All Forum Posts by: Sanjiv Mehta

Don’t sell it. Get a refinance. If you’re able to get 80% of the equity, your 2% return now becomes 10%. You don’t have to go look for more renters now or you still have property in a highly appreciating area.

Of course make sure that the loan is invested in something that will pay a higher return than the mortgage.

Planning to get into Real Estate investing in a big way. My wife is planning to become a realtor. I know that she has to disclose that she is a realtor if she were to make any purchase but do I have to disclose too for any purchase that I negotiate and might possibly purchase either for my LLC or jointly purchase with my wife?

Thanks everyone. This list is turning out to be very useful for me and I am sure for others in my situation too. Keep adding your points of view.

Thanks for the detailed reply @Jeff S.

I am speaking to quite a few HMLs for a new construction project. What are the thing to look for when vetting these HMLs? What are the ways in which a HML can turn out to be bad? Thanks.

Thanks @Sharon Wu. No I am looking at 80% LTC - Loan to Cost. It works out to around 63% LTV. This is for a spec home and not for primary residence.

@Rick Trivedi - Will DM you

@Account Closed - Our first new construction experience but my wife has been in the business for a while.

Looking for a construction loan for a spec homes in the Bay Area. This will be a complete demo and rebuild and looking for a 80% LTC. I am already speaking to Avid Bank and Fremont Bank. What other bank gives such construction loan? Thanks in advance.

Looking for a construction loan for a spec homes in the Bay Area. This will be a complete demo and rebuild and looking for a 80% LTC. I am already speaking to Avid Bank and Fremont Bank. What other bank gives such construction loan? Thanks in advance.

Any banks or Credit Unions that are good for construction loans in the Bay Area?