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All Forum Posts by: Derek Nguyen

Derek Nguyen has started 1 posts and replied 3 times.

Quote from @Brittany Minocchi:

Hi Derek -

Is the property titled to you or an entity?What is the estimated value and outstanding mortgage balance?


 Hi Brittany,

The property is estimated at $220k and we owe about $80k on it. Title is under personal.

Quote from @Erik Estrada:

Why not just do a DSCR cash out? There are many lenders that are fine with this


 Hi Erik,

The reason is that we want options. We can use HELOC to do accelerated banking to pay off mortgage faster or have funds available to purchase future deals without have interest accumulate from day 1.

Hi all,

Looking for advice on any lender in Vegas that are willing to do a HELOC on a non-warrantable condo, with the reason being that an entity own more than the guidelines of 10% of the complex.

thanks;