All Forum Posts by: Andrew Kougl

Quote from @Orhi Tahi:

Quote from @Andrew Kougl:

@Jordan Becker

I was in the same position as you, looking to expand into new markets and Davenport showed promise. I haven't been able to find anything yet but did set up a "team"and am happy to share contacts.

Andrew, I am looking into Davenport aswell. Can you share your contacts w me aswell please ?

Realistically it's been over 4 years since I communicated with those contacts so it's outdated information. My recommendation would be to reach out to investors currently investing in the market and call them to get referrals. Typically those lenders, agents, property managers etc. that they suggest will also be able to provide referrals. As you talk to more people and educate yourself on the market you'll get a feel for how similar vendors compare and can make a decision on who to hire. 

I use State Auto for my KY multifamily. 

Hi @Andrew Greer, are these events always in the middle of the day?

@Thomas Johnson If you are still looking for funding, I may be able to help. DM me if you're still seeking a solution.

HELOCs are variable interest products. Mine is currently at 11% interest. PML are likely charging more than 10% in the inflationary times we are in now. If a conventional lender is at 7%, a HML will be at least double that. Doing a BRRRR right now is challenging with rates in flux and ARV's potentially swaying with the market softening.

@Chris Brall

You will likely need a bridge loan from a private investor or friends/family to cover off on the 90% and then get an appraisal from a conventional lender with an ARV that's high enough to pay back your loans.

Congratulations, mind posting your numbers? People are finding it hard to a) get their investment back out and b) cashflow with the interest rates what they are. I'd love to hear more specifics about your deal.

I just spoke to a portfolio lender about this today actually and they said they were not willing to do something like that. So even if the buyer and seller agree, it's really the lender holding the original note who gets to decide whether they are willing to let the buyer assume the existing mortgage (at presumably a lower rate) and forgo the finance fees and higher interest they could collect by generating a new loan on that property.

Quote from @James Wilcox:

Quote from @Andrew Kougl:

Need to refinance my ARM, currently at 4.5% on a 4 unit in Kentucky owned by my LLC. Can anyone recommend a lender who would refinance and is offering rates under 6%?

Appreciate any referrals!

 Where at in KY?

 Hi James, it's in Frankfort KY, just outside of Lexington.

Thanks!

Need to refinance my ARM, currently at 4.5% on a 4 unit in Kentucky owned by my LLC. Can anyone recommend a lender who would refinance and is offering rates under 6%?

Appreciate any referrals!