All Forum Posts by: Joe Bruck

Are there no doc lenders that will do long term cashout financing on rental property with No seasoning requirement?
(or at-least Reimburse the cost of purchase & rehab)

Joe you said it very well... many investors in Baltimore city will tell you they average $300-400/month after all the gimmicks....

'In a nutshell' A class neighborhood is negative cashflow  & positive appreciation, C class is the opposite

I'm looking for a reliable competent property manager in the rougher neighborhoods of Baltimore city?

At the same time I'd like to know who are the bad guys?

In challenging neighborhoods its probably better that the tenant doesn't know the owner but in better stable neighborhoods its probably a good idea to develop a direct relationship with your tenants 

The new rates for no doc cash-outs post corona is 60-65 ltv, 7-8 apr, 2-3 points

The address of the lender is a 'Virtual Office address'.... , minimum Fico is 350... 

Anybody has a update on long term non qm financing?

Are there any lenders that are currently doing long term non qm cashouts?

the properties are in Baltimore

(my bad i forgot to add it..)