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All Forum Posts by: Samuel Coronado

Samuel Coronado has started 25 posts and replied 251 times.

Post: DSCR Loan on a Manufactured Home

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122
Quote from @Erik Estrada:
Quote from @Jefferson Black:
Quote from @Dave Skow:

@Jefferson Black- thanks ..based on the post I am not sure if the MH is your primary home or an investmenet property ?? if its an investmenet property - there are not many ( if any) lenders doing regular or DSCR loans on rental MH homes


 Sorry for the confusion. It's an investment property.


You can finance manufactured homes with a DSCR loan. the max LTV is 65% for both purchase and refinance. It also cannot be on a land lease.


 Do you do these loans? I have one I need done

Post: TSP loan + HELOC combo

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

I was searching TSP for unrelated things, but I am curios to see how this worked out with the way the stock market soared to ever new heights in 2023 and 2024 in tandem with the real estate market.

Post: I need help

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

Is this park in Huntsville, AL? I can access some capital to buy in and also know lenders that I've worked with that can do these kinds of deals if the money is right. What do you mean by it profits 84%? Is that Cash on Cash return, IRR, etc? Does that take into account a 400k mortgage at near double digits on a 15, 20, or 30 year term?

Would love to talk. If it's in Huntsville, I can get boots on the ground TONIGHT.

Post: New Manufactured Homes sales

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

Cody, how are you? We have exchanged messages before on Facebook about moving mobile homes. Would love to talk about this opportunity as well. 

How much are you needing? What is the collateral and return?

Post: Pocket Listings | Huntsville Alabama

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

Would love to talk. 

Post: Any 10-15% DSCR Loans?

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

Where are you looking in Alabama?

Post: Everything needed to start, can't find a cash flowing property.

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122
Quote from @Chris Core:

Hello all. I am struggling to get a deal done. I got a PA for 300k/FHA loan. 720+ credit score, 75k cash, and good income. I considered starting out house hacking a MF, but it will only increase my monthly expenses, not lower them or provide cash flow. I'm looking primarily in the Upstate SC/ Huntsville AL area. Would love any tips/advice to move forward!


 I notice that you mention two different states when you are talking about house hacking. Would moving affect your income? 

Post: House Hacking Opportunity in Huntsville

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

Hit me

Post: Sell or rent

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

The general consensus is to sell it. I am in talks with a couple people now. I am letting it go for just the payoff amount of $400,000 if anyone is interested. 

Post: Looking for other private lenders

Samuel Coronado
Posted
  • Investor
  • Huntsville, AL
  • Posts 252
  • Votes 122

I know a few. Are you based in the area locally? 

REI Partners is a great broker for hard money lending and private money. I have some invested in their general fund. Might also know a couple individuals for the Huntsville area.