I'm looking for a lender experienced with DSCR cash-out refinances on true log cabins operating as short-term vacation rentals in the Smoky Mountains. My property is an established five-bedroom, 4.5-bathroom vacation rental in Sevierville, Tennessee, accommodating up to 16 guests. Estimated prope...
I know a mortgage normally would not fit under the 'creative financing' category, but this is a special category, so I thought I would give it a try here. My wife and I bought a property two months ago planning on flipping it. Then probably about the 100th time we heard the word BRRRRRRRRRRRR (ri...
I have a rental property in Memphis that I currently owe roughly $60,000 on, that is worth about $135,000. The mortgage broker I have been working with says he can not do a cash out refinance because I currently have 5 properties with mortgages. Can someone suggest a bank or contact in Memphis th...
My parents have a property in San Francisco currently doing a major $700k+ remodel, including addition of a legal ADU, making a SFR into a legal 2 unit property, likely appraise for over $2 mil in a few months. These 2 units are rented out to family at way below market rent, but to recoup the rem...
Lenders seem to be tightening DSCR requirements lately. Anyone seeing real differences in refinance terms between a 1.0x and a 1.25x+ deal in this rate environment?
Subject-to gets pitched as simple — take over payments on the existing loan — but the deals that go sideways almost always trace back to skipping the same step: actually verifying the loan. That means confirming the real payoff balance, the payment history (is it even current?), the interest rate...
Investors come in different sizes and levels of experience, from small or newbies to seasoned investors. And just like and tradesmen, experience often means knowing which tool to use, and when to use it. That brings me to HELOC's. "Are you using your HELOC as the whole solution-or one piece of th...
I keep seeing a particular problem with otherwise viable real estate deals, and I'm interested in how other investors are solving it. The property has substantial equity, sometimes hundreds of thousands of dollars, but the owner can't access it. The bank says no. DSCR doesn't work. A hard-money l...
Has anyone done a HELOC on and investment property or know lenders who will take a second position on a Equity line? I have a primary with too good a rate to refi, but have significant equity I want to tap without selling. Advice?
I have never pulled comps on a deal I funded. I do not ask for your ARV, your rehab budget, or your rent estimate. That surprises people, because every other lender they have talked to starts there. Do you know what a transactional funder is actually underwriting? If you assumed it was the proper...
I see alot of people who purchased around early 2020's who want to access cash from their investments but cant refinance without messing up their cashflow. Is anyone here running into similar issue?
What types of financing are working best for you right now when a deal is a little tight on cash flow? Are you finding better results with DSCR loans, adjustable-rate loans, seller financing, interest-only options, or something else? With rates and expenses where they are, I'm interested in heari...
Hello Everyone, I recently heard about a loan product called an HEI - Home Equity Investment. I spoke with a senior client who has significant equity in her home, however is in need of some cash to sustain her financially. I have done some preliminary research on companies such as Point and Split...
Hi, I am trying to finance my first multifamily. I have 15 cash flowing properties with $900k of equity, since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment. any advice or ideas please? Thanks, Jemma
Hi everyone, I am wondering whats the difference in the THDA loan? Pros and Cons, i am hearing that a first time buyer in Tennessee can receive 15k towards a property is this true and are there any repercussions? Thanks in advance.
What has been your experience selling with seller financing? Are you basically a glorified landlord or has your experience been better? What were the terms of your your loan? Did you sell the loan to a note buyer? What loan terms are note buyers looking for? I know a lot of questions but your exp...
I own a property in Leander, TX 78641, currently worth approximately $365K. The current lease runs through August 31, 2027, with base rent of $2,200/month plus a $25 animal fee. The loan is current. I’m flexible on what I receive from the property depending on the overall structure. My main prior...
One of the advantages of knowing financing is that I can often take a deal that doesn’t work and find another way to structure it. That’s also one of the dangers. The original financing doesn’t work. Fine. Change the leverage. Bring in more equity. Extend the term. Find different money. Change th...
Investor newbie here, but not new to crowdsourcing or running my own business. I'm looking for creative ways to leverage my skills in social media, crowdfunding, and narrative storytelling to build up an audience for my flip before I ever start renovation. I don't even have a property right now, ...
Hi, my name is Rose. I’m working on a BRRRR deal and want to sanity-check the financing structure before I move forward. I found a property with a purchase price of $50,000, with the seller offering owner financing: $6,000 down, 12% interest, 2 points, 10-year amortization. The property needs reh...
Hello everyone, I have been doing some research into creative financing and specifically partnerships. I think they are one of a few options that really make sense for me and my goals. If you have had experience either on the capital side or management side of one of these deals and are willing t...
I’m looking for advice from experienced investors, lenders, and anyone who has handled a similar situation in Florida. What would you do if you were in my position? My father is currently on the deed to my primary residence in Pinellas County. I’ve lived here for more than 10 years and make the p...
Do you typically arrange financing: A) Before searching for properties? B) Once you find a potential deal? C) After getting under contract? D) Somewhere in between? I'm curious how investors balance having financing ready with not wanting to over-prepare for a deal that may never happen.
Hey BP, Looking for input from anyone who's actually structured this, not just theorized about it. The situation: I have a Denver condo/loft with an existing conventional mortgage (UWM, originated 2020, 2.875% rate, ~$420k original balance). I'm considering seller financing this property to a buy...
What have peoples experiences been with creative financing? What has worked well? What has not worked well? What advice do you have to someone considering creative financing?