All Forum Posts by: Scott Wolf

Does anyone have recommendations for excellent lenders and real estate agents in NV, NM and CO who specialize in residential investment property?

When financing your flips, do you focus more on getting the lowest interest rate or avoiding upfront points?

I recently spoke with an investor who takes a 6-month loan at 16% interest with no points because he consistently flips in 3 months or less. Even though the rate is higher, he avoids the 2 points ($4,000 on a $200K loan) that come with lower-rate loans.

By closing out the loan early, he only pays $8,000 in interest versus a lower-rate loan at 10% with 2 points, which would cost him $9,000 total ($5,000 interest + $4,000 points). For those who turn projects fast, does a higher rate with no points make more sense for your deals? Or do you still go for the lowest rate possible?

Let me know what you think.

Does any one know a lender that do a dscr refinance loans that's under 100k

@William Coet

William,

Finding a 5% interest rate for a 5-10 unit multifamily property in today’s market is tough, but not impossible, depending on the lender and loan type. Conventional lenders typically offer higher rates right now, but you might find better terms through local credit unions, community banks, or portfolio lenders, especially if you have strong financials.

You may also want to explore creative financing options like seller financing or assumable loans, especially if the seller has an existing mortgage with a lower rate. Some investors are structuring deals using loan assumptions combined with supplemental financing to make the numbers work.

In Columbus, OH, where I primarily work, we’ve been seeing lenders get more flexible with DSCR (Debt Service Coverage Ratio) loans and hybrid ARM products. If you’re open to discussing options or looking at alternative markets that might offer better cash flow, I’d be happy to help. Let me know what your purchase price range is, and I can point you in the right direction!

Even if I’m willing to do a separate loan on the odd one (a five plex)?  Everything else in the portfolio is 1-4