All Forum Posts by: Tyler Livingstone

Im looking to invest in the Cleveland suburbs. Parma, Parma Heights, Euclid, South Euclid, Cleveland heights. Areas like these. Looking for feedback from investors who activaly invest in the Cleveland area. Looking at SFH. Hoping to purchase a property in the 120-130 range and complete cosmetic repairs. Nothing major paint, flooring, kitchen/bathroom facelift. We are from Canada so we will need the following.

Realtor/ prpoerty manager

In other areas we have had good success with a PM company that has Realtors on staff. We would be looking for someone to guide us in the right areas and assist us in analyzing the properties. Since we will be completing renovations it would be necessary for them to pop in every once and a while to ensure the contractor is doing what they say they are.

General contractor
Looking for an insured reputable contractor. Ideally one experienced with remote investors. Willing to sign a fair contract for both contractor and investor.

I know there are a lot of investors in the area so any referrals would be greatly appreciated.

Thanks

Tyler Livingstone

HoltonWise specializes in doing contracting work for Cleveland investors. We handle everything, HVAC, Plumbing, Electrical, Unit turns, Flips, BRRRRs, Section 8 Inspections etc....

CLICK HERE to talk with a member of our team.

I have reached out to them. Thanks

0 Votes

Cleveland, Ohio

Hello everyone

Realtor/ prpoerty manager

General contractor
Looking for an insured reputable contractor. Ideally one experienced with remote investors. Willing to sign a fair contract for both contractor and investor.

I know there are a lot of investors in the area so any referrals would be greatly appreciated.

Thanks

Tyler Livingstone

3 Votes

Cleveland, Ohio

Hello everyone

Realtor/ prpoerty manager

General contractor
Looking for an insured reputable contractor. Ideally one experienced with remote investors. Willing to sign a fair contract for both contractor and investor.

I know there are a lot of investors in the area so any referrals would be greatly appreciated.

Thanks

Tyler Livingstone

1 Vote

Cleveland, Ohio

Quote from @Jason Kent:

Quote from @Tyler Livingstone:

Hi everyone

Looking for reviews on Aloha Capital. Looking to use them in the future for 30 year DSCR loans. Does any one have any experiences with them? I I spoke with a rep about the DSCR and he is saying mid 7s maybe a bit higher for loan interest rates. This seems good to me.

Thanks

Tyler

Did you ever end up using them? I'm going on 9 weeks now with my DSCR refi with them…. Less than happy.

No I have not yet. What seems to be the hold up?

Thanks

Tyler

0 Votes

Hi everyone

Thanks

Tyler

0 Votes

Hi everyone

Looking for fellow Canadians who invest in rentals in the US. Would like to talk about lenders specifically. Any one had any good luck lately? I've used NSS lending as a broker before and completed one loan with Loan Source LLC. The loan experience was fine with both. I've also been speaking with Aloha Capital but have not used them. Just looking to see what lenders other Canadian investors have used.

Thanks

Tyler

0 Votes

Toronto, Ontario

Quote from @Bob Lewis:

Looking to do a 30yr cash out re-fi on a rental property. Anyone have experience with Aloha Capital in Boulder CO?

Did you end up using them? How was your experience?

0 Votes

Quote from @Nick Hosmer:

Hello,

I currently own 4 rental properties but this is my first real brrrr and using a private money lender Aloha Capital. Using the fix and rent loans and 100 percent renovations how much does such a loan costs? How do closing costs on a private money loan compare to a traditional conventional bank for a brrr? Do I have to pay closing costs again when I do the cashout refinance? Thankyou for all of your help!

Did you end up using them? How was your experience?

Thanks

Tyler

0 Votes

Quote from @Erik Estrada:

Quote from @Tyler Livingstone:

My wife and I are Canadian. We own a USA based LLC for real estate investing. I have been speaking with lenders regarding cash out refis. Most are coming in at 60 to 65LTV for Foreign Nationals. With the high DSCR loan interest rates we're finding it hard to get decent returns when your leaving that much money in a deal.

Not for Foreign Nationals. Most restrict it to 65% LTV for Cash-out.

If the deal makes sense, you could possibly do 70% on a hard money loan. Or if you partner up with a citizen, you can do up to 80% on a private money bridge loan.

Thanks Erik!

0 Votes

Indianapolis, Indiana

Quote from @Brandon Beardt:

Quote from @Tyler Livingstone:

Hi Tyler,

I personally have never seen 80% LTV cash out refi's available for foreign nationals. In fact, I think 80% LTV for a cash-out DSCR transaction in general is rare to find now a days. Even with having a US based LLC, most of these programs (I'm assuming DSCR since you mentioned it) will require a personal guarantee and the lender will see that you and your wife are in fact foreign nationals, and decrease the LTV accordingly. One sort of solution I see for you wanting a higher LTV threshold is to potentially add a US citizen to the LLC (friend, family member, or business partner perhaps if they have US Citizenship) and have them as the personal guarantor on the loan. Not sure if that option fits your game plan but just something that came to my mind when reading your post. Best of luck!

Thanks!

0 Votes

Indianapolis, Indiana

All Forum Posts by: Tyler Livingstone

Tyler Livingstone has started 9 posts and replied 20 times.

Post: Cleveland investor referrals

Post: Cleveland investor referrals

Post: Cleveland investor referrals

Post: Aloha Capital reviews wanted

Post: Aloha Capital reviews wanted

Post: Canadians Investing in the US

Post: Anyone Done a Loan With Aloha Capital?

Post: First time using private money(Aloha Capital)

Post: Do 80%LTV cash out refis exist for Foreign Nationals in the USA

Post: Do 80%LTV cash out refis exist for Foreign Nationals in the USA