All Forum Posts by: Timothy Hero

 Exactly. I've seen people fooled on mortgages over fees because they love the rate. If a lender saves you $200/month on the payment but you spend an extra $8k in fees, you didn't get the terms you think.

I'd say overall, Texas is your best bet.

One of the few states offering cash flow and appreciation. And since the state is so large, there's more opportunity than any other state for MF.

DSCR for these sort of loans right now is 25% down, 30-year amortization, with a rate around 7%, depending on the lender and deal.

I broker for DSCR lenders for multi. Not sure if that's the kind of financing you're seeking, or a private investor.

I broker for DSCR lenders for multi. Not sure if that's the kind of financing you're seeking, or a private investor.

 Understood. Also, sorry if my comment came off as rude. It seemed direct, lol.

 Read my comment again. I didn't say inflation was down 9/10. I said 9/10 markets have increased YTD.

As for "they", the media and all these "gurus" on social media. Grant has been preaching of a market crash since early 2023. 18 Months later, nothing.

Robert Kiyosaki has been claiming it for 3 years. Nothing.

Then you have the media, which feeds on fear.

When rates were low 3's, they said any day a crash was coming.

When rates jumped to 8%, they said any day a crash was coming.

During both markets, the foreclosure rates and prices remained healthy and strong in most markets.

Inflation has come down, 9/10 markets are up YTD in prices, and rates have come down from 8% to upper 6's.

Owning this will be a huge headache. Want to refinance? The appraisal will kill the deal if you plan on refinance with a DSCR/commercial lender.

Want to sell? If the buyer is using a DSCR/commercial lender, it'll be the same outcome.

I have a deal in my pipeline now for a refinance. We're at a standstill, because it's a 2-unit (legally). But it had a third illegal unit that was there when he purchased it. We need him to get legal docs showing it's allowed, and he can't, because it's not allowed to be a 3-unit.

I have a guy who is absolutely incredible. Always reachable, transparent, and knows his stuff. Feel free to message me and I can put you in contact.