All Forum Posts by: Andrew Zamboroski

I'm selling my condo in Destin FL  my property

we need a DSCR lender to finance the deal. if you are one I can refer you to my real estate agent

we have a contract for 325k

Is there a calculator to use to determine what is the best loan to go with? 

It seems like when you get the quote and when you get to the closing table the loan rate changes from the quote to the signing - how can this be avoided?

I am closing on my first investment property in Temple Texas tomorrow morning with a dscr loan and was sent my closing disclosure only a few hours ago. The lender has the closing costs at $17,000 on a home thats only $165,000 and I am putting down 20%. The property also as mortgage insurance on it which I assumed would not be included with a 20% down on a dscr loan. This seems extremely high to me and it seems like there really isn't much time left to negotiate and wanted to make sure I wasn't crazy for thinking this or if I am missing something. Let me know what yall would do in this situation!

Hi: Have several wholly-owned properties with Section 8/Housing Voucher tenants. Am interested in putting cash-out DSCR financing in place. Can anyone recommend a lender that provides DSCR financing for subsidized tenant properties? Many thanks.

Finishing my first Flip in 2 weeks!!!
looking for a DSCR Loan, ARV 200-220k, rent 1500-1600, Looking for 75%

Why do DSCR loans have a minimum of $100k? (That's what I have seen)

I currently own nine rental properties under my personal name with conventional loans, but since I'm approaching the ten-loan cap, I've started looking into DSCR loans. My initial plan was to continue borrowing in my personal name, but I've noticed that DSCR loans for LLC-owned properties often come with lower interest rates than those held personally.

Based on conversations with multiple lenders, rates for LLC-owned DSCR loans are roughly 0.75% lower (at 55% LTV with points, about 5.95% vs. 6.75%). I hadn't planned on forming an LLC for liability reasons (I'm comfortable with the level of risk in my own name), but financially, the lower rates make LLC ownership appealing. Even after factoring in the added costs of maintaining an LLC, the stronger net cash flow from better rates seems to outweigh those expenses.

I'm trying to make the best long-term decision and set myself up for success, as I plan to purchase at least 10 more rentals over the next two years. Why do LLC-owned DSCR loans carry better interest rates than personally owned ones? Is this just a temporary market trend, or is it likely to remain consistent over time?

I am curious why some clients hate working with brokers? Do they feel they have more control working directly with a lender? Is it a lack of trust? Do they feel they are getting a better deal by going direct? 

Whats the going rate for dscr loans for multifamily investment properties in Ohio? I got one quote so far and it seemed really high.  I'm a new investor with a credit score around 770.

Thanks

I’m planning to refinance my home into an llc and cash out and invest with it. I’m just looking for an easy lender who will explain the numbers and be transparent because the people I’ve been talking to  keep adding new information after email. It’s confusing. 
any help maybe someone is not confusing and be straight forward.