All Forum Posts by: Tarik Turner

This number can vary from lender to lender and can also move based on credit but for 1-4 units a pretty standard # for a portfolio Loan LTV is 75%

You can also look at Non QM lenders who do not calculate DTI

Yes you can get 30 yr fixed term loans on investment properties held in an LLC

Look at Non QM lenders, most do not calculate DTI when analyzing loans. (rates will be a bit higher)

There are lenders with less than 6 month seasoning periods for rental properties based on the appraised value however your rates will be higher... it is a trade off for sure

You can cash out to an LLC either keep trying small banks in your area or look at No QM lenders who lend in your area

You would not be allowed to occupy the property. You would have to apply for a conventional loan in that case

Be careful due to covid most lenders have lowered their LTV on long term commercial Loans (5+ units) Most are at around 65% LTV right now if they are touching them at all.

Also another thing to consider is their will be a pre pay penalty on your hard money loan 

That doesn't sound accurate but i these days lenders are making up the rules as they go along

Not really sure what the actual scenario is but it sounds like you want to do a low doc or no doc loan for an owner occupied which is something  non QM lenders would pass on.  If it is for an investment property then it might be a good direction to go in