All Forum Posts by: Jon Ankenbauer

 Thank you, @Sarah Hatton. Sounds like I need to do a little more research. I am not familiar with the difference between DSCR and conventional lending. From the way your response was worded, I am guessing the loan programs offered may differ by the specific lender?

 Thanks, Nick.  I am not currently working with a broker.  I just started my journey to get financing details when I came across my question above.  Doing my due diligence to plan ahead as much as I can.

 Thank you, Jay.  Yes, he was saying that because it was a hard money loan that there was no seasoning requirement.  From what I had read that didn't sound correct.  Thanks for the info.

I am looking to complete a BRRRR (is it still possible to do these??) and have started calling on local credit unions to discuss the refinancing portion of the transaction. In my most recent call I was told that if the original loan was secured using hard money then no seasoning period would apply since that is a Freddie/Fanny regulation. Is this true? Do seasoning periods only apply when using traditional financing?

Hey @Matt M., I am going to have to agree with you Angi's input.  I don't have a set part of town at the moment but am looking in the metro area.

Thank you @Angel Gonzalez!  I will give Scott a call!

Thanks for the input @Grace Wang.  Unfortunately, I have been having issues with companies calling me back which what has led me to look for recommendations outside of Angi's.

Hello BP, I am looking for recommendations for a general contractor in the Denver area that would be able to take on a flip of either a SFR or a small multi-family (2-4 units). Thank you in advance for your recommendations!

Hi @Jeff Zinsmeister, I would love to meet up and grab a cup of coffee! I would be interested in hearing the options you think might be able to make this work!

I will reach out through PM.

Thank you for your insight @Colin Smith!

I had not thought about assuming the loan.  I will have to take a look into that option a little deeper.

I also like the idea of seller financing a portion and taking the property "subject to". My goal in the structuring of the deal would be to ultimately leave my grandparents with a passive cash producing asset so that they still have the benefit of the income without the hassle of being a landlord.  That was the reason i originally thought i could combine the seller financing and the conventional loan.

Thank you for the help!

Hey @Andrew Postell, thank you for responding!

Yes, I do have plenty of cash in savings for a down payment.