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All Forum Posts by: Noah Wright

Noah Wright has started 0 posts and replied 129 times.

Post: LLPAs for Vacation Home Loans

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

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 143
  • Votes 67
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 143
  • Votes 67

Absolutely, happy to help --

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

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

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.

Post: Flip Loan conversion into DSCR loan -

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67
Quote from @Shayne Hickey:

Does anyone have a recommendation of a lender that does a flip type loan that has the ability to roll into a DSCR loan? All of the lenders in my network says it doesn't exist anymore. Just putting the feelers out if anyone has the ability. Thanks in advance!


 Absolutely! Happy to help --

Post: Canadian Lender Finder?

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

Have you considered joining America? Jokes aside, RBC is usually a solid first choice.

Post: Im running into road blocks with lenders regarding BRRRR method

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

Absolutely, we do this all the time. Happy to help --

Post: HELOC or Home Equity Loan lenders

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

Absolutely, happy to help --

Post: Private Money Needed

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

We have a wide array of funds available - happy to help.

Post: should i use hard money to grow quicker

Noah Wright
Posted
  • USA, Nationwide
  • Posts 143
  • Votes 67

There are hundreds of hard money lenders out there, ultimately I'd work with someone who has time to focus on ensuring you get a tailored mortgage instead of a cookie cutter solution. Happy to connect on this --