Before you call a lender, have the basic deal details ready. You don't need a perfect presentation, but a clear starting point makes it easier to discuss the financing. 1. The property Have the address, purchase price and rehab budget ready. 2. The numbers For a rental, know the monthly rent, ann...
Hey BP, I'm curious if anyone has experience using an FHA 203(k), Conventional HomeStyle, or CHOICERenovation loan. I'm very familiar with hard money loans, but I'm curious why I don't hear more about these specific loans. How difficult was the process? What fees did you not expect? What was the ...
Always good to connect with professionals who understand the financing industry. I’m particularly interested in building relationships with mortgage brokers, commercial finance brokers and intermediaries working on active transactions. Interested in exchanging insights, exploring potential deal o...
The brutal truth about hard money is most people seeking it out are not ready for the undertaking. They either have the wrong scenario, they have capital restraints, they lack the execution skills. And the lenders will fund you. They don't play judge and jury on a scenario. It just has to meet th...
I’m curious how private money, hard money, and DSCR lenders are putting AI to work right now. A few areas I’m wondering about: Underwriting and deal analysis (comps, ARV, rehab budgets) Document review – title, appraisals, bank statements Borrower communication and follow-ups Pipeline management ...
Freddie Mac's 30-year fixed average was 7.24% for the week of Oct 29, and investor DSCR loans typically price above conventional owner-occupied rates. A lot of small rentals that penciled a year ago don't clear the bar anymore. Here's the quick stress test I run on 1-4 unit deals before relying o...
We inherited paid off rental properties. 1 house, 2 duplexes We have put in a lot of rehab in the properties to increase rental potential. We were told from a credit union bank we could only pull 50% of home value. We need 75-80% and need to pull from all 3 properties. Does anyone have any sugges...
Hello everyone, I wanted to get more info on what loans/financing exists for investors. I understand commercial loans for multi family listings, but if it is a SingleFam, or a condo, is it also a commercial loan, and the rates are way higher, correct ? Example: if I am looking to buy a Single Fam...
Hi everyone, I’m an international real estate investor currently purchasing my first rental property in Toledo, Ohio, through my LLC. I’m planning to build a portfolio of rental properties in Ohio and would appreciate feedback from experienced investors on the financing terms I’ve received. Prope...
I'm interested in learning from investors who have completed ground-up construction projects. When financing a new build, what did you find most challenging: securing the initial loan, meeting the lender's experience requirements, managing construction draws, or keeping the project within budget?...
Agents, brokers, lenders, contractors, title companies, appraisers, and investors all play a role in getting a deal across the finish line. Which professional relationship has made the biggest difference in your investing business?
Hello! I currently have a DSCR loan at a 7.37% interest rate on a new manufactured/mobile home located on a privately owned lot in Maple Valley, Washington. The property is currently not generating enough cash flow, so I’m looking for creative options to reduce the interest rate or lower the mont...
I know a man who has never missed a loan payment in his life. Actually, he's never made a loan payment in his life. He pays cash for his cars, owns his home outright, keeps money in the bank, and doesn't owe anybody anything. He's something of a survivalist. Not the fellow hiding in the woods wit...
I am a mortgage broker looking for a wholesale lender (not ACRA) who can do a DSCR rate and term loan on a manufactured home. Please let me know if you know of any. Thank you!
Hi everyone, I can no longer attend the upcoming AAPL conference in Las Vegas and have one ticket available for $350. I paid $699. AAPL has confirmed that I can transfer the registration to another attendee. If you’ve been considering going, this could save you some money. Send me a private messa...
As a long established (25+ years) private/hard money lender, I wish all mortgage brokers, note brokers, and financial intermediaries were professional, well trained, had extensive knowledge of real estate finance, and were diligent. However, the majority are nowhere like this “ideal”. The brokers...
My family (spouse and two young kids) and I are planning to purchase a small multi-family in the spring. I've spoken to a few lenders and get the same response: For an investment property, you will need 20-25% down You should look into DCSR (also 20-25% down) I'm not going to be able to convince ...
I've always found it fascinating how much a lender can know about a borrower without necessarily knowing whether the guy is any good at what he does. We want tax returns, bank statements, credit reports, income history, and enough documentation to reconstruct his financial life since kindergarten...
Hey everyone, I’m Nick with 850Floyd Financial. I specialize in helping business owners and real estate investors access funding, and I’m looking to connect with professionals who are open to building long-term referral partnerships. I work with both new and established businesses, offering acces...
I've noticed something strange about mortgage pre-approvals. A buyer walks into a lender's office wondering whether he can afford a house. The lender looks at his income, debts, credit history, and financial obligations, runs the numbers, and announces: "Congratulations! You qualify for $600,000....
Have your basic deal information ready: Purchase price Property details Rehab budget Scope of work ARV/exit value Timeline Exit strategy Investment experience The clearer the picture, the easier it is to evaluate the opportunity. What's one thing borrowers often forget to prepare?
Hey everyone, I’m looking for some real-world insight and tips on converting a primary residence into a rental property. I know standard mortgage contracts have residency and due-on-sale clauses, but I wanted to ask the community: For those who have converted a primary home to a rental, how did y...
Hey everyone, I’m an Account Executive with Civic Financial Services, working with real estate investors on financing for fix-and-flips, rental properties, bridge loans, and ground-up construction. I’m looking to connect with mortgage brokers who work with real estate investors and are open to bu...
I am looking to purchase my first multifamily investment property to BRRRR/househack in Massachusetts. Looking to connect with lenders, agents, contractors, and other investors!
For investors who have used both private lending and traditional financing, how much of a difference have you noticed in the time it takes to close? I’m curious about your actual experience from submitting an application to getting funds ready for closing. With traditional financing, the process ...