All Forum Posts by: Jamie Ware

From my understanding they do here is my contact there

Kacie Riley

Account Executive

Visio Lending | www.visiolending.com

I know of a lender that will cash you out when the property is rent ready and you been on title 30 days. up to 75% so you don't have to wait that 6 month seasoning period.

looking to work with a private lenders in PA please message me

There are some programs that will allow an investor up to 10 financed properties.  Not a lot of lenders do this program however they're available.

I do understand WHY not many lenders are taking on that HUGE risk.....

I guess that's the misunderstanding for many newbies. If they have a deal where they can purchase and rehab and be under the 65% ARV why aren't there Many lenders doing those deals? At least state that the 65% is Purchase price not After Repair Value. That's just misleading in my opinion.

Very good question Pete. I would like to know the answers to this question also.

Congrats @Rocky V. 

Rocky,

I would say this seems like a great deal for you and a WIN for them.  This would be a "gut" decision.  I would say YES go for it because they're putting up two properties that have value.  Now you become the back.  Do you have any RE Attorney friends that you could consult?  Just to cover yourself?  In the short-term this could be a good relationship building opportunity for you and them.  Let me know how it turns out.

@Upen Patel is 100% correct. This would be your best option especially with the extra funds to paydown the principal ($25k).