All Forum Posts by: Tom Camarda

Thanks you Rob. By sponsor you mean what exactly?  

@Dave Foster thank you Dave! I am aiming to do it after the purchase but as you say , only as long as it takes to pick up another pen. Looking for lenders now who can help with this process.

Can I purchase my 1031 exchange property all cash and then do a cash out refi at closing??

Hi Kyle, I am interested. I am just finishing a BRRRR near downtown and am looking for my next project for Q1.

Thanks!

Tom

Hello sam,

I am an LA resident and Fort Worth investor. I live right up the road in Highland Park. Lets connect and I can tell you what I know. 

Best,

Tom

Thank you all for the great responses!! This is very helpful! TC

Community Banks and credit unions. Great ideas. Thank you guys!

Greetings all,

I'm finding some good low cost, cash flowing properties in Ohio. Problem is, my usual lenders will not lend on these because their minimum loan is 100K.  Is there an option out there for conventional loans for buy and hold investors who want properties under 80K?

Thank you,

Tom Camarda

Just throwing it out there to the masses... Discuss!

I should clarify - they were saying that because of my reduced income last year (wrote too much off) that I wouldn't qualify for another Freddie loan until I file next years taxe returns.

The issue I have with this is that 4 months ago I qualified for a freddie loan with the very same tax returns they are complaining about. Not only that, I recently refi'd three properties into a commercial loan under a c- corp (out of my personal name) and flipped a property, thereby majorly reducing my DTI ratio... Seems I would be even more attractive to Freddie now that thats the case... No?