All Forum Posts by: Issac San Miguel

Credit Cards or Private Money

Lenders will want to lien against the property.

 Several new construction lenders on the board.  As Bob said - experience is key. Happy to put you in touch. Thanks!

activefilings.com

my question is which markets will continue to cool (freeze) and which markets will level out.....

curious here - did the hard money company review your scope of work....and did you not vet the cost before closing the HML?

curious if they reached out?

 Nah nothing that I am aware of. 

I know of a first time investor option that does not require you to own a primary residence for DSCR.

I use lending wise daily - For the most part I like it. I'm a hard money lender.

Would Rec

Point of annoyance is the time saving information into the system - it takes a few seconds in between pages.

Mostly positive experience

We use it now as our origination, loan trading, and asset management platform.

It is time consuming, but I feel good about it overall

DSCR is going to take 21ish days to close - you could close it quickly (in 10 days or less on a bridge) - typically 30% down.

As others have said - go with a low doc DSCR. They do not care about your DTI, w2, or taxes.

Or if you are at risk of losing your earnest money and the contract, and really want to close it- a 1 yr bridge should be fairly easy to accomplish in tampa.