All Forum Posts by: David Pearl

Yes. Very unusual that they are making you complete the project before releasing the draw. Typically draws happen when you submit a draw request for the portion of work that has been completed, in increments of your choosing.

1 Vote

Wilkes Barre Scranton, Pennsylvania

Quote from @Holly Grippe:

Has anyone used House Max USA for DSCR financing recently? There rates are really good, but I never hear anything about them..... Looking for someone with recent experience

Hey Holly! Have not head of them. I would be happy to take a look at what they are offering and provide an additional quote!

0 Votes

We have a $50k minimum loan amount. The property just needs to appraise for a minimum of $75,000. Happy to discuss further.

0 Votes

We can fund up to 90% of the purchase price and 100% of the rehab on Fix & Flip loans. Happy to discuss further.

0 Votes

Hey Kate! Yes, we can work with you, even if you are buying deals out of state. Happy to discuss!

0 Votes

Quote from @Robert Cardinal:

How do you figure out the ARV on a property you are analyzing for a brrrr?

Zillow is a pretty useful tool. There is a dropdown option where you can choose "Sold", and then you can filter down the criteria such as bed/bath count, square footage, etc. Then from those results, you look at the map view and try to find renovated comps that are similar in close proximity to your property. Real Estate agents and property managers can be good resources as well.

0 Votes

Worcester, Massachusetts

Quote from @Marc Talbert:

Quote from @David Pearl:

Quote from @John Lee:

I own a single family home that will be a rental. I purchased it cash for $150k and improved it a bit. I am looking to do a DSCR cash out loan and I'm looking for lender recommendations. If possible I'd like to do a sub $100k cash out loan.

@John Lee - Hi John. Happy to discuss how we can help you. We have a $50K minimum, so we can work with sub $100K. Happy to help. I'll send you a DM now.

I'm interested in DSCR in Pennsylvania. Lmk if u can assist me. Appraisal done already. $72k.

@Marc Talbert - i will send you a private message now

0 Votes

Montgomery, Alabama

Quote from @Dan NA:

Conventional financing is not an option anymore since I'm at the 10 max investment properties , I'm Looking for a lender than will lend up to %75 of the new appraised value (ARV), Not %75 of the cash purchase price, this is a delayed financing scenario within seasoning period.

@Dan NA - Hi Dan. We only have a 3 month seasoning to do a cash out refi at the ARV value. Happy to discuss.

0 Votes

Quote from @Laurens Van swol:

We are looking for a great lender, preferably in the Tampa area, for a DSCR loan. Who do you recommend?

@Laurens Van swol - Hi Laurens. Congrats on your upcoming purchase! I am actually from FL originally. Happy to discuss your DSCR options. I will send you a private message now.

0 Votes

Tampa, Florida

Quote from @Martin Seals:

Good Morning, I am looking to close on a DSCR loan for Texas property, construction loan, and refinance once stability.
Thanks

@Martin Seals - Hi Martin. Congrats on your upcoming purchase! Are you looking for a Fix & flip loan to rehab a property and cash out using a DSCR loan? Happy to discuss.

0 Votes

Houston, Texas

All Forum Posts by: David Pearl

David Pearl has started 1 posts and replied 120 times.

Post: I am looking for the most flexible lender for BRRRR and fix & flip

Post: DSCR financing with House Max USA

Post: Out of state investor looking for DSCR loan under $100000 in Gary IN

Post: Raising Private Money for our 2 Flip Projects in OC

Post: Fix & Flip Loans Not in Home State

Post: Looking for my first brrrr

Post: DSCR lender recommend for cash out

Post: Non-QM BRRRR Financing option

Post: We are looking for a great lender!

Post: DSCR loan for Texas