All Forum Posts by: Miranda Holland

Hello everyone!

I'm interested in buying a property. The thing is, I don't have the money for the closing costs. I think its a lot to be able to come up with that type of money when you don't have access to it, and you know the property that you want to buy is a great deal. Unfortunately I don't have money just laying around in an account somewhere to be ready for closing. 

Does anyone know of any private money or hard money lenders that roll the closing costs into the loan?

And to all the creative and genius investor minds out there, what's the best way to handle a situation like this when someone wants to buy a property but just doesn't have the conventional means (Good Credit and Money in an account) to go through with the purchase?

Hey! I’m a new investor currently working on building out my team. My realtor recommended a lender and after speaking with them, I’ve been pre approved with an interest rate of 6%. That seems a little high and I want to shop around to find a better rate. My fear is that shopping around will result in multiple credit runs and I don’t want my score to drop. Any advice on how to intelligently shop around?

Searching for a private or hard money DSCR lender for my property in Spring TX. Needs rehabbing to rent, or sell. Anyone know of any lenders for this Property? It has quite a bit of equity.

Thanks Leona

I've looked and looked and fought off scam after scam trying to find the ever elusive, "100% funding" company to partner with as a beginner. I already have a property under contract but do not have funds for a 10%-15% down payment on a loan that will still then leave me 10%-15% short on total cost plus whatever closing costs may be. So I ask you, BiggerPockets pros, does 100% funding actually exist and if so who can get me started with an application today? 

I should add that I am in Ohio

Does anybody know of any commercial lenders offering 80% ltv with a 25 year amortization?

This is for a 5 unit apartment building in Maryland. 650k purchase price.

If you're already in a Fix & Flip project, but you need additional capital due to unforeseen circumstances how do you raise that money to complete a BRRRR that you already started.

Hey BPers,

My wife and I are looking to make a big push on our rental portfolio and are looking for recommendations on a mortgage broker that we hope to be able to work with long-term. We will have a mixture of cash out refi's (BRRRR) and conventional loans (buy and hold). We are located in Northern Virginia.

We are looking for someone who is reliable, a good communicator, and has creativity in finding the best mortgage option for each investment situation.

Welcoming any and all recommendations!

 Yes I have a family and needed the space. 

Hey BP! Going through a refi / delayed financing on a property I recently rehabbed and I am just comparing numbers as they seem a little elevated even in the current times. SFH investment property.
30 year fixed / 75% LTV / total loan 265K - great credit. Interest rate is at 6.65% which seems a little higher than current rates, but loan origination fees with points total $4,253. Loan officer is a friend and has been great in terms of creativity so if this isn't totally out of line I will continue on but just wanted to do due diligence. Also curious if origination fees are often negotiated or should I leave it alone. I am located in Maryland. Thanks