
7 June 2023 | 11 replies
For DSCR loans the min as-is value is 100k, the min loan amount is 70k.For Bridge loans, most require the initial advance (the portion of the loan dedicated to the acquisition) be at least 50k.

30 November 2016 | 6 replies
@Chance Bridges - Thanks for your thoughts.

26 October 2023 | 21 replies
There are a few that utilize things such as AirDNA to assist with that, but generally seeing that proof is a good way to overcome that as the lenders that do that will usually do an 80-90% cut on what AirDNA says.I have some clients that will do a 12 month stabilized bridge at 70-75% of the new value to get out of the 'Construction' or rehab bridge and still get some cash out while they are making money on the STR income.

31 October 2023 | 5 replies
Hey @Milissa Kernahan,There are definitely a few lenders doing long term financing there, hopefully you were able to find them.There are also some lenders doing cash out bridge loans that, if you are in process of repairing your credit or are thinking rates will stabilize/go down, it is a good way to get money out now and continue to build your portfolio in a tough market.

27 October 2023 | 7 replies
Now, as for financing options, you could look into getting a bridge loan.

25 October 2021 | 8 replies
Are there any form of down payment loans or bridge loans (?)

27 July 2018 | 131 replies
If I'm bored with that lifestyle, I'll re-evaluate and cross that bridge if/when I get there.

22 November 2018 | 11 replies
I disagree that an LLC complicates things, but that's water under the bridge anyway since the LLC already exists.My question is probably more appropriate for a lawyer, but I was hoping someone that has been in my same situation may have some guidance on how they proceeded.

1 October 2023 | 28 replies
Interestingly, that’s my photo of the burning bridge.

8 November 2023 | 4 replies
Typically, we would simply do a 12-month bridge at 80%ish of the cost of the lot plus build costs plus soft costs up to 70% of the As-Completed Value then, if you chose to keep it, we would covert it/refi it to long-term financing.