All Forum Posts by: Jason Norton

I recommend conventional. Down maybe more but your DSCR will greater with better ROI and less expenses on the settlement statement. I can answer your questions. Been doing real estate financing since 2012.

Very simple. I can answer any question.

I can answer any question you might have. DM me for answers.

Experience comes first. More than a few people are out there trying to do a loan. Some people can but most do not understand the paperwork from APP to Closing. I recommended having a relationship to insure they make the most off of each deal. 

We have a gentleman who recently has come to us and he is purchasing a property(plenty for down) and he has a 5 piece portfolio. I personally had a few conversations with him to show buying power. So 5 with a purchase turns into adding the purchase of 6 more properties. When done in about 90 days he should have 11 properties and still have money left over.

You must work for your clients first. More than you would think, clients ask for something and they don't see the expansion in what they have, for more residual and larger ROI as a whole. They can only see the deal infront of them and not 5 maybe 10 yrs down the road with 40 homes and a residual out the wa and the zu.

I love proper deal structure and a giving clients the proper info to make an educated decision on what's best for their business model. The conversations most of the time, clients build it themselves. They have never heard what they can do. It took conversation with the right person to realize what opportunity they have.

We have lenders to help. Have 3 I believe which would help. And a few don't have a grace period when done with the rehab.

Some even discount items on the settlement statement because they did the rehab loan.

We have clients doing anywhere from 2-11 flips just this month. Some are receipt based and some draw schedule. One couple expects to make 500k in the next 12 months.

All of our clients understand leverage and how to use it to their advantage.

I don't believe people are giving you the correct info. I would like to talk to you about how this really works. Education is key. With the correct info you can then make an educated decision on what to do for your LLC(ROI). Doesn't matter volume. I know of people in the same predicament.

We had a client just sell when done. She didn't want to have a low monthly return and her equity was small as well because of cost overruns.

Excellent idea. You can turn one space into a more cashflow area sometimes. 

We have closed loans for client and a lot of times the hot tub will not create appraised value unless you can, like Ken says, use it to create higher rents which leads to higher ROI.