All Forum Posts by: Joe Bruck

@Joe Bruck - I work with a lot of lenders and I know of none that go up to 80% LTV. 75% is the highest for cash out refi. And that depends on your FICO, seasoning, and DSCR.

Penfed will do 80% LTV the caveat you can't own 4 or more properties ,

0 Votes

Will lenders do a cash out up to 80% ltv on investment properties?

0 Votes

great thread

0 Votes

Is it possible to do a chasout refinance on a 10-20 unit apartment bldg by only increasing stable tenant occupancy.

To rephrase my question will lenders consider tenant occupancy as added value to the property?

0 Votes

Originally posted by @Roberto Costa:

@Jill Herges

I do 5/5 ARMs with my rental properties. They have to be in my name and not the LLC which I use only to do my fix and flips. My FCU requires 10% down and no MIP.

which credit union do you use?

1 Vote

would you mind updating us?

0 Votes

getting of topic...

How where you able to finance a property using a personal loan as the down payment?

0 Votes

Originally posted by @Aaron Smith:

Is there any type of loans out there that I could get given my situation that wouldn't require an onsite appraisal? Like anything that would use rental income or just a desktop appraisal? Any ideas would be great. I am in NC.. Thanks!

I'm in a similar situation like you, and there are options out there for you.

Just out of curiosity did you cashout?

0 Votes

All Forum Posts by: Joe Bruck

Joe Bruck has started 18 posts and replied 58 times.

Post: How to file out of state taxes

Post: 80% ltv cash out on rental property

Post: 80% ltv cash out on rental property

Post: 80% ltv cash out on rental property

Post: Refinancing Baltimore City Rental property

Post: Apartment bldg refinance appraisal

Post: LLC Refinance

Post: Refinancing for a cashflow multi-unit property in Detroit ?

Post: For a cashout refi - Are all LLC expenses included in P&L?

Post: Commercial/blanket/portfolio Loans that Don't require Appraisal?