All Forum Posts by: Noah Wright

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

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

Absolutely, happy to help --

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.

 Absolutely! Happy to help --

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

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

Absolutely, happy to help --

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

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 --