Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
Some programs will do the full LTV that a long term rental would have and some lenders will reduce the LTV by 5%.
Kevin Apolinario
Chef, Software Engineer, Real Estate Investor
15 January 2025 | 3 replies
I ended up attending one of those weekend seminars for a few hundred bucks that tries to sell you on a 30k coaching program.
Andria Kobylinski
Boutique Hotel Investing - Financing
21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
There is no additional "risk" on the note like a demand clause etc, but you have extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.
Devin Bivens
Let the NETWORKING begin!
12 January 2025 | 2 replies
I am looking to join a mentorship program to help lower my learning curve and until I find it, I am educating myself with books, as well as YouTube University and great advice from the BiggerPockets community.I do work full-time in a career that I love and is very rewarding, but I also know I won't attain my goals with my current job.
Joey Backs
US Citizen Non-Resident Financing
4 January 2025 | 9 replies
I will not name every program out there because this would be a very large reply post.
Christopher Heidrich
Stuck in analysis paralysis and in the military
30 January 2025 | 7 replies
There are auctions, city grants, and financing programs designed to help people revitalize neighborhoods.
John Hickey
Long term BRRR in Bed Stuy Brooklyn, NYC John Hickey
28 January 2025 | 71 replies
@Les Jean-Pierre Had Section 8 tenants and got a bunch of energy upgrades through a state program.
Makani Donaldson
Having trouble being lendable
25 January 2025 | 7 replies
It’s worth having some conversations with a lender who offers DSCR or similar programs.
Helena Goyvaerts
BRRRR - Experiences with the refinancing part for non US-citizens?
6 January 2025 | 10 replies
@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs.