All Forum Posts by: Nicholas Ruscio

Hi Abbie, 

One of the best ways to secure funding is to work with a broker who can help you shop loans. If you have any questions about available loans for a specific property please do not hesitate to reach out. 

Thanks, 

Hi Owen, 
We specialize in providing loans for short term rental properties. Please feel free to reach out and we can discuss more in-depth numbers. 
Thanks, 

Hi Brian, 

Exciting times ahead! We specialized in providing loans for rental properties. Please feel free to send any questions my way. 

Thanks, 

Hi Bernadeau, 

Depending on your experience the market low is 8-8.5% with a 20% down payment. If you would like me to look further into a specific property for you please let me know! 

Thanks, 

Hi Gina, 

Excited times ahead. Congratulations on taking the first step to growing your real estate portfolio. 

Most likely purchasing a rental property with a DSCR loan will be best for you. These are typically 20% down with an interest rate of 8%. We specialize in providing rental/commercial loans. If you have any questions please do not hesitate to reach out.

Thanks, 

Hi Lana, 

Retiring early from rental properties is a smart way to go. Here are some options for you

-You can transfer the ownership of your primary residence to an LLC. This will free you up to qualify for a FHA loan. You would have to obtain a new license with a different address.

-Do a cash out refi on your primary home to pull a DSCR loan for another property. Since you are an experienced home owner you could certainty get a rate below 13.5%.

If you are interested in discussing further please let me know! 

Thanks, 

Hi Eric, 

Why are you looking to get a DSCR loan? Please feel free to PM more information about the property you are looking to purchase and the purpose? I can definitely help you in your search.

Hey Luca,

Congratulations on successfully leasing your rental property in Detroit. I would continue to implement the BRRRR Strategy to grow your portfolio.

BRRRR Strategy: Continue with the Buy, Rehab, Rent, Refinance, Repeat strategy to recycle capital and acquire more properties over time.

When adding an investor it is important to outline the level of involvement this person will have alongside contributing funds. Typically a property management company will take 8-12% of all property rent collected. If each of you are splitting the property 3 ways you could argue that you and your original partner keep 70% of the revenue while the investor keeps 30% due to the fact you will be running the property. 

Please feel free to reach out with more specific details about the property and we can work together to find a loan that best works for your team. 
Thanks

Hi Andrew, 

First and foremost, congratulations on successfully leveraging the real estate professional status and the benefits of the cost segregation study. While it has undoubtedly brought attractive tax savings, I understand the concerns you've raised regarding its impact on qualifying for a conventional loan for your primary residence.

I may be able to help. Those broker fees are high! Can you please provide me more details about the property? (Address, purchase price, your total monthly income)

Thanks, 

Hi Jonah, 

I wish I had your brains when I was in college. Please feel free to PM the property details and I can help you locate a loan. What kind of personal business are you going to start? 

Thanks,