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All Forum Posts by: William Stewart

William Stewart has started 18 posts and replied 72 times.

Post: Manufactured cash out

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23
Quote from @Marsay Winder:

@William Stewart I'm in the same boat.  I have a property that I want to do a cash out refi on.  Mine is in NC.  If you have any luck, let me know.  I got all the way to the finish line with one lender, and they backed out last minute.  I've called a lot of folks and working on additional inquiries.  Some that I've found that do refinance will only do it on a personal property or second home.  

Working on it I'll let you know ow if I have any luck. 

Post: Mortgage on Rentals for Self Employed

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

@Nick Velez Would you do a dscr loan on a manufactured home deeded to land in sc @Elyse Simpson

Post: No Doc Mortgage Companies? Any Good Suggestions?

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

@Kristen L Garner do you lend on manufactured homes deeded to the land?

Post: No Doc Mortgage Companies? Any Good Suggestions?

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

@Kristen L Garner do you lend on manufactured homes deeded to the land 

Post: Cash out or sell to LLC Hard money Private

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

I'll explain this as best I can. I have a property owned free and clear. Manufactured home deeded to the land it is an investment property in my LLC. I am trying to pull out some equity to reinvest in more property. I had one company ready to go, but they wanted to do an adjustable rate. At the current time that would be unwise in my opinion. Having trouble finding any other companies willing to loan on it.

A friend of mine suggested that I put it back in my personal name and try and get private money or a hard money lender to sell it to my LLC. Or vice versa keep it in my LLC and sell it to myself? Is this something possible? Gross annual rent 20-24k zillow property estimate is 167,500. Looking to pull out 75k credit is around 680

Post: Manufactured cash out

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

I have a manufactured home deeded to the land as an investment property. I own it free and clear and was looking to pull out some cash to reinvest. Anyone know of lenders to do a cash out or something similar?

Post: Loans for Manufactured Homes

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

Hey all I have a question relevant to this. I own a manufactured home deeded to the land free and clear. That is an investment property anyone here know a company that can do a cash out or something similar 

Post: Liability Insurance for room rental

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

Hi BP nation I rent a property out by the room.  It's a 5 bed 3 bath. I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me. Does anyone else do it like this and who do you use for liability insurance? Thank you in advance for any help

Post: Myrtle Beach Real Estate Investors - Taco Tuesday

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

Any one interested in meeting up?

Post: BiggerPockets needs your ideas on future data-focused products!

William StewartPosted
  • Rental Property Investor
  • Fort Mill, SC
  • Posts 76
  • Votes 23

Maybe find out what the average monthly rent in an area and correlate that with average weekly income. I'm curious as to what is the nationwide average cost spent on housing out of ones paycheck?