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All Forum Posts by: Noah Wright

Noah Wright has started 0 posts and replied 115 times.

Post: No Experience Fix and Flip Financing

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63
Quote from @Ralph Trinidad:

Looking for 90% acquisition cost which will be about 50% ARV. No need for rehab financing. The guarantor on this loan has no previous experience however the person running rehab has 10-12 flips experience in the past 24 months but will not appear as a guarantor because of credit. Anyone offering this? PA property. Thanks.


 Absolutely! Happy to help --

Post: Refinance portion of brrrr

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63
Quote from @Troy Smith:

I’m almost done with the rehab on my first brrrr property. When should I refinance? Should I wait until it’s rented first or just start the refinance process right away?

This is my first Brrrr


Hey Troy! Great question. We have a solution for this where you do not need to wait to cash-out at normal 30-year interest rates! Happy to help, feel free to call --

Post: Investment Property Refinance - New York 100k Value

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63
Quote from @Jamie O'Connell:

Hello!


 Hi Jamie, Absolutely. Happy to help --

Post: HML Beginner friendly

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63

Absolutely, happy to help --

Post: Refinance my rental property

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63
Quote from @Andrew W.:

 Hi Andrew, thanks for the question.

We specialize in investment real estate lending.

Post: Refinance my rental property

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63

We specialize in this specific issue, actually. Happy to help --

Post: LLPAs for Vacation Home Loans

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63

Cost of doing business. Different banks/lenders are going to have marginally different numbers, but as long as you're not getting an exorbitant interest rate, it's going to be more-or-less negligible. You'll find much greater difference in $$$$$ by refining your location/rehab/vacancy strategies instead of worrying about "how much it costs to borrow money" in this environment.

Nearly all of my clients are more concerned with a simple and headache-free funding process, than the "lowest rate." When your rental income is 1.5-2x the mortgage payment - as is typical for highly refined STR strategies - they're basically not concerned about the mortgage payment. It's more about how to multiply the number of homes producing that cashflow.

Bless

Post: Help Me Close On My Loan!

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63
Quote from @Jennifer Fernéz:
Quote from @Noah Wright:

Absolutely, happy to help --

Thanks! What is your preferred method of contact and when is a good time?

 I have some time now if you'd like to hop on a call

Post: Help Me Close On My Loan!

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63

Absolutely, happy to help --

Post: Choosing the Right Private Money Lender: Key Factors to Consider

Noah Wright
Posted
  • USA, Nationwide
  • Posts 129
  • Votes 63

Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.

Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.

I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.