All Forum Posts by: Alex Bekeza

@Chris Lawrence Best use of wedding funds I could possibly imagine!  haha congrats on tying the knot and pulling off this deal. I'm sure those life lessons have a value many times the $8k you walked with.  

@Robert J Carlson  Origination fees vary with loan amount and there aren't any out of the ordinary fees.  Just standards title,escrow, appraisal, underwriting, etc. 

Send me an email with a little info on your scenario and we can price it out together.  Feel free to give me a call if you prefer that although I'll be on a conference call this morning from 10:30-11:15 ish PST.

All the best,

Land Brothers Mortgage specializes in asset based lending with no income verification! 

We can offer 30 year terms, fully amortized with rates starting in the low 5% range

• 5/1, 7/1, 10/1 and 30 year fixed options available
• Non Owner Occupied Properties Only
• Cash Out Refi/Rate & Term Refi up to 75%
• Purchase up to 80/85% LTV
• Loans are based on the property's ability to cash flow
• Minimum FICO 680

Send me an email to [email protected] with "Bigger Pockets Ad" in the subject line and I'll reach out to you promptly to price out your scenario for you.  Please include some basic details in the intro email such as subject property address, requested loan amount, FICO, estimated property value, current mortgage, rental income, etc.

I look forward to helping you increase your cash flow!

All the best, 

@Anthony Pasciolla One free tool you can toy around with to look at various local metrics is richblockspoorblocks.com

@Arsen Atanasovski Forgive me, I was replying as if this was regarding our line of credit product.  Individual rental loans with these products have a $75k minimum!

@Arsen Atanasovski The minimum individual deal size is $50k and we set lines for up to $10 million.  Minimum line size is $500k so there is a minimum of $100k or so in combined liquid assets to qualify. 

@Brian Claar That sounds pretty good.  The 85% LTC on 5-20 units is certainly competitive.  Their jurisdiction is a little too micro-local but if you want to PM their contact info I would definitely like to keep it logged for future reference. 

@Brian Claar We don't see enough 5+ unit flip breakdowns on here. Thanks for sharing!

What type of leverage and rates did Pioneer offer on the rehab?

Land Brothers Mortgage Specializes in Asset Based Lending

• 30 year terms, fully amortized
• Rates in the 5.25-6.5% range on 1-4s
• Rates Fixed for either the first 5, 7, or 10 years with 30 year fixed options available
• Loans are based on the property's Debt Service Coverage Ratio, not borrower DTI
• Up to 75% LTV on Cash Out Refi's and 80% on Purchases
• Non Owner Occupied Properties Only!
• 650 Minimum FICO

Send me an email with some information about your scenario with "Bigger Pockets Ad" in the subject line and I'll reach out to you in a timely manner. 

All the best, 

Land Brothers Mortgage is now offering a Fix and Flip Line of Credit for Experienced Flippers.

• Line Amount = 5x your total liquidity (100% cash in personal/business + stocks, 70% of mutual funds, and 50% of any unused HELOC funds)
• Use the line to draw 90% on purchases and 90% on rehab costs
• Interest starting at 6.99%
• Minimum FICO 700
• Minimum 4 flips experience

Are you an all cash buyer? We'll Refi you at 90% of purchase, get you your cash back and send you off to buy the next one!

Use hard money? Our leverage and costs will win 7 days a week, 365 days a year.

Reach out and let’s talk about your flipping business!