All Forum Posts by: Alex Bekeza

See what our Bigger Pockets clients are saying -- > Bigger Pockets Reviews
See what others are saying on Google Reviews & Yelp Reviews

About us --- > https://investorpropertyloan.com/about-us/

How to request free quotes:

• 12, 18, or 24 Month Purchase & Rehab Scenarios - Purchase & Rehab Inquiry
  

For Purchase + Rehab

• 12, 18, or 24 Month Term Options
  
• NO Prepayment Penalty
  
• Up to 90% of purchase price + 100% of rehab (not to exceed 75% ARV)
  
• Interest Only Payments (interest is only paid on drawn balance)
• Minimum 700 FICO
  
• LLC Required
  
• 1st Time Investors Ok at reduced leverage (if they own primary residence)
  
• Loan Amounts from $150,000-$5,000,000
  
• 1-4 Unit Residential Properties Only
• *Options for no Appraisal!

1. Los Angeles
2. San Diego
3. San Jose
4. San Francisco
5. Fresno
6. Sacramento
7. Long Beach
8. Oakland
9. Bakersfield
10. Anaheim
11. Santa Ana
12. Riverside
13. Stockton
14. Chula Vista
15. Irvine
16. Fremont
17. San Bernardino
18. Modesto
19. Oxnard
20. Glendale
21. Huntington Beach
22. Santa Clarita
23. Garden Grove
24. Rancho Cucamonga
25. Santa Rosa
26. Oceanside
27. Ontario
28. Elk Grove
29. Corona
30. Lancaster
31. Palmdale
32. Salinas
33. Hayward
34. Pomona
35. Escondido
36. Sunnyvale
37. Torrance
38. Orange
39. Fullerton
40. Thousand Oaks
41. Visalia
42. Simi Valley
43. Concord
44. Roseville
45. Santa Clara
46. Vallejo
47. Berkeley
48. Downey
49. Costa Mesa
50. Inglewood

I'm thrilled about a new tool we've launched that allows borrowers to get their own real time pricing for DSCR loans with a few simple clicks 24 hours a day 7 days a week. This portal is not only great for getting the submission process started with us but also an awesome tool to play with when pre-underwriting deals. We're going to continue to add features every single week to enhance the user experience and make getting a DSCR loan as easy as possible without loosing the white glove service touch which earned us so many 5 star reviews. Link to our google reviews

Here's the link to this new tool - www.investorpropertyloan.com/DSCR

While our company does still offer other unique products, this tool will be unique to long term rental units. So if you have a short term rental, flip, or other unique scenario we can still totally handle that but it would fall outside of this new calculator.

C'mon guys @Ale Ayestarán posted this 3 weeks ago and I'm really going to be the 1st one on this thread to try to solicit his business for DSCR loans on those out of state rentals?! I'm just kidding. Welcome to BP @Ale Ayestarán .  Just a FYI the last CEO bought me a beer in NOLA one time, just sayin'.  

I consider myself a BP Thoroughbred in the sense that I hopped on here 8 years ago not knowing anything about RE but through countless hours of podcasts, forum surfing, meetups, and networking I've created a portfolio I'm very proud of for my young family.  That being said, I have a huge sense of gratitude to Bigger Pockets and I'm interested to see how tech can be used to enhance it.  

I'd be happy to chat about the Find A Lender tool anytime and something we're working on in "the lab" right now to make the DSCR origination process as streamlined and user friendly as possible.

Bumping this post up for visibility for tomorrow's event! 

I like working with lenders who make the process as easy as possible.  I'm willing to sacrifice a few BPS to avoid an exhaustive underwriting process.  

It's important to compare the overall value of 

-Loan Terms/Cost (interest rates + fees)

-Leverage Offered (LTC vs ARV maximums)

-Loan Term (always want a minimum 12 month term with no PPP even if I'll be out in 90 days)

- Draw Process for rehab funds (how easy do they make it)

- Reputation ( what do google reviews say/do I know any other investors who have used them)

-Communication (how frictionless is it to communicate with them? I try not to be a needy client but expect reasonable response time/updates)

@Ryan Klein You should connect with @Yuriy Skripnichenko. He's an experienced BRRRR investor himself and Property Manager in Philadelphia.

I have a link in the BIO section of my BP profile where you can see today's DSCR rates with just a few clicks. You simply enter some basic details on the scenario and get instant rates/terms/payments etc where you can toggle things like LTV/FICO/etc to see how it changes things. We don't even ask for a name or number unless you like the terms and want to take next steps.

The best way to build relationships is simply by doing a lot of business, referring others, and being easy to work with! There's so much demand and competition in the nationwide business purpose lending space that it's honestly just a lot more transactional than needing to wine and dine the lender. That being said, you can get a good idea of what it will be like working with a lender by checking out their google reviews. 

@Richard Mark The 1-4 unit fix and flip/purchase & rehab market is very competitive and I'd say none of the major players charge up front fees prior to closing unless they're requiring an appraisal which they'd pass the cost of to the borrower. 

I'm thrilled about a new tool we've launched that allows borrowers to get their own real time pricing for DSCR loans with a few simple clicks 24 hours a day 7 days a week. This portal is not only great for getting the submission process started with us but also an awesome tool to play with when pre-underwriting deals. We're going to continue to add features every single week to enhance the user experience and make getting a DSCR loan as easy as possible without loosing the white glove service touch which earned us so many 5 star reviews. Link to our google reviews

Here's the link to this new tool - www.investorpropertyloan.com/DSCR

While our company does still offer other unique products, this tool will be unique to long term rental units. So if you have a short term rental, flip, or other unique scenario we can still totally handle that but it would fall outside of this new calculator.