All Forum Posts by: Tarik Turner

What is the current value of the property? is it still  78k currently?

Typically a POF letter and executed term sheet from a lender can satisfy realtors seeking approval

So Sorry to hear about this scenario. I can not offer legal advice, but maybe you should post the lenders name so that other potential borrowers who read this post can be aware

sounds like a broker attempting to ensure they get paid

Do you have any rehab or ground up construction experience? 

Yes there are short term loan options specifically made for Flips that include the rehab costs. The will typically lend between 80% to 90% of the total costs not to exceed 75% of the ARV.

You absolutely can refinance all of your properties into a blanket loan, as long as each property meets the lenders criteria on an individual basis 

There are also 30 yr fixed term loans available out there for commercial properties. 

You need to speak with a non QM lender for your refi. That will eliminate the DTI concern that you are facing