All Forum Posts by: Lisa Barker

@Elise Marquette thanks for the additional information. 

@Ryan Howell thanks for the reply ... both in sharing the term "Asset based Lender" as its difficult to know what you're looking for if you don't know what something is called and for providing an an example of the delta in terms.

@David Kelly I would be transitioning into real estate full time. 

Thanks @Jonathan Styer as that was what I was hoping to hear.  Those are the sort of lenders I need to start tapping into.  And yes, that'd be a great deal!  If you're going to use an example, why not a home run? ;-)

Broadening my investment strategy to include buy and hold without tying up all of my cash. In the past I've used traditional lenders as I'm a W2. 

For simple math sake, say I buy a property for $100K (assume traditional mortgage), fund a reno of $50K with cash, ARV is now $250K... my understanding is that I would need to season the property for 6 months then do a cash-out refi for say 80% of the ARV or in this case, $200K.

What if after 6 months I am no longer a W2... it would appear from the folks I've been in contact with, this would not be possible. 

Thinking I may be dealing with the more traditional side of lending?  Looking for help identifying the segment of the lending market (other than hard money) that would provide a competitive rate in this scenario.