All Forum Posts by: Brandon Croucier

Hey Gil,

I was located in DFW for some time, happy to connect!

Theres plenty of lenders around here who can help! Happy to connect!

I've seen cases where people "purchase" a home with seller financing but end up never being owner on title. They rehabbed the whole thing and never had a legal binding vested interest in the property. Always consult attorneys.

Are you 100% sure your on title?

Plenty of Hard Money Lenders are willing to work with new investors.

But that doesn't mean they are going to lend outside of their parameters.

The most common issue I see with new investors is subpar credit & sufficient working capital.

These things are necessary to mitigate risk for a hard money lender.

Once these things are in order, you could be off to the races !

Something like this is almost certain to guarantee high rates.

If the deal is profitable, who cares about the rate.

Look at your COC return & decide if the deal makes sense for you.

If a deal yields 12% COC with a 10% interest rate, thats still a better deal than a deal with a 9% COC at a 7% interest rate.

This thinking comes from an abundance mindset rather than a scarcity mindset.

Well your in the right place, plenty of DSCR lenders in these parts.

What are you looking to do, acquire a property or refinance a property?

There are investors who go up to 80% Cash Out.

But it nearly never makes sense, the rate is typically 1-2% higher and points are also an increased 1-2% higher.

Meaning to pull out 5% more, over 12 months you'll pay an additional 3% of the loan amount.

You would just be giving away money at that point.

75% will get you solid terms, its not a bad play to leave money in deals.

We are not in a perfect world, but I think we can make this deal work, DM’d you.

Not a fan of conventus.

James I closed your loan last time, why didn't you give me a call :/

I have an investor with min loan of 75k on rehab deals.

Happy to connect!