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All Forum Posts by: Oliver Carey

Oliver Carey has started 1 posts and replied 78 times.

Post: Starting out in Chapel Hill, NC

Oliver CareyPosted
  • Lender
  • Posts 86
  • Votes 30

Hard Money/Private Money can provide up to 80/85% LTV on Purchases and up to 80/85% LTV Refinances at rates starting at 4% with a great FICO and can close in 2 weeks low doc and no do options

Here's a better way to structure the deal since they are willing to owner finance - SBA can fund up to 90% of the PP for 25yrs low interest as long as the property DSCR is 1.25 - use your funds or seller concessions for the down payment needed

Post: I’ve decided to jump into real estate - help!

Oliver CareyPosted
  • Lender
  • Posts 86
  • Votes 30

You can get started easier and sooner if you structure your deals/offers creatively

Hard Money/Private Money can provide up to 90% PP and 100% Rehab that can be advanced at closing or reimbursement style draws and can close in 2 weeks

- How to avoid scammers - Due Diligence

- Best way to build a relationship - Interview and Conversation

Is the first deal usually 20% down or can I avoid that? - 10-20% depending on the property location, # of units, FICO, experience

Price out your deal to make sure the numbers make sense and you have the cash to close before approaching a lender

Post: Financing for first flip

Oliver CareyPosted
  • Lender
  • Posts 86
  • Votes 30

Hard Money/Private Money can provide up to 90% PP and 100% Rehab that can be advanced at closing or reimbursement style draws and can close in 2 weeks

Hard Money/Private Money can provide up to 90% PP and 100% Rehab that can be advanced at closing or reimbursement style draws and can close in 2 weeks

Hard Money/Private Money can provide up to 80/85% LTV on Refinances at rates starting at 4% with a min 550 FICO and can close in 2 weeks low doc and no do options

Hard Money/Private Money can provide up to 90% PP and 100% Rehab on Fix & Flips that can be advanced at closing or reimbursement style draws and can close in 2 weeks - Refinances starting at 4% with a great min 550 FICO and no seasoning for BRRR

Does your current portfolio have enough equity to cross collateralize or cash out refi?

Hard Money/Private Money can provide up to 80/85% LTV on Refinances at rates starting at 4% with a min 550 FICO and can close in 2 weeks low doc and no do options