All Forum Posts by: Ziad Hamati

I do, but I would need more information. Are corporation taxes up to date? What is the residency status of the non-US people? Not sure if how many partners are involved, but does the buyer have more or less than 25% ownership... many questions to ask and best to have a call or share your email address.

If you want to share your email address

There is so much that goes into it, but previous answers are very well thorough and great responses.

DSCR is the way to go if DTI is an issue.

I am a broker in Texas so feel free to reach out. We will always find a solution :)

Just gotta be real with them :D 

Let them know you will try your best to have seller cover all of some of the closing costs.

Can also always offer above asking price and ask for the difference as seller credits

I do DSCR in all states.

You can go conventional on investment properties. But lender will underwrite you the borrower, i.e income, employment, DTI ... Pros is no prepayment penalty and dont care if rent covers mortgage as long as you are able to repay.

Downside: Prepayment penalty. 

We can finance on properties with DSCR ratio less than 1. Sure you will be required to maybe bring a higher downpayment and slightly higher rate.

I can offer a worksheet if you provide:
FICO score, DSCR ratio, state

 I am a broker. You can send me the worksheet or LE they provided and I can tell you if it is a good deal or not. I could even beat.

Hello Harish.
I am a mortgage loan officer, and also an investor. I invest in and out of states.

First, is to make sure you understand your financing options when investing out of states (not sure if you are a first-time investor or not). 

Second, I always recommend investing in your own backyard unless you live in aa very expensive market.

Third, if out of state investing is the way to go: You need a good property manager (which i don't i was able to ever find one), contactors and a good real estate agent who has experience in investments. Not every real estate agent is a good agent. 

Broker here. Sounds cliche but always best to reach out to a trustworthy loan officer and fill out an application because there are too many things to look at before determining how much you can qualify for. 

If you are going conventional, they will need 2 years of tax returns, no way around it.
We will use your "net income" after all deductions for 2022+2023 and divide over 24 months. We are able to add some of the expenses back to your income.

If that is not enough, we can do non conventional (Non QM), and once you establish 2 years anniversary as self employed, we can use 12 months of bank statements. Will average all deposits over last 12 months to calculate monthly income, and then depending on the type of business, apply an expense ratio. 

With non QM, lowest downpayment is 10% but you will be hit with a high rate. Best is 20% down.

I have some stocks and crypto just for the purpose of diversification. But most assets are in real estate.

I only own SFH. Hald of them are centrally located and running as short term rentals. I depend on cash flow, which is why actively manage all my rentals and decided to go that round to maximize cash flow.

Hard how? you can, but depends on state. TX for example doesn't allow heloc on investment property. 

Uff.. i am numbers guy so just telling me $24,000 a year is not enough. What is the NOI? IRR? Return on Equity?...

To me it is simple. How hard is your money working?? If you sell and invest elsewhere, will it work harder than it is today owning 2 duplexes?