All Forum Posts by: John O'Leary

*Debt

@Jay Hurst Non-Recourse loans still require a personal guarantee but do not affect DTI because it's not considered personal debit. It's worth noting that the exclusion of non recourse debt from DTI ratios is not the case with all lenders.

@Jay Hurst There is personal guarantee, but the loans are not reported to credit agencies. If they choose a recourse loan it might report in the event they default, but not if they are in good standing. There are non-recourse options also. If there was a hard pull they would see the inquiry, but that's it. 

If you are looking to do this in CA American Heritage Lending is a great option. 

@Mark Munson can help. He's in Central Florida. GL!!

Elite Indy Realty group is fantastic. Ask for Chris Duke (owner) and let him I know I referred you. 

@Christopher Bawiec I just send you a DM. Im also in Orlando.

Hi Christian,

Having a smart business plan is essential for growing a rental portfolio and keeping the assembly line moving, especially in todays real estate market where the BRRR strategy may be tougher to execute due to longer seasoning requirements and lower cash out LTVs. I recommend finding value add opportunities, and off market deals to make things easier vs turnkey rental opportunities. GL!!

Hi Olivia!

The NCREIA in Charlotte and Raliegh are fantastic. They have plenty of off market inventory and great guests each month. We are vendors there and I can say first hand it's a great community to network within. GL! 

Peak Title is fantastic. They are an investor friendly title company out of Orlando but they handle of our Tampa closings. Reach out to Heidi Tonkery at 407-901-3739. Let her know John from Capsource sent you. FL