All Forum Posts by: Anthony Sigala
Anthony Sigala has started 7 posts and replied 24 times.
Post: How Can I Finance a BRRRR
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Andrew Syrios:
Why are they saying they're declining you? Is it a matter of not having sufficient income or not being at your current job for long enough. It's hard to say why with just what's been presented.
That being said, hard money is quite expensive. If you can find a private lender, that is generally a much less expensive way to go. Although they aren't easy to find particularly when you're just getting started.
They are denying me based on the reasons given in the original post; that is because I do not have 3 trade lines that are above 24 months old.
Post: How Can I Finance a BRRRR
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Andrew Syrios:
Why are they saying they're declining you? Is it a matter of not having sufficient income or not being at your current job for long enough. It's hard to say why with just what's been presented.
That being said, hard money is quite expensive. If you can find a private lender, that is generally a much less expensive way to go. Although they aren't easy to find particularly when you're just getting started.
Post: How Can I Finance a BRRRR
- Investor
- Arizona
- Posts 25
- Votes 8
Post: How Can I Finance a BRRRR
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Zach Berry:
Quote from @Anthony Sigala:
Over the past ten years, I have not taken on any debt, and all of my cars and things have been purchased for cash. About 3 years ago, I opened a credit card. That's the only debt I've taken on within a ten-year period. Hard money lenders that I've spoken with require 3 lines of credit with at least 12-month history each.
5 denials so far... Any ideas.
Anthony - hope all is well. Sounds like you've been through the ringer. My company, Easy Street Capital, is a national direct lender and I don't have any tradeline minimums for Fix/Flip and DSCR loans. Happy to help if you're still having trouble, feel free to give me a shout!
Easy Street Capital is one of my 5 denials based on tradeline minimums. I'm open to talk again, if you think we can make something happen.
Post: How Can I Finance a BRRRR
- Investor
- Arizona
- Posts 25
- Votes 8
Over the past ten years, I have not taken on any debt, and all of my cars and things have been purchased for cash. About 3 years ago, I opened a credit card. That's the only debt I've taken on within a ten-year period. Hard money lenders that I've spoken with require 3 lines of credit with at least 12-month history each.
5 denials so far... Any ideas.
Post: Any advice on where to find wholesalers in Indiana?
- Investor
- Arizona
- Posts 25
- Votes 8
Any advice on where to find wholesalers in Indiana? Trying to get my deal flow going in that market.
Post: Seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Jaycee Greene:
Quote from @Anthony Sigala:
I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only. DM me if interested.
Hey @Anthony Sigala! Can you share the ARV and average rents for the property, along with the zip code of the property and the number of bedrooms?
Hey guys,
Let me know if this helps.
Loan Amount 110k
Currents Rents $1,375/mo
Market Rents $2100
5 bed 3 bath
Post: Seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Jaycee Greene:
Quote from @Anthony Sigala:
I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only. DM me if interested.
Hey @Anthony Sigala! Can you share the ARV and average rents for the property, along with the zip code of the property and the number of bedrooms?
DM and I'll provide a detailed analysis. I will get it to you later today.
Post: Seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%
- Investor
- Arizona
- Posts 25
- Votes 8
Quote from @Brandon Croucier:
Is this a Rehab deal or a cash flowing property?
Happy to help
Post: Seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%
- Investor
- Arizona
- Posts 25
- Votes 8
I am seeking a loan on a LTR that has a rent to value of 1.3% with the potential of 2%. 30 year amortization or interest only. DM me if interested.