All Forum Posts by: Natalie Gelbke-Mattis

Hi there - i have not disclosed a 2nd lien HELOC to my 1st liendholder as my Mortgage allowed for subordinate financing. Check your Mortgage docs as it my be allowed.

Are there Asset based loans (DSCR loans) available for purchase of an investment property that does NOT have a previous rental history. The property is located in a tourist area and is lakefront, but seller had as their 2nd home. If this is possible, what lenders would entertain this deal?

I have an opportunity to purchase a very successful vacation rental in Ohio, however i have two hurdles to overcome. 1. my DTI may be a little too high (self estimated at 47% with new proposed loan amount).

2.  The property is located on Leased Land therefore doesn't qualify for a traditional conventional mortgage.

Any Asset based lenders out there that would consider this deal?  Any guidance will be super helpful

I have a single family rental that is in my mom's name, but I have been solely managing for 10 years. I collect the rents, report the income and pay all the expenses. I attempted to do a cash out refi into my LLC, and was told all i needed was to add my mother as a minority member to my LLC to properly transfer the deed. This does not work because they wanted to record a Quit Claim deed prior to closing, and that could invoke the due on sale clause in the Mortgage. I attempted to do a cash out refi on another one of my rental properties, and cannot find a lender who lends 80% LTV for a cash out refi. What financing options do I have besides just obtaining a personal loan. I can do a "purchase" but that would require 20% cash down, which I do not want to do right now. I need 60K to payoff my mom's mortgage and place the property into my LLC.

Hello - I have been managing my mom's rental for almost 10 years and want to transfer to my LLC. There is a lien on the property and my mother is the Mortgagor. Can I refinance with cash out into my LLC? Not sure what kind of road blocks i might hit. I am working with Tidal Loans on an attractive long term fully amortizing rental loan so I don't want anything to go south.