All Forum Posts by: Devin Peterson

Are you marketing publicly, or privately to people you already know & have a relationship with?

The topic you're digging into is syndication. If you're selling a security (which it sounds like you are) you need to either register the security or qualify for an exemption to registration.

If you want to publicly market for equity investors then your most likely option is to use Reg D Rule 506(c) exemption to registration of the securities. 

I'm not sure how "creative" this is, but is there anyone out there doing HELOCs on duplex's? I have a great property paid off and I'm looking to grab some equity for the next deal. I've heard a few no's on my first round of calls and 1 "possible Commercial Real Estate Line of Credit" - but did HELOCs just dry up on rentals?

I'm planning to purchase a 3BR/1Bath SFR estimated appraisal value $275K. Plan to purchase for $265K. I pulled comps for 3BR /2Bath in same area and recently sold showed comps from $320K-360K. If I add a full bathroom to this house and have it reappraised as 3BR /2Bath and appraisal comes back at $320K. Can I apply for a HELOC with the equity built?

Thanks! 

Hi - have done a lot of real estate investing but find myself back to square one when it comes to financing primary residence. I have a first lien lined up at under 5% for 70-75% LTV. I could do up to 90% at 9.5%. In both cases non-QM / bank statement based, since as an investor my tax returns show negative AGI. >$2MM purchase price. Rationally it'd make sense for me to pay 12% or more all day long for the slice from 70/75% to 90%+ and my blended cost still comes in lower than 9.5%. Any ideas? Would need to be done as a refi, as my first lien lender has no issue with it but can't put it in place at closing (so we'd use cash and then refi back out soon after closing).

How does financing work for multi-family FHA/ conventional loans? What additional documents would the lender require for conventional loans?