All Forum Posts by: Brandon Croucier

Actually licensed by NMLS & Reviews will be your best bet.

What price point did they acquire the properties?
When did they acquire the properties?

How much work needs to be done? ($ Figure)

What is the ARV?
What is the exit stratedgy?

It really depends on your goals & investment strategy.

If your goal is to own properties free & clear faster, a 15 year fixed would do better for you.

But if your goal is cashflow & to accumulate more properties, have better ROI (compound interest / acquiring more properties) then a 30 year fixed is better for you.

Yes you get a slightly lower rate on a 15 year rather than a 30, but if you decide you want to make extra payments (on a 30 year) to shorten your term, you can.

Hey Charles, Yes!

A DSCR loan Rate & Term Refinance would be the best product for you.

A DSCR loan will not take into account any of your personal income & it wont even report on your personal credit report.

You can close in a trust or LLC, as long as the property has appreciated enough to cover the lower LTV you shouldn't need any cash to cover the remaining principal balance.

I am happy to connect & give you some more guidance should you need any!

Hey Raul, based on the numbers this seems like a great deal, it has plenty of margin.

Are you looking for debt for financing or are you looking for a equity partner?

It really depends on the lender, some are going to be fine lending the money with debt as the source of down payment, and some will not let that fly.

Can I ask what kind of mortgage product you are attempting to use?

So he's not charging you any interest, simply just paying down equity for 12 months?

Hey Ryne!

Have them move out & do a bailout refi loan on non owner occ.

It really depends on a lot of factors, the location of the property, the location of the broker, the type of product used, the specific investor used.

I would guess around 2 points, plus underwriting & processing fees would be fair on something like this assuming par pricing.

Whats been your constraint? Investors with a good level of experience in flipping can get up to 90% LTV on a purchase + 100% of rehab. Are you not able to come up with the down payment + closing costs on these deals & are looking for someone to come in and fund that portion of the deal?