All Forum Posts by: Brandon Croucier
Brandon Croucier has started 2 posts and replied 626 times.
Post: 30 year Fixed loan, non owner occupied.
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Agustin,
Would love to assist you as a DSCR loan is most likely your best bet!
Post: Primary residence mortgage for retirement
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Min Liang:
@Brandon Croucier
But my wife can move first… does that count?
Yes, if she is a borrower on the loan, that will suffice.
Post: Hard money lenders
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Kevin,
Happy to connect as I lend all over the map!
Post: BRRRR Deal Paid in Cash Financing Options
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Charlie,
We can actually use the purchase price + completed rehab (Total Cost) as the value and lend you 75% of that right away.
Happy to connect!
Post: Hard Money Recommendations
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Happy to connect Phyllis!
Post: Primary residence mortgage for retirement
- Lender
- Nashville, TN
- Posts 687
- Votes 279
If you do intend on occupying the property, owner occupied is a must.
Borrowers are required to move into the property within 60 days of closing typically.
However, if you qualify you can purchase this as a 2nd home and simply make it your primary after you move in. This is most likely your best bet.
Glad to connect!
Post: Primary residence mortgage for retirement
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Quote from @Jon Puente:
Hey Min,
Can you buy the property in advance as an "investment property" and then when you officially make the move, you can refinance it into a primary residence at much lower interest rates?
You cannot buy a property as a "primary residence" unless you plan on occupying the property within 60 days of closing, and it sounds like you may not be able to make that happen.
Great Question!
Well this is fraud... LOL
Post: Looking for commercial realtor and lender to move forward.
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Alex, I'm in the DFW area myself, would love to connect & see if I can help you out.
Post: How to find private lender for terms you know work??????
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Umm thats not how that works..
Time is money and honestly (125k/468k) is a 1% return. You can get more in a CHECKING account today.
Would love to connect and go over what is realistic on the lending side.
Post: 21 Year Old College Student- 1st Rental Property Lending Advice
- Lender
- Nashville, TN
- Posts 687
- Votes 279
Hi Jake,
Would love to connect and discuss a bit further what it would look like for you specifically.
DSCR loans are a great product and in some cases are actually beating conventional loans.