The loans are much cheaper than hard money and the margins are way better than flips.

There is no seasoning requirement to refinance a conventional loan.

Hi All, We're considering our first private loan and have calculated our costs based on an initial conversation with the investor.

So I have been having a lot of trouble getting a cash out loan on one of my properties I own outright, and I thought DSCR lending was going to be my saving grace.

These are large lines of Credit that allow the lender to leverage theirs or investors money into loans..

We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan.

If you find a lender/mortgage broker that communicates very well and in a very time efficient manner start there to see if they have a product that works.Most of the lenders we have worked with in the past we have done multiple loans with.

For new prospective investors who have more money than time, I think this might be a better first investment than trying to be an out-of-state landlord.You do all of your vetting upfront—of the operator, the asset, the loan, and the area.

Have you thought about getting a hard money loan which can fund your whole deal to include the rehab?

A DSCR Cash Out Refinance is what I am going to recommend on this.Typically can go up to 75% LTV on a cash out if you have good credit.There are plenty of lenders around here who can get them done,On a DSCR loan we do not take into account your personal income but instead qualify you based on the income generated from the property.