All Forum Posts by: Xavier Aliche

Be careful with non-warrantable condo’s. They will be difficult to get out of because you cannot sell them unless you have a cash buyer because most lenders will not finance them, because they cannot be resold easily because no one wants to finance them.

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Destin, Florida

Quote from @Devin Peterson:

Quote from @Ivan May:

Has anyone worked with DSCR lenders providing this kind of product? I see a lot of 70-75% LTV, but I thought I would ask.

Thanks in advance!

Hi yes, there are still investors out there that can do 80LTV cash out. Only on SFH investment. Must be long term rentals, 2-4 units are maxed at 75ltv

Let’s connect

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Quote from @Nick Belsky:

@Jay Soriano

There are a few left out there who will lend on appraised value versus purchase price. I just closed on a purchase two weeks ago where the investor only had to bring 12% down since he got such a great price and the appraisal was higher than the purchase price. 6.75% interest on a 5/1 ARM too. Rates have gone up since that one was locked but they are still lending based from Value, with restrictions of course.

Cheers!

Please let’s talk about how we can help each other. 512-658-5117. [email protected]

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Orlando, Florida

Quote from @Brittany Minocchi:

Hi Jay —

There are a couple of lenders out there that will do 85% LTV. Keep in mind the higher the LTV, the higher the FICO requirements and the higher the rate in most cases. Feel free to shoot me a message if you‘d like to discuss further.

What are your DSCR 30yr LTV, cash out LTV and minimum loan amount? do you lend in Houston?

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Orlando, Florida

Can anybody recommend a great property management company for a fourplex in Houston, Texas near Hobby

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Houston, Texas

Can anybody recommend a great property management company for a fourplex in Houston, Texas

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Houston, Texas

@Viral Patel

It seems like you will have to pay the dues

1 Vote

@Jhonathan Bituin

Johnathan,

I've really only spoken to a sales person. They tell you about the process and try to get you to sign up. I don't believe they assign you a personal property manager. Mynd is a huge company with sub market directors (Houston, dallas, austin/SA). When tenants submit maintenance requests Mynd just sends out a vendor to deal with problem. A Mynd employee never actually goes out to your property except to show or inspect it.

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@Jhonathan Bituin

Yes, prices definitely seem like they are too good to be true. They told me they could could even go lower than 79/mo because I have multiple units.

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@Jerry Ta

Thank you Jerry I will definitely consider that.

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All Forum Posts by: Xavier Aliche

Xavier Aliche has started 4 posts and replied 23 times.

Post: Owner Financing on Condo

Post: DSCR refinance 80 or 85% LTV

Post: DSCR loan product recommendation

Post: DSCR loan product recommendation

Post: Seeking property management company

Post: Property manager recommendations

Post: Water Bill Unpaid Houston

Post: Mynd Property management

Post: Mynd Property management

Post: Mynd Property management