Currently looking at buying a duplex in the Fort Worth area. I have 1 rental property at the moment. I am wondering if I should do a DSCR for the new property, that will cash flow vs a conventional. Is DSCR simply wor...
We want to do Cash Out Refinance which the title would be in the name of a LLC, currently creating, and we are looking for all term options greater than 15 year. Has anyone worked with a lender that will do this? We h...
Hi, my goal is to access the equity in the rental property. It's a duplex. It's paid off. I have it in a separate LLC. I would estimate it's value at 130-160k. I don't want a loan larger than 100k.
Most lenders have ...
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented. My interest for this Post is my lending method thus fa...
I have a condo I recently acquired that I own outright. I am wanting to pull cash out of it. My issue I am running into is I recently switched into real estate full time so I do not have a w2. My credit is good/excel...
As a hard money broker, I’ve been seeing more investors use DSCR loans for rental properties and other investment projects. I’m curious to hear from others in the community—how are you finding DSCR loans as an option?...
We found a property that will likely get multiple offers. We would like to put in a cash offer and quickly recover our money with a refinance and still be able to deduct the interest. Is there any rule or timeline in ...
Hi, if I lease my house to a tenant, and the tenant has an option to purchase, will DSCR lenders look unfavorably upon the tenant's purchase option? Are DSCR refinance loans ever approved in this case?
Greetings,
I’m reaching out to the community to find investor-friendly lenders for a cash-out refi on two properties. Your assistance is greatly appreciated. Thank you in advance!
I just read 5 books (out of print, published between 1979 and 1986) all related to wealth building thru real estate “trading and exchanging” (not for tax free exchange).
These were the most convoluted, confusing, and...