All Forum Posts by: Troy Jones

@Eric Boshart

Even with the amount of lenders out in the market given how a lot of lenders are doing i'd say there is plenty of customers out there. Not all investors are rate, point, or leverage sensitive if anything they just want speed and transparency. Also keep in mind certain lenders have minimum, maximum capabilities on certain propertis. Some only do smaller loans under 500k, some only offer 70% LTV, some only lend to seasoned investors, some only do bridge loans. We are a newer fund but have been doing this for 10+ years and we had no issues funding over $200M loans in our first year. Look at larger shops like Lending Home, Anchor loans these shops do 1 billion in loans a year, but a lot of other shops are doing 100M -500M in volume and thriving. One thing I found is when a lender becomes too big they end up lacking in other areas such as customer experience and seasoned investors just want the ease of mind to know their deal is going to get funded in a timely fashion without issues or headache.

Hey @David Roe

Sorry to hear about your experience. EMD has nothing to do with the lender. Once a loan is approved for funding the only issues that would hold a lender up from actually funding would be either title and escrow not fixing items the lender is requesting, wire cut offs are usually at the latest 3 pm so as long as docs are signed and the cut off is missed because both parties signed docs the releasing of funds can take place the next day. In some states you have a few day period after the contract end date that you are still protected as a buyer in.

Hey @Yuan Zhao

I could possibly lend up to 80% LTV but i do not have an equity partner. Let me know if you would like to chat more

Hey @Devin Wallace-Williams, 

Would love to chat more about financing this property for you. Feel free to reach out 702-827-9451 and let's see what we can do to help you win the deal. 

https://www.originatorconnectn...

Hey @Arijit De

What are the values of each home in AL?  I might be able to help if each home value is 75K or greater and they total over 500K in value. 

@Steven Foster Wilson All over Thailand and Bali they have it set up that way. Even in Thailand as a foreigner, you can have a 99 year lease on a property meaning they will allow you to have ownership of it for 99 years after that I do not know what happens. If you have citizenship or a kitas typically you are then viewed as a partial citizen. You need none of that in order to make money off Airbnb. In Bali for instance you'll find on the FB marketplaces many times a Villa owner looking to rent their villa out for 10-20K USD for 5-10 years and typically you pay it up front and assume all responsibility for that property during that time frame. Most turn around and either re-lease it to people looking for a rental or they throw it on airbnb. 

@Steven Foster Wilson There are ways around everything it's all about the visa you have issued to you which gives you different abilities. Also, you do not even have to buy a house to make money on short-term rentals. Many homeowners lease out the property to someone for 5+ Years which gives you the ability to sublease as a short-term rental or even a long-term rental. 

@Jill Addison We lend in most states. 

@Forrest Hayashi No not necessarily. We offer them as low as 3.5% for up to 30 years.