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%.
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.
Dennis Knapp
how to figure repair costs and arv
15 January 2025 | 7 replies
There are programs to find solds so that would be a good idea but an agent can pull directly from the MLS.