All Forum Posts by: Leon Y.

Thanks I will start talking to local banks and see what they can do. I could also look into private capital but have no idea where to start, any suggestions Aaron?

Hi everyone,

I am a real estate investor located in Las Vegas. Have been following the forum for awhile and am very amazed with the amount of advice and tips provided here. Keep up the good work!

I would love to hear from you guys about the situation I'm currently having:
My family and I have transferred money from my family's country (I'm a us citizen and my family permanent resident) to purchase residential properties in Vegas all cash. However, now it had been 6+ months since we started and we would like to take the money out to purchase more properties. But neither of us could report a very high income. Nevertheless we have 6 properties (1 reside, 3 rentals (9%, 10%, 18% noi), 1 on market, 1 under rehab) we would like to do a cash out refin on. What do you recommend us to do?
Do you think going to a loan portfolio lender might help? Or do I have to go through private lenders until we build an income amount necessary for conventional? The only thing is that we think the market would only be this low for another 2 to 3 years so we would like to maximize the number of properties we could hold so to build a history might take time. I wonder if any of you guys go through the same issues and what you did to get around the financing roadblocks.

Thanks and I appreciate all your help!