. 

Total loan not to exceed 70% of the new ARV.

Rates starting at 9.75%

Yes we do refinances! Yes we do mid swing deals!

DM or email me to get started! [email protected] to see what we can offer.