If a HELOC isn't an option due to Texas laws, you could consider a cash-out refinance with another property or a portfolio loan, even if you want to keep your current rate.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Hello, I live in southeastern Wisconsin and currently have a long-term duplex in Wisconsin.

Just because the property can close in an LLC with a DSCR loan, does not mean the loan is made to an entity.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

If you're capable of getting funding from a bank, those terms are terrible.

I'm familiar with Jeff and the C2C team (i've heard great things) and work primarily with Fernandos team who I love.Right now - all of the padsplit loans I am working on for my clients are underwritten based off long term rental rates.

I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

Airdna wants me to lower the price but I also do not make enough, still better than $0.I will link my few, one has a long-term renter https://abnb.me/AQJoTn3zJpbhttps://abnb.me/ZMAc7i5zJpbhttps://abnb.me/GtVbaF6zJpb

One powerful tool that can help investors secure better loan terms is asset utilization—especially when the DSCR (Debt-Service Coverage Ratio) is under 1.🔹 How It Works:If your rental income falls short of covering your mortgage (PITI), you can use liquid assets to supplement your income.