Cash out Re Finance for a Ex felon.

[Lance Bean]

I currently have a real estate portfolio worth 2million dollars free and clear. Looking to do a cash out refi for about $500k. Have a opportunity to buy 25 more doors. Having a issue getting funding from banks because I am a ex felon. Do anyone know any banks who would look pass my record? 

[Andrew Garcia]

Hi @Lance Bean, as long as your record does not contain a felony for fraud, I would be able to help you out. 

Feel free to shoot me a message.

[Erik Estrada]

@Lance Bean Have you considered purchasing under an LLC? If you currently have $2 million in assets some lenders might not even care to run a background check (if it's not a primary residence purchase). I can take a look if you'd like.

[Frank Avallone II]

@Lance Bean I should be able to help you out with this.

[Matthew Crivelli]

Private 30Y mortgages (DSCR loan) would be available if you have a friend / family member or bussiness partner who would be willing to come onto the deal and sign for you. Open a new LLC, add an additional member (person signing) and you should be good to go as long as they have good credit. I would be happy to take a look! @Lance Bean 

[Lance Bean]

Quote from @Andrew Garcia:

Hi @Lance Bean, as long as your record does not contain a felony for fraud, I would be able to help you out. 

Feel free to shoot me a message.

[Lance Bean]

I sent you a request 

[Lance Bean]

@Eric Estra yes. All my properties are under my LLC. And I am the sole member of the LLC.

[Lance Bean]

@Eric Estra yes. All my properties are under my LLC. And I am the sole member of the LLC.

[Lance Bean]

Quote from @Matthew Crivelli:

Private 30Y mortgages (DSCR loan) would be available if you have a friend / family member or bussiness partner who would be willing to come onto the deal and sign for you. Open a new LLC, add an additional member (person signing) and you should be good to go as long as they have good credit. I would be happy to take a look! @Lance Bean 

[Lance Bean]

@Matthew Crivelli thought about that. Takes a lot of time which I don’t have. Have a big deal coming up need to liquidate asap. 

[Lance Bean]

@Andrew Garcia hello Andrew. No fraud at all. Great credit. 

[Kerry Noble Jr]

You can have Private Notes put on your portfolio.......and they would give you that cash

[Eliott Elias]

You can use non qualifying loan products like DCSR 

[Alex Hunt]

I can help with either a DSCR loan( Non- QM) or a bank loan, will be as cheap as it gets only asking for 25%LTV