All Forum Posts by: Tarik Turner

Quick answer to your question- which has been asked often on this forum is

You max out at 10 conventional loans but you can get as many commercial/Portfolio loans as your little heart desires

Sounds like you are doing great work keep it up... love when people show appreciation to those who assisted 

Sounds like these are all just preliminary discussions just be your self let them know what you plan on doing. find out the loan costs, the rates, time period you would have to wait prior to your refi, loan terms, loan min/max, what documentation is needed, what is the criteria needed to be met for approval

More info needed and you will get more assistance 

Primary residence or investment property? 

How is the property held? 

What would the loan amount be for your rate term refi?

So many variables there including which lender he is using. but 30 days is standard for a conventional loan option 3 weeks for a portfolio lender. Usually the biggest part of any loan is the doc collection and appraisal - if all docs were submitted and the appraisal is done the only other hold up could be the title company (Which you should be able to contact them directly if that is an issue)

* obviously there can be other factors but on a clean loan with no issues it shouldn't be a drag through the mud

You can go either direction. If you can qualify for an SBA then by all means that is the best bet but there is a scenario that would work that includes you taking on a commercial loan or even a bridge loan just to get into the property until things are up and running 

If you are seeking an investment property, Apply with a portfolio lender most do not calculate DTI and offer some form of stated income program

The size of the loan would be your major hurdle.  

what are your rehab costs and arv? 

What is the breakdown of your deal? Purchase Price Rehab Costs and ARV on your deal?

Corevest is a legit company and not too difficult to deal with

You don't need to set up a new entity actually.  However you will have to speak with a CPA in regards to the taxes for both states