All Forum Posts by: Ryan Stuckey

Hi Michael, where are you located?

We offer 100% financing on both purchase and rehab (loan size up to 75% ARV) but only in 10 states.

So if the location and the numbers are right, you can be as low as 0% down.

Yes, this kind of leverage does exist on the short-term purchase and rehab loan, and for reasonable terms.

Quote from @Joshua Kavadi:

Quote from @Ryan Stuckey:

Check out Longhorn Investments at longhorninvestments.com. Chip Cagle is your local expert and can be reached via the website. Longhorn can offer 100% of purchase price and rehab (up to 75% ARV on total loan size) and there is not an experience requirement as long as it's not heavy rehab. Quick closing and investor-friendly reputation. You should definitely consider this option as your down payment may get to or near $0. Of course, normal closing costs will be on top of that.

 Thanks Ryan, I was able to find a them via a  Brokerage company . yes they gave me a closing cost about 13 K . thanks for your suggestion . They said :

Here is our mortgagee clause:

Trident Realty Investments, LLC

PO Box 10160

Huntsville TX 77340

Loan number: _________

They are asking for the 6 month insurance which I need to pay couple of days before the closing day . is it True ? 

Sounds like you might be getting close to $0 down if your costs are within 70-75% of ARV. Anyway, I'm not sure how much of the "closing costs" mentioned include any down payment. I'm pretty sure your costs would include a broker fee if that is how you were introduced. Please note the website/program is generally open to the public without a need for a broker to find it for anyone.

Indeed, most HMLs will want the full 6-12 month term paid up by closing so that full loan term has insurance coverage in place and there is no insurance issue 2-3 months into the activity due to lack of a monthly payment by the borrower. 

Check out Longhorn Investments at longhorninvestments.com. Chip Cagle is your local expert and can be reached via the website. Longhorn can offer 100% of purchase price and rehab (up to 75% ARV on total loan size) and there is not an experience requirement as long as it's not heavy rehab. Quick closing and investor-friendly reputation. You should definitely consider this option as your down payment may get to or near $0. Of course, normal closing costs will be on top of that.

Quote from @Melissa Vass Scott:

Hello Everyone,

I recently heard that real estate investors in the US can borrow against stock investments for a mortgage? Is there anyone out there that has insight to this? We are Canadians looking to purchase a few rental properties in Ohio. If borrowing against stocks is an option, do they have to be stocks held within the US and/or do Canadian stock investments count as well?

Any insight would be most appreciated.

Welcome to Cincy, good choice on where to invest! I've worked with some Canadians buying  here in Ohio.

Indeed, rather than selling your stocks to fund investments (and lose out on any potential price appreciation and dividend payments, as well as incurring capital gains taxes), a nice alternative is to borrow against some percentage of the holdings.

You would start with the brokerage where you hold the stocks and see what their loan program looks like for the account you hold. Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.

Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months.

Do you want to get deals done quickly and scale your REI activity?

Then hop on the hard money highway!

Longhorn Investments is highly rated as a leading hard money lender in the US - 16 years and 10,000+ closed loans worth of experience (and repeat/loyal customers). Now open in select markets in Ohio (state #10), including Cincinnati.

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV) with fast closings in 6-7 business days.

No experience requirement for small/medium rehab projects (yes, this is true).

Loyalty program with VIP pricing after three paid off deals.

More info:

https://www.longhorninvestments.com/markets-served/ohio

A video about recent closed deals in Cincinnati:

I'm in Ohio as your local market representative. Please contact me with questions and to discuss your project: [email protected]

As others noted, there is no limit to DSCR funding other than your ability to produce enough liquidity for down payments, closing costs, and the required reserves post-closing. Each property qualifies on its own economic merits (i.e. rental income covering PITI payments)

This is one of the main advantages for DSCR financing, i.e. the ability to scale without any kind of DTI limit imposed by conventional financing.

Longhorn Investments is highly rated as a leading hard money lender in the US - 16 years and 9500+ closed loans worth of experience (and repeat/loyal customers). Now open in select markets in Ohio (state #10), including Columbus.

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV) with fast closings in 6-7 business days.

No experience requirement for small/medium rehab projects (yes, this is true).

Loyalty program with VIP pricing after three deals.

More info:

https://www.longhorninvestments.com/markets-served/ohio

A video about recent closed deals in Columbus:

I'm in Ohio as your local market representative. Please contact me with questions and to discuss your project: [email protected]

Quote from @Isaiah Lopez-Torres:

Reach out to @Ryan Stuckey he's with Longhorn Lending and local to the Cincy Market.

 Thank you, Isaiah....I have connected with Eli now

Longhorn Investments is experienced and reputable with many years of experience in the purchase and rehab financing. First-timers are welcome with no experience required for rehabs under $100k. Up to 100% financing on available on purchase and rehab (loan size up to 75% ARV). Fast closings under 10 days. Active in Atlanta and locations in 10 other states.

Hi Sylvester,
Check out Longhorn Investments, one of the leading hard money lenders out there (16 years, 9000+ closed loans) and very investor-friendly as shown by customer ratings and testimonials. One of the very few offering 100% financing on both purchase and rehab (yes, it exists and we close quickly on them). Now operating in Ohio and I'm your local DIRECT representative actually in the market.

Fix & Flip / Fix & Hold - 100% Financing on Purchase/Rehab Available in Columbus (biggerpockets.com)

Please contact me to discuss our program... [email protected].

Thanks,

Ryan