All Forum Posts by: Brandon Croucier
Brandon Croucier has started 2 posts and replied 626 times.
Post: Purchase under an LLC or not?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
The main way to reduce your DTI from RE is using a DSCR loan, however using an LLC is recommended to do so more effectively.
Post: Refinance or Not to refinance
- Lender
- Nashville, TN
- Posts 687
- Votes 279
I wouldn't think is is worthwhile as you have so many loans at low interest rates; just sell and move on.
Are you asking from a tax perspective? I'm no tax pro but I don't think the debt really matters, you will still pay capital gains.
Post: Portfolio Lender with Assets Nationwide
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Chris Seveney:
Quote from @Brandon Croucier:
We have a direct product that does portfolio/blanket loans, even if the properties are out of state .
How many properties are in the bundle?
Why not just do regular cashout refi ?
They buy and sell properties and are looking for a lender they can add properties to it if they sell a property. They typically don’t go above 50% ltv and usually pay cash for the properties.
The only people who would do this is private individuals with deep pockets.
Post: Portfolio Lender with Assets Nationwide
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Well once the loan is Originated there’s no taking one out and adding another, I wouldn’t touch a blanket in that position then, there will be difficulty taking one out/penalties, definitely just suggest a cashout refi.
The difference is just UW fees, better than paying a 20% increase at payoff to remove properties.
Post: Portfolio Lender with Assets Nationwide
- Lender
- Nashville, TN
- Posts 687
- Votes 279
We have a direct product that does portfolio/blanket loans, even if the properties are out of state .
How many properties are in the bundle?
Why not just do regular cashout refi ?
Post: Looking to Connect with Private Money Lenders
- Lender
- Nashville, TN
- Posts 687
- Votes 279
LOL, BP Support is shaking now
Post: Using cross-collateralization as a method of down payment
- Lender
- Nashville, TN
- Posts 687
- Votes 279
There is a product for this, but honestly its going to be more along the lines of hard money.
You are going to save $$$ by just simply doing a cash out refinance and using that as your down payment; especially if you have good credit.
Post: Use Substantial Home Equity to Buy Investment or Buy New Primary?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Angelica Crawford:
Quote from @Brandon Croucier:
Buy where you see the greatest ROI over the next 10 years, forget the primary.
The difference in interest rates will be negligent if your buying the right assets in the right places.
Thank you, Brandon. Honestly that's the reason I even considered a cash out refi sacrificing my low rate for a greater return in an investment. Just having a hard time seeing those 10 yr numbers based on each scenario. I'm curious if you mean CoC or ROE or both?
Both, whatever is going to increase its return on investment the fastest (equity or cash).
Post: How U.S. can lower housing prices? And Could Trump look at Broker model as Broken?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
I couldn't disagree more,
The cost of deals falling apart because of incompetent LO's alone is far more costly than dealing with a broker.
Even more so, as a broker; clients come to me with term sheets from direct lenders all day long and I beat them hand over fist. Never mind the quality customer service you get from an LO who is more incentivized to close your loan rather than a W2 employee who is paid hourly with small commission bonus.
I've worked for a few direct lenders and theres a reason the cream of the crop become brokers; half of W2 employee LO's have no idea what they are doing...
If I'm buying a property, I want a good quarterback directing me through the process, not a third string who is lucky to see the light of day.
Post: Missed 11 month warranty - no communication from tenant
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Adam Bartomeo:
@Brandon Croucier That isn't correct... state laws allow you to enter the property within certain time periods, normally 24 hrs, with or without permission.
evicting them. Tenant has done nothing wrong.