All Forum Posts by: Brandon Croucier

 It really depends on the scenario.

If someone is in deep waters, BK, foreclosure, terrible credit, etc.

You don't want to be above 60% LTV as that borrower has an incredible risk of default.

***You'd want to make it worthwhile to foreclose and also be safe***

If someone is an A Paper borrower just needing to close fast, some of my investors will go 75 LTV.

You can also always feel more comfortable on a purchase rather than a refi, as people are bringing skin into the game, not trying to exit.

You've gotta work with someone who understand the investor route, a broker, who knows who can actually get the loan done is your best bet!

If its not on your credit report, it shouldn't be calculated; I would use a bank statement loan to avoid your tax returns being requested at all.

Best of luck!

Theres plenty of good lenders around here who will try and earn your business.

What are the purchase prices of the duplex's?

Zillow is by far the easiest application process 

 If you can have a net positive within 24 months, probably worth doing.

Absolutely!

You can refinance your HELOAN.

What’s the current value?

Current note?

Cost to rehab?

ARV?

I wouldn’t pay 20 points for a 2% rate.

Sounds like they should return the paint and pay their rent.

Evict them, if they don't respect you or your property, this is just the beginning.

It all comes down to action Emmanuel. Just like anything in life.

Once you have made the decision, this is what you want to do.

You need to have tunnel vision on your goal.

If your saving up for a down payment, work an extra job, side hustle, reduce expenses, whatever.

Finding cash flowing properties is not hard to come by, your first property does not need to be perfect or give you the absolute best return; you need to acquire it as soon as possible to start the compounding effect.

Hope that helps :) Lets get to work