All Forum Posts by: Brandon Croucier
Brandon Croucier has started 2 posts and replied 626 times.
Post: Loan options for 155k mixed-used property?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hey Ian, there is an investor who can get the job done, the rates a bit higher though.
Post: What do you qualify as a proof of funds?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @David Cheng:
$2MM is the listing price.
I've done this many times as a buyer. All it takes is a screenshot of my vanguard. I'm not asking for anything crazy detailed.
Post: What do you call this kind of deal?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Wheres the 20% coming from?
It's just a seller carry & the seller sells the note.
Post: Loan on uninsured investment property
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Are you trolling BP? 0 Chance.
Cmon, pay for insurance or just don't own real estate.
Trying to gain an extra 2-3% ROI and risk your entire principal is just stupid.
Don't be cheap, get insurance.
Post: What do you qualify as a proof of funds?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi David,
Some people honestly do not like jumping through hoops just to go see a property or entertain offers as it just becomes a headache to gather stuff.
On the other hand, if its a luxury property or something worth a couple million, wasting time on non qualified borrowers is something to also consider.
What is the listed price for this property?
Post: Blanket/Portfolio Loans and buying an 8 unit with a single family next door
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Valerie,
Theres a few options you could go about, there are a few investors who can blanket the loans but this is going to be more along the likes of hard money, so increased costs.
I don't think the seller would be opposed to amending the contract and allowing you to close separately (assuming the SFR is a applicable value).
Post: How do I buy 10 rental properties in 1 year?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Joseph Fenner:
Quote from @James Hamling:
Serious question @Joseph Fenner, I am curious the catalyst where you came up with this whole idea of things.
Was there some book you read, some class or YT info you drew upon? Where did this notion come from of going from 0 too 167 properties in 5yrs????
So here is something I wonder if you ever considered in this venture; what if you really suck at it? Serious. How many people set out that they want to be, say, a Dentist only to find they really hate it. And in the path of things, they switch, to say being a Pediatrist.
I am seriously curious what posses one to think there gonna set out to be HUGE, vs setting out to start, try it on, feel things out, focus on the 1 and see where things go from there?
Im sorry, but you really need to enter the real world and get off of the social media motivational videos. You don't even have a job?! Get off of here and get to work, I recommend Sales if you want an opportunity to actually make a lot of money; your goals are not realistic, if you want something you need to put in the work (and then 10x more).
Post: Help me Understand Cash Out Refi for next Property
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Honestly it’s all about opportunity cost.
If that additional cost is going to yield you more than it costs; then pull the trigger .
If you borrow a down payment, it’s going to reduce your cash on cash return as your mortgage payment is increased.
Post: Best Lenders for Canadians to Purchase in Florida
- Lender
- Nashville, TN
- Posts 687
- Votes 279
There’s plenty of lenders around here on BP who could do a great job.
What kind of down payment are you looking to put down?
Do you have US credit?
LTV on foreign national is typically the biggest difference between lenders.
Post: Does anyone know of a DCSR lender in TN that does rural properties?
- Lender
- Nashville, TN
- Posts 687
- Votes 279
With 35-40% it shouldn't be an issue; are you under contract on this?