All Forum Posts by: Brandon Croucier

Josh, we are entering a period where the FED has came out and said rates are coming down.

Based on decades of data, during market cycles when interest rates are decreasing, asset prices rise. SUBSTANTIALLY.

I highly recommend tapping into your equity and accumulating some more assets at these prices, you will thank yourself in 3 years.

The best and most cost effective way to do so is a simple cash out refinance, I don't think you should touch your primary, but leverage your investments for sure.

Similar products are out there, non conforming full doc loans might just be your best bet.

What part of California are you looking at?

Consolidate the credit card debt into a fixed rate personal loan and begin paying that off.

Go give Dave Ramsey a listen or read his book, Total Money Makeover!

Are you referring to a mortgage or an equity investor?

 Yes Grayson,

Cashflow is hard to come by now.

You shouldn't be looking at real estate to get rich tomorrow or gain massive amounts of capital now.

But as you own the property for years the rents will increase, the asset price will rise, and your loan balance will go down. All while slowly but surely putting more money in your pocket (or other properties) all at once.

Real Estate is a long term game.

Hi John,

For something of this size, the seller might be willing to carry a portion, but odds are your lender wont approve of it.

I would look for an equity partner if I were in your boat.

Looks like you need a hard money loan!
This should be an easy fix, you need about $30,000.

Hi Derek,

Are you looking to blanket the properties or close individually.

Closing individually is going to allow better LTV's, Rates, and flexibility when refinancing or selling.

There will be higher processing and underwriting costs regardless, just due to how much work is involved.

Hi David,

The best way structure this would be with a higher collateralized loan to value loan.

There are a few funds who allow up to 90% CLTV.

The seller is willing to carry, which means, you just need to come in with 10% down.

Hope that helped! 

Hi Griffin,

When you’re looking to rehab properties, ultimately the more you do it, the more experience you gain.

With more experience, we are able to lend you greater amounts of capital at a higher LTV.

Within your first 3 deals, rule of thumb is about 80% LTV + 100% of rehab.

Hope that clarified a bit for you.

Best of luck!