All Forum Posts by: Devin Peterson

Hi BP,

I have a single family home in Albany County, NY. I purchase it in December. The renovation should be complete this month. 

I paid cash for the property and renovation. 

I would like to keep it as a rental and pull cash out.

The home is owned by my corporation and I would like to keep the loan in the business name, without any personal guarantee if possible.

Anyone that can guide me in the best direction I would appreciate it.

If your able to help fund me in NY even better!

Thank you.

Greetings, BP friends! Our journey into the world of real estate investing starting in Pittsburgh, where we are aiming for cash flow properties, including multi-family and commercial investments. Our thorough research has led us to a couple of lenders, and we are now on the hunt for more lenders who can provide us with the necessary funds to make our dreams a reality. We are especially interested in finding lenders who are well-versed in DSCR and can offer us attractive loan options. If any of you wise real estate veterans out there have any tips or leads on lenders in the Pittsburgh area, we would be grateful for your input. Let's make this happen!

Cheers,

Guchan

Can you get more that 4 units with a DSCR Loan?

Hey Guys, Im currently looking to expand my investment journey in the Philly area, wanted to ask if anyone know of any DSCL lenders, any hard money lenders they will recommend, and any private lenders that offer rehab loans as well in the Philly?  

Thanks in advance!

Hey there! So, I've been thinking about investing in small multi-family units in the Coral Gables area. I actually lived there for about seven months, and I know the area pretty well. I'm looking for a property that needs a little fixing up but isn't a complete overhaul.

I've been considering financing options and I think a 203k loan could work for me (or some form of a rehab loan). It would allow me to cover the rehab costs and make a lower down payment (around 10-20%), which is perfect for me.

Right now, I'm in the process of building a team. I need a lender, agent, contractor, and a HUD consultant. I'm looking for people who know the area and have a good track record. Do you have any recommendations?

Overall, I think investing in small multi-family units in Coral Gables is a great opportunity.