All Forum Posts by: Mitch Davidson

Hi @Scott Deetlefs. We have some great options here in Asheville if you want to reconnect once you're local.

Hi @Ben Miller. I live near Lake Lure, and can help you with a DSCR loan (and resources and referrals as well).

We (Movement Mortgage) have an amazing DSCR program. No prepayment penalties for one thing. No restrictions or issues regarding rural properties, or cabins, short-term rental, first time investors, etc. And we underwrite them internally, so much more upfront assurance that the deal will work. Also, because we’re the most common lender in the area, our preapproval letters can be helpful in getting your offer accepted, because the seller’s agent will know and trust us.

I’ll send you my contact information in a direct message.

And if you’re in town sometime soon, I’d love to meet you to one of the two monthly BP meet ups that I host here in Asheville.

Sage advise here, @Travis Timmons. @Yair Zarmon I'd add that you need to put some sort of value on your time. Even at a low rate, 500 hours will surely cost you more than it'll save you in taxes, no?

@David Aylor I live and invest here in Asheville, and we, Movement Mortgage that is, can help you with this. Our in-house DSCR programs allow for STR income qualification, and also allow for cashouts on properties that don't have a performance history or are otherwise vacant. And perhaps best of all, we don't have prepayment penalties. I'll send you my contact info in a message.

Hey Tyler. I'm happy to intro you to a variety of people here in Asheville that can help you if you want to call me. I'll send you my number. And if you're in town for one of our twice-monthly BP meetups, I'd enjoy meeting you at one of them.

Sounds good. Sent you a message.

Hi @Brooke Morton. United Federal Credit Union is the best option in my opinion. I refer business to Jason Chambers over there quite often. Movement Bank, a sister company to the one I work for (Movement Mortgage) is great as well. And as a third option, AgFirst Farm Credit is an option. I'll message you some contact info for these. And we'd love to have you visit one of our local BP meetups sometime soon.

@Lisa Hart. You've traversed some crazy times, moving here just before the storm, buying a place in Swannanoa, etc. Anyways, I saw your note about networking. We have a couple, roundtable type meetups herein Asheville every month, the next of which happens next Wednesday (2/26) morning at 9AM at Citizen Vinyl. No need to RSVP, but if you want to you can do so at our meetup.com page, titled Bigger Pockets AVL Meetup. And if you message me your email address I'll add you to the list we use for events announcements. 

Hi @Cody Vlaun. Chad at Pisgah Home Inspections can handle this type of project. I confirmed just now with his wife, Ashley. She handles his schedule. I'll send you her contact info by DM. I might have another option for you as well, but am waiting to hear back.

Good point. @Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan.