All Forum Posts by: Oliver Carey

Portfolio Lenders typically look for DSCR of at least 1.0 depending on the area where the properties are located and their values - Min property value for each property $50k and up to 20 properties per portfolio loan - more if properties are in a huge metro area with high demand

Purchase Price + Rehab should not exceed 75% LTV most lenders will lend 90% PP 100% Rehab Reimbursement or Cash Advance style

Budget for 10% Down + Closing Costs - Flip or Refi and hold as a rental property

Make sure to calculate selling fees prior to signing a contract or placing an offer and include contingencies in your contract to protect your earnest money deposit in case issues come up with the property once the appraisal is complete

@Max T. is exactly right

Investment Property Cash Out Refi are up to 80% Cash Out with Private Lenders

Owner Occupied Investment or Owner Occupied Private Money are the same 80% Cash Out

Use stock gains to invest in Opportunity Zones to get a 10 yr tax break 

Two separate residential loans or a blanket loan - 80% Cash Out or Rate & Term Refi

80% Purchase Price for Purchase

90% PP 100% Rehab if Fix & Flip

A portfolio blanket loan would work 80% PP 4% interest 30 yrs Fixed or 10-15 yr ARM Hybrid as long as each property is valued at $50k+

Any Builders/Developers out there that can offer suggestions on how to get started in real estate development? I have a few small development projects that I'm interested in getting started in 2020. I also am considering enrolling in a few CCIM development courses and Cornell's ecourse for real estate development. Any suggestions or recommendations are appreciated on how to jump start getting into development. Thank you BP - Happy 2020!