All Forum Posts by: Tarik Turner

So you are only taking out a loan for 25% of the ARV ? (183K)

Most HML would go up to 70% to 75%

Also you can still refi once completed under your LLC but the rates will be slightly higher.

Typically 6% to 7.5% depending on credit.  

The main issue here is just researching the pros and cons of keeping a property in an LLC

What rate are you currently at with your 15 yr product

agreed stated income portfolio Loan is the way to go

Is the project also in AZ?

Just lower your LTV

You can never have too much equity in a deal!!!!

As long as you have the down payment for the property the answer is YES 

you would need about 20% to 25% of the purchase plus enough cash to cover the closing costs 

Not sure if i understand your question correctly 

But there is no down payment on a Refinance of a property that you already own/have an existing note on. 

Are the units occupied or Vacant?

Where is the property located?

You might be able to get a lower rate than the 7.5% on your 3rd option (Depending on the details obviously)