All Forum Posts by: David Robinson

@Konner Karr I work with multiple lenders that will loan money towards your investment dwal not bases on your age or income, based on credit and assett(the property) If it's a good deal its a good deal.

@Marc Rice I work with multiple lenders that can lrovide 30 year terms on an investment property. Message me if you would like to connect.

@Paul Jurczyk Here is a quote from @Justin Sullivan

"So good and bad working with commercial lenders

Good:

-easier to get financing

-quicker to get money

-more options

-able to tackle run down value add Projects with little out of pockets cost

-good for fix and flip or BRRR where you Sell or refi out

-doesn't need paystubs or DTI -loans are Assest based with personal guarantor

Bad:

-expensive money

-higher rates

-still able to buy turn key but interest Rate is 5-7%

I am an advocate for commercial Money. So that’s what I see for this topic. "

I work with multiple lenders that can come up with a solution to help keep your investment business flowing.

@Jonathan Fuchs Yes it is realistic to have so many homes. You can keep personal finances separated with an LLC. You could have 5 properties within 21 days with multiple lenders I work with. You should decide on your formula and go for it, if you want to stay debt free find 5 lower priced properties with cash. There is options of leverging cash out after the purchase as well. If you want to leverage financing, research and create a formula for the value of the cost, is it worth it? Can I get more money, quicker money, do I get connections with a professional that helps your network and using someones else money while keeping more cash in hand.

@Frank Rivers Is the rental property an FHA loan?

@Summer Cherry Its been a while since I did conventional loans ,but have you looked refinancing to a conventional mortgage, getting rid of fha mortgage insurance, and different teems in years, sometimes the 15yr can have a better rate than the 30.

@Chris Potter I work with mutliple commercial lenders,and depending on credit I have seen portdolio loans at 4.25 for 1 million. Lets connect if you still need help with this portfolio loan so you can move quicker to your next investment.

@Michael Seeker Great way to find information on owner to make offers, by the way you may or may not have a false alarm lien on yours,lol.

@Joe Johnson Are you purchasing the property as an LLC if so I cac recommend a few lenders?

@Justin Lee I work with multiple lenders that finance a 5 plus deal. A good way to find one is find an area you like and fits your formula, and check listings or call a local agent or connect with one from BP, and let them help you find the deal. Message me anytime to warn learn more about the lenders I work with.