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All Forum Posts by: Dustin Lauer

Dustin Lauer has started 4 posts and replied 317 times.

Post: Cash purchase and refi

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115
Originally posted by @Nathaniel Hernandez:

Hello everybody, I wanted to know how long you have to wait to refi or get a line of credit on a property when you buy the house cash or with a hard money loan? Im interested in purchasing a property cash with either my money or a hard money loan but I want to refi or get a line of credit as soon as possible. In Paterson NJ.

You don't have to wait, but sometimes there are benefits to waiting that aren't easy to identify (example - appraisers are conservative, so just because a lender doesn't have seasoning requirements, doesn't mean you will get the refinance you want if an appraiser doesn't see the short term increase in value that you believe you have achieved...   Outside of conventional lending, it all depends on each lender's requirements.  Some have none, some have minimum investment requirements for your cash left in the deal (skin in the game)... And oddly enough this is information you have to dig for with most lenders as refinance seasoning requirements isn't often explained on everyone's websites.  I'm happy to help if you want to share some of the numbers on your transactions and what you are trying to accomplish specifically.  Feel free to DM me if you want or in the thread is great too in case it can help anyone else with similar questions.  

Post: how to finance more deals

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

@Cynthia Ng Whether you refinance as a blanket or one at a time, and how you accomplish this really all depends on your financials and your plans for the funds.  I would be glad to help answer any questions for your scenario as I have helped hundreds of clients with refinances to know what their best options are in their individual scenarios.  Feel free of course to DM me as well if your questions are more specific to your personal financial scenario.

Post: HELOC to do a BRRRR

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

@Bradley Adams I'd be glad to see if I can help you work through the details no matter who you end up working with. Connect with me on BP as well and we can direct message for any questions you have on what you're trying to accomplish (I think it's a good strategy today with still cheap interest rates on HELOCs so you have cheap cash available for other ventures).

Post: Portfolio Lender

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

@Adam Adams Ohio is a favorite state of mine for rental property financing.  Those are particularly active markets you are investing into and I'm happy to provide any vendor referrals there for property management, insurance, etc... as I've been financing there for a couple years now... I'd really like to connect with everyone on this thread!!!  @Noam Adler 

@Wendell De Guzman  

Post: In 3 words, describe your 2017 Real Estate goals

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115
Finance every goal on this thread

Post: 3 Duplexes in Great Part of Dallas, TX!!

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

@Tim Ball glad to help if I can on this transaction.  

Post: Looking for Hard Money or Private Lender in Indiana

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115
Where are your investing in Indy?

Post: Looking for Hard Money or Private Lender in Florida

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115
Great and Tampa/St Pete is definitely a favorite market of mine in FL if I can help

Post: Looking for Bank in Indianapolis

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

Curious @Clay Manship who did you recommend for this deal?  Do you mind sharing?

Post: Portfolio lenders in Indianapolis?

Dustin Lauer
Posted
  • Lender
  • Orlando, FL
  • Posts 340
  • Votes 115

@Mike Day curious if you ever got this figured out and where if you did.  I know it was a couple years ago that you posted this... haha, but still curious.