Allan Yeung
DSCR vs Cash Out Refi
For BRRR, after a property is renovated, they can approach a lender to do a cash out refi. Does the lender evaluate based on ARV? or Purchase Price + Repair cost only? Also is there any restriction like time period (a...
Joshua Hall
Financing single family residences owned by an LLC
My partner and I own single family rentals through our LLC. Our LLC paid cash for these properties and they are producing positive returns. We would like to finance these properties to free up capital. I have called m...
Afsheen S.
Lending in St. Louis
I was hoping to get some recommendations. I am a new investor just starting out. I would like to buy a small multifamily in South City in the next few months if a good opportunity arises. I've gotten preapproval throu...
Jared Sandler
Important questions for a Hard Money Lender!
After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:
Are you a direct len...
Alvin Sylvain
Seems to Qualify but Application has Discrepancies -- Reject?
OK, for some of you long-term landlords this is probably an easy one.
I looked at the applicants' pay-stubs and SSI letter, and pro forma, with two jobs, overtime, and SSI, they do make 3x the rent.
My main question...
Brandon Green
Business loans and lines of credit
Hello all,I have come across a situation that hopefully you may be able to help. I am in the process of closing on a property but unfortunately my personal credit was hit and now in order for the closing to happen I w...
Kathy Reyes
Question about DSCR loans
I just found out about DSCR loans. I am a new investor and would like any advice on where to go to apply for one. I am looking to invest in properties in Illinois. I would appreciate any advice or opinions on this to...
Agustin Rossi
Fees for Rental units
How do application fees work for rental units? What are some examples? Do tenants get this money back if they get accepted as tenants and not if they do not get accepted? I know one example of these fees is late rent ...
David J.
Help me to understand local bank refi for SFH
I am trying to plan out my first BRRRRSuppose I have a property rehabbed and rented that is VALUED at $70KNow it's time to refinance and pull some money out to fund the next property. I have 7 Fannie/Freddie conventio...
Kevin Blakey
Homstead Exemption as Primary Resident Asset Protection
I've been listening to Garrett Sutton's audiobook, "Loopholes of Real Estate". In it he discusses primary residence asset protection in the form of "Homestead Exemption" which varies by county. When I research this, t...