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All Forum Posts by: Elyse Simpson

Elyse Simpson has started 1 posts and replied 23 times.

Post: Need help with your social media?

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Take a look at this great post that Real Estate Bees put out today! Tons of great tips on how to grow your investor side of social media and keep your posts relevant. I will definitely be using this for reference.

https://realestatebees.com/mortgage-social-media-content/

Post: Property Management Needed

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Hey, Donald! Cream City Stays would definitely be able to help. I just sent you a connection request - I'll send you their contact information.

@Ben Chung - this is definitely something that can be possible. I would definitely expect a slight increase in the rate, but it is doable. Reach out to Peak Choice Capital - they should be able to help!

Hey, neighbor! Joliet processor and investor here! 

I think your list is great! It's always good to know what you are getting into because this will be a relationship for you. Best of luck!

Post: Duplex interest rates

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Hey, Meredith! Sending you a message!

Hi, Shawn! I'm sending you a message!

Post: No Doc Mortgage Companies? Any Good Suggestions?

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Hey, Brian! I sent you a message.

Post: 15% Down DSCR Loan Specifically for STR

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Hi, Anthony!
In my experience, 20% is needed for 30 year DSCR loans. If you're set on the 15% down, a bridge loan would be your better bet. The interest is higher, but you could always refi into a 30 year.

Post: Mortgage on Rentals for Self Employed

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7
Quote from @William Stewart:

@Nick Velez Would you do a dscr loan on a manufactured home deeded to land in sc @Elyse Simpson


 I will send you a message, William.

Post: Mortgage on Rentals for Self Employed

Elyse SimpsonPosted
  • Lender
  • Joliet, IL
  • Posts 33
  • Votes 7

Hey, Kenneth!

A DSCR loan is your best bet. I'm sending you a message now.