All Forum Posts by: Tarik Turner

What type of loans are you looking for

Congrats and well wishes on your journey 

How much are the properties worth?

How much would be needed in repairs?  

If you have 15% of total costs you can more than likely make a short term fix and flip loan work

This is usually an easy fix on a long term rental loan for residential properties 1-4 however since it is a mixed use property I agree your best bet is a bridge loan 

Sent you a PM

You can refi in as little as 30 days with some lenders

Not all lenders calculate DTI -

On your sellers note does it stipulate that a portion of the rent payments would go towards the principle purchase price? 

If so you can probably use the contract to purchase the property from the seller with the payments made being considered as a portion of the down payment. 

Also was the contract at least notarized?

you can get a rehab loan on this project based on the arv however unlike 1-4 unit rehabs you will probably Max out around 80 LTC ..