All Forum Posts by: Joe Dillamore

Before diving into long term cash flow properties, I would like to clarify the finances needed in this economy of high rates. 

For the first property, I will use my primary home HELOC to purchase it by cash and then refinance the property to pull the cash out, and continue the scaling process. For long term rentals to cash flow, 15 to 30 year amortization would be required per my calculations. Hence, I would like to understand answers to below lingering questions:

1. If an LLC owns the rental property, are there loans w/ 15 or 30 year amortization where only rental property cash flow is considered by the lender instead of LLC's income/debt finances ?

2. If an individual owns the rental property, are there loans w/ 15 or 30 year amortization where only rental property cash flow is considered by the lender instead of that individual's income/debt finances ?

Thanks in advance

Hi All,

I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the property free and clear, my credit scores are low 800s, property is currently vacant. Last tenant was on housing and rents were under market. I just re-listed it for $1,900. Not interested in selling at this time.

I’m in a 50/50 partnership. Rural land in central texas. I’d put the value today at 1.2mm and debt is 200k. I plan to put it to my partner in the next year slightly lower than 1.2mm. I’m 90% certain she is a buyer at that price. In the event she’s not I’ll close and list it myself. I need advice on a good debt broker or bridge loan? It’s currently financed with capital farm credit. I haven’t spoken with them yet but doubt they offer what I’m looking for. I can bring 300k additional to the closing table if needed on top of my 500k in equity existing. What are my options? I can easily sell inside of 12 month. It’s highly liquid. 

Hi I'm wondering does anyone know of ways to which I can cash out refi within a LLC on a property that I own out right

 That's what I noticed. The better the credit score the better the terms. The good news is that I am really religious with my credit score so I've done my best to keep it high.

I see that the more active you are in that lender's business the more likely they'd like to keep your business.

I am always open to connecting with potential lenders to grow my network and hopefully, we can get a deal going together.

I'm looking to cash out on an investment property in FL, and came across these guys. They sound competent and provided a decent rate, but don't have many reviews, except for Yelp. Anyone have something on them either way? Thanks in advance.