All Forum Posts by: Tarik Turner

What is the name of the appraisal company? 

The appraiser has to be on the lenders 3rd party approved list and then the appraisal would have to be re certified ..

It is a long shot at best but possible -easiest solution would be to go through the appraisal process again

There are portfolio lenders who offer long term products that do not calculate DTI

HELOC's are typically for owner occupied however there are a few lenders who can offer a LOC on investment properties. not my area of expertise but it is a difficult ask

Cash Out Refi maybe the way to go once you have identified a property 

what are you looking for at this time on this particular deal 

An LOC on an investment property is a tough ask. That is usually for owner occupied properties

I agree with @Fred Shatzoff get a mortgage on the property and have it go through the complete underwriting guidelines of the lender.

The other option would be to order a BPO with a really strong realtor 

One tenant moves out of a duplex you are instantly at 50% occupancy. Go 4plex 

Jerry is also correct is is typically 75% LTV for multifamily in some circumstances you maybe able to get 80% LTV

yes you can refi a property that you own free and clear 

You can get cash out after 30 days it just depends on the lender and product.  

As far as LLC vs personal there are pros and cons to each

 Send Me a PM