All Forum Posts by: Austin Clarence

Yes there are a lot of HELOC options for rental properties. Its gotten a lot easier over the past few years to do. There are options now with no appraisal and it takes less than a week to close.

Its rare for DSCR loans to be anything other than 30 year fixed. If you would like a quote or more info please reach out.

 I sent you PM, thanks

Hi Derek, There are more DSCR options than you think that have no prepayment features. Some of my best priced DSCR investors I work with as a broker do not have prepayment clauses.

When rates fall tons of homebuyers are going to enter the market and it will become even more of a sellers market. 

Yes you do not need to have been working for 2 years. If you were in school this is part of your work history, if you took a leave of absence you can say that. If you have been working for 6 months and full time there will be loan options.

IF its an investment purchase you can do DSCR where you solely need the rental income and no personal income

The Greenberg Group based on the east side has been an asset for me, real estate focused CPA firm. I have been using them for years. 

Harrison Greenberg

TEL. (415).350.5306

EMAIL. [email protected]

https://www.gbgroupaccounting.com/

Quote from @Joel Diaz De La Rosa:

Does anyone know of a good lender that offers DSCR Loans for a multiuse property in Wisconsin. I'm looking to do a cash out refinance on a 2 unit property. 50% residential/50% commercial. I bought it for $71,000 and is now worth $193,000. The lender that currently approved me seemed overpriced (High Fees & Interest Rate). Attached is a photo of the offer. Is this exaggerated? My credit score around 746.

 That pricing seems away offer. You should be below 10%. Shoot me a message I can prepare a quote for you in seconds. Thanks

Hi Manju, I would love to connect and give you a quote immediately after leaning a couple quick pieces of info. My cell is 650-906-2376 or please shoot me a message. Thank you 

Jan is awesome and easy to communicate with

Jan Hiti. Realtor® | DRE #02082740. jan.hiti@compass.com · M: 415-309-0883

There are a lot of HELOC options for investment properties, but I think the issue is the HELOC being accepted on the specific subject property? Is it an actual apartment or 4 units or under?