All Forum Posts by: Eric Nelson

Hey Clay, I think it is important to align your financing according to what your overall objectives are and how soon you want to accomplish them.  As a mortgage professional, I am very familiar with both conventional financing and velocity banking.  Conventional financing is typically pretty straight forward and the financing you obtain really depends on how much capital you have to put down on a property.  On the other hand, velocity banking is a strategy that can be very effective if the person implementing this strategy has the discipline to execute the all the moving components.  At the end of the day it comes down to the individual investor.

With that being said, there are other mortgage options that are available to investors if you would like to speak off-line.

Hey James, sounds like you potentially have a great source for deals.  I have contacts in the DFW area as well in the Los Angeles area that might be interested.  Regarding your call on Monday, the key things to find out is their process and investor criteria.  Once you understand that, then you will have a better understanding of the type of investor you need to bring to the table.

Hey Adam, what exactly are you looking to do?

Hey Heil, I believe I can direct you in the right direction.  DM for more information.

Hey Dustin are you also interested in commercial lots to build multi family in the Dallas area?  If so, DM me.

Hey Jim, there is a company that does first lien HELOC on primary, secondary and investment properties of 1-4 units. Also, this loan works better that the velocity banking concept. For more info reach out to me.

Thanks

Hey Edward, where are you currently looking to purchase a multi family? The key to excellerating you retirement is not just about finding the perfect property with a decent ROI, but making sure to get the appropiate investor loan to go with it. If you get the right loan you will be able to pay off your property in 1/3 of the time, which would allow you to go out and find additional units to purchase.

Hey Leopoldo, if you don't mind me asking, what is the value of your investment property and how much to you owe on it? If you have at least 25% equtiy, 720 fico and a 40% DTI I might have a solution for you.