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All Forum Posts by: Jesse Rivera

Jesse Rivera has started 24 posts and replied 459 times.

Post: Need funding for ADU conversion

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

What would be your total LTV with the 60k? Might see if you can do a cash out DSCR.

Post: New Partnership Model

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

Love this business model. I used to do this in Portland OR, for flipping. Most investors will jump at the chance to do this. 

Post: SFH & STR Rentals in Denver Metro

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

Welcome to Biggerpockets! You're at the right place to become a successful investor.

Post: Sell or keep income producing duplex

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

If you have a good property manager:

DO NOT SELL!



DO NOT SELL!



DO NOT SELL!



DO NOT SELL!

Post: Non Recourse Loan

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294
Quote from @Kwanza P.:

Anyone with experience (and/or referrals to lenders) with non-recourse loans? I live in California but am looking to invest in Texas, Alabama. 


 I have a couple lenders that can do non recourse. Message me and we can chat.

Post: Non Recourse Loan

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294
Quote from @Erik Estrada:

Why do you need a non-recourse loan? They exist but they are mostly for commercial properties. 


If you buy an investment property with your IRA, most require a non-recourse loan.

Post: HELOC to fund a rehab?

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

I work with a credit union that does HELOCs nationally. Rates as low as 7.25, depending on credit score and LTV. Shoot me a message and will give you his contact info. I am only licensed in CA so cannot do it for you.

Post: Insurance advice for 6 unit apt complex in CA

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

I have a couple insurance brokers that may be able to help. Message me and I'll send their contact info.

Post: New investor with low to mid capital

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 492
  • Votes 294

Are you a real estate agent? Do you work full-time?