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All Forum Posts by: Robert Rodriguez

Robert Rodriguez has started 8 posts and replied 17 times.

Post: Cash out Refi DSCR loan

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

Hello looking to cash out refi my 2 properties into a DSCR loan. Credit is a little low between 630 and 640. Is there anyone that can lead me in the right direction. Thank you.

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

@Jamie Parker

Hello,

I have six months to close.

Yes, I have contractor bids

I got a couple of years of experience doing fixes and holds and flips.

Its a 12 month project contractors say 8 months. I like to play it safe.

My exit is to refi out the loan. If I can't ill just sell it.

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

@Erik Estrada arv should be 900k . Which for the rehab is way under 70%. Have you used any banks for a project like this?

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

@Matt Cartwright I've got experience flipping house and buying and holding. Just wanted to know of there is a good bank with high chances of approval before I try hard money.

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

@Dave Skow yeah I just wanted to know if anyone had some experience working with a specific bank that got it done.

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

@David Bilandzija based off of a 9 to 10% cap rate it should be worth 900k

Post: 5 unit multifamily

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

Hello,

I have a 5 unit multifamily in contract. I'm having a hard time finding financing because the rehab is more than the purchase price. The purchase price is 130k and needs 350k rehab. Can anyone send me in the right direction to find funding?

Thank you.

Post: Website to find virtual assistants

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

Hello, can you send me the information in a message

Thank you

Post: Website to find virtual assistants

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

Do you know any good VA services providers?

Post: Website to find virtual assistants

Robert Rodriguez
Posted
  • Rental Property Investor
  • Aberdeen, MD
  • Posts 17
  • Votes 4

Hello,

Does anyone know of any good websites for virtual assistants? Some task I need accomplished are:

  • -Skip tracing
  • -Cold calling
  • -Acquisition leads
  • -Pulling comps,
  • -Filling out contracts,
  • -Entering data into CRM and deal analyzer tools,
  • -Organizing contractors
  • -General logistical paperwork
  • -Phone calls

Also any advice on what I should know about virtual assistants, or any recommendations?

Thank you in advance.