All Forum Posts by: Helen Mastanduno

Hi @Helen Mastanduno, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

welcome. i'm not to far from you as i'm in morris county nj as well but most of my properties are in essex county nj. would love to conenct and see how i can help

Happy to connect! Shoot me a DM

@Helen Mastanduno Welcome to Bigger Pockets!

My best advise is to go out and network at lot!!! By networking you will meet a lot of real estate professionals, get an understanding of what they do and build good genuine connections. Second, connect with a local agent and go out and see some houses so you understand what homes are worth! Lastly, read a lot of books, listen to podcast and educate yourself. Best of luck and happy to help with any construction related matters! 

You can go 100% for the acquisition and rehab as long as you have experience in the last 3 years and you're not more than 70% of the ARV.

That money is not cheap, but it's out there.

In my experience, I've never come across a lender who would offer 100% financing for both the purchase and rehab. Seems too risky IMO unless they charge an exorbitant amount in fees at exit... but who knows, maybe they're out there. I typically see lenders offering either 90% LTC or 75% ARV LTV with the rehab 100% financed, depending on experience and what not.

I flip a lot of houses and I've used a handful of lenders to do this. Typical terms nowadays are that they fund around 65%-75% of the purchase price, and then 100% of the rehab.

I've never heard of a lender offering 100% financing on a deal. Not sure what the other posters in this thread are talking about.

The only way you can pull off 100% financing in my experience is if you bring in hard money(or similar) to fund 65% of the purchase and 100% of the remodel, then bring in private equity to fund the remaining 35% of the purchase.