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All Forum Posts by: Graham Parham

Graham Parham has started 2 posts and replied 47 times.

Post: If you were me.....

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22
Price$150,000.00$150,000.00
Interest RateCash5.000%
LTV0%80%
Down Payment$150,000.00$30,000.00
Loan$0.00$120,000.00
Monthly Payment (P&I)$0.00$644.19
Monthly Rent$1,500.00$1,500.00
Vacancy 8%$1,395.00$1,395.00
Management 10%$150.00$150.00
Net Cash Flow – (P&I)$1,245.00$600.81

By paying cash for one property for a $150,000, your net cash flow is $1245. By putting 20% down with an 80% loan to value in a 5% interest rate your net cash flow is reduced to $600.81. Let’s not stop there. Keep in mind that 20% down payment on the hundred and $150,000 home was only $30,000. If you bought FOUR $150,000 homes and put 20% down on each with the same loan terms and monthly rents you could increase your return on investment $1158.24 a month. Invest your money wisely.

Find more information at www.georgiainvestorloans.com

Post: New Investor in St. Louis

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

No problem. Call me anytime

I agree with Michael. Some lender want to loans that small, but we do. www.texasinvestorloans.com

Post: Best financing strategy for this deal?

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

Hard money would be you best bet. Be careful on the flip. If the market is truely $118-120K then you should be ok. If you do no rehab, the appraiser may use your sale as a comp.

www.texasinvestorloans.com

Post: New Investor in St. Louis

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

I am an investor myself and work with investors. Many that are in the St Louis market. My main business is providing loans to investors. I think you are being mislead by you current lender about the season of being a landlord for a year. We give you rental income back on the subject property day 1. www.missouriinvesorloans.com

Yes I can do one of your current properties as a cashout. I can also do your 6thy property ans a purchase. Cashout 75% LTV and purchase at 80% LTV. Number 7 - 10 would have to be at 75% and at that time on a delay financing would be available for a cashout if you need it. http://www.texasinvestorloans.com/non-seasoned-cash-out-refinance-program-2/

That is incorrect. We allow for cash out loans for investors up to 6 loans. We can certainly help you. www.texasinvestorloans.com 

Post: renting out all of a fourplex

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

Yes. You will have to put down 25%. The rate will still be good if your credit is above 740. www.georgiainvestorloans.com 

Post: Financing after short sale (FL)

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

No. We do then after 4 years. I can help you. I do loans in Florida all the time and there is no difference by state. 

Post: Foreign Partner Update

Graham ParhamPosted
  • Lender
  • Dallas, TX
  • Posts 68
  • Votes 22

I would go with what your broker said. All Fannie Mae & Freddie Mac lenders want allow for a gift. You would have to seasoned it for 60 days. The lender will want to source all of you large deposits. If the deposit is on your bank statement, then you cannot use funds.