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All Forum Posts by: Devin Peterson

Devin Peterson has started 62 posts and replied 1522 times.

Post: Lenders only wanting to lend 80% of purchase?

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554
Quote from @Samuel Coronado:

I keep running into a road block. I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price. Is there a way to get the 80% of the appraised value out? Is BRRRR dead with institutional lenders? Or am I missing something?


My personal credit score is a 780 and I have multiple other properties but still not busting the DTI metric.


 This sounds like a refi. You need a commercial investment-focused broker with no seasoning requirements or not as strict as standard traditional guidelines. There's a lot of options here,

Post: Best Investor Focused Broker - Miller Mortgage - Nashville, TN

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Mortgage shopping can be a tall task - let us handle the heavy lifting!

βœ… Tailored mortgage broker services for all your investment needs!

βœ… We say YES when others say NO!

βœ… FREE Pro-Forma Modeling Assistance with EVERY locked loan!

β€œThere’s always a fit with Miller”

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

Post: Best Hard Money & Bridge Loans - Miller Mortgage - Nashville, TN

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Deals happen FAST! Trust a broker with 60+ years of combined experience to get in the win column!

πŸš€ WIN your next β€œBridge” / β€œFix to Flip” / β€œFix to Rent” loan with ease.

βœ… We allow first-time bridge investors!

βœ… Get up to 90 LTC and 100 LTC in select states!

βœ… Close quick! Super lite doc bridge loans allow for SPEED!

βœ… Unbelievably EASY draw process!

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

https://calendly.com/devinpeterson

Post: Best Large Multifamily DSCR Broker - Miller Mortgage - Nashville, TN

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Work with investment-focused brokers who KNOW real estate investing!

πŸš€ We go beyond the traditional DSCR lender's maximum unit capacity!

βœ… Customizable loan terms

βœ… No Income Required

βœ… No Employment Verification

βœ… No W2s or Tax Returns

βœ… Close in your LLC

βœ… Non-credit reporting option

βœ… DSCR < 1.00 is OKAY

βœ… All 50 States

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

https://calendly.com/devinpeterson

Post: Best DSCR 1-4 Family Investment Loans - Miller Mortgage - Nashville, TN

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Get the absolute best RATES and SERVICE that you will find in the DSCR space!

#πŸ₯‡ in product analysis - Don't just settle for "chocolate" or "vanilla" There is a reason Ben & Jerry's Ice Cream has over 100 different flavors. Let us find the absolute best DSCR fit for your needs!

#πŸ₯‡in client relationship management - Don’t get stuck in the masses. Work 1:1 directly with your broker from pre-approval to closing day! No fuss!

#πŸ₯‡ in risk analysis and Pro-forma education - Other DSCR lenders will just show you the rates and fees. We take pride in the deals we work on. That means, personalized underwriting services for investors who want additional opinions.

πŸš€ Trust the #πŸ₯‡ broker in the DSCR space to close even the toughest of deals!

βœ… Customizable loan terms

βœ… No Income Required

βœ… No Employment Verification

βœ… No W2s or Tax Returns

βœ… Close in your LLC

βœ… Non-credit reporting option

βœ… DSCR < 1.00 is OKAY

βœ… All 50 States

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

https://calendly.com/devinpeterson

Post: Best Short Term Rental Loans - Miller Mortgage - Nashville, TN

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Work with the best MTR-STR / DSCR brokers in the industry!

#πŸ₯‡ in product fitting and satisfaction - Don't just settle for any ordinary MTR-STR loan. Let us evaluate your scenario to find the right product for your STR needs

#πŸ₯‡ in applying a creative underwriting approach - Have seasonality income adjustments? NO PROBLEM! We will accept it!

#πŸ₯‡ in finding creative ways for FIRST-TIME INVESTORS to qualify their MTR-STR!

πŸš€ Why are we truly different?

βœ… Industry-leading service and speed

βœ… Over 500+ lending partners across the United States

βœ… Our private search platform allows us to obtain the best terms for your deal

βœ… We provide more than just loans - get unmatched customer service and continued guidance

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

calendly.com/devinpeterson

Post: Best NON-QM Broker - Miller Mortgage

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Work with a team that has over 60+ years of combined mortgage experience.

#πŸ₯‡ in creative non-traditional banking solutions!

#πŸ₯‡ in client relationship fulfillment!

#πŸ₯‡ in service and speed!

πŸš€ What do we offer in the NON-QM world?

βœ… Asset Lending

βœ… Profit + Loss

βœ… Bank Statement Loans

βœ… 1099 - IDC Loans

And MORE!

πŸ‘‰ Check out our website:

https://millerhomelending.com/

πŸ‘‰ Use the best mortgage calculators:

https://millerhomelending.com/mortgage-calculators/

πŸ‘‰ Schedule a FREE consultation:

https://calendly.com/devinpeterson

Post: LLC Bank Accounts

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

I would start with the bank that you have with checking and savings with

Post: How to Save My Airbnb in Divorce – Buyout Options?

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554

Refinance is one way to do it, if you want to avoid getting new debt because cash flow is high look into lease options to buy or executory contracts.

Post: I need a hard money loan

Devin Peterson
Posted
  • Lender
  • Posts 1,630
  • Votes 554
Quote from @Damein White:

Any referral for a hard money loan out in Ohio 


 Lots of great HMLs to connect with depending on what your needs are. I would recommend using a connected broker who can shop terms for you