All Forum Posts by: Osvaldo Pena

@John Smith surprised no-one has mentioned this, but have you considered doing a DSCR refi on the multi family to take some cash out which you can use on the multifamily you're looking to acquire?

1 Vote

Worcester, Massachusetts

Just staring out and setting up my business. Currently looking to work with a title company and/or lawyer that is knowledgeable on subject 2, assignments of contract and creative real estate financing. Any recommendations for NC or SC?

0 Votes

Quote from @Mitch Messer:

Hi @Matthew Askew. I've closed subject-to in Georgia and may be able to suggest some transaction resources for you.

But first, where did you get your Sub2 paperwork?

Mitch,

Would you mind sharing this with me? I live in NC and am setting up my business to pursue subject 2 and wholesaling.

0 Votes

Quote from @Osvaldo Pena:

Quote from @Kerry Baird:

@Osvaldo Pena, Welcome to the site. The following post from yours talks about DSCR, but you might not have seen it. Debt Service Coverage Ratio, where the lender looks at the cash flow of the property.

Thank you Kerry!

0 Votes

Quote from @Kerry Baird:

Thank you @Kerry Baird

1 Vote

@Kerry Baird I'm new and still learning the lingo. What does DSCR stand for?

0 Votes

Maybe I'm just confused. But if you bought the LLC with 100% owner financing @ 3% over 15yrs, I have to assume the seller is holding the titles to the properties which means the loan the seller made is secured by the properties until you've paid off your debt???

7 Votes

All Forum Posts by: Osvaldo Pena

Osvaldo Pena has started 1 posts and replied 7 times.

Post: Stuck for my next property

Post: Looking for a title company for NC and SC

Post: Subject to in North Carolina

Post: QOTW: How did you / are you financing your investment properties?

Post: QOTW: How did you / are you financing your investment properties?

Post: QOTW: How did you / are you financing your investment properties?

Post: Craziest idea ever… somebody tell me I’m stupid.