All Forum Posts by: Brandon Croucier

Potentially, Let's connect!

Opportunity cost is the name of the game, in a fiat system where we create money out of thin air; Money now is more valuable than money in 30 years. As a result assets will continue to appreciate.

Using someone else's money allows you to leverage and buy assets NOW that will continuously go up in value, as well as increase a cash on cash return for yourself over time. Yes you could buy 1 house cash for $500,000, or you could buy $2,500,000 in real estate with 20% down.

When the market appreciates 20%, one would yield you $100,000 while the other would yield you $500,000.

This also doesn't calculate the increased cash on cash return you will get with increased rents across all of your properties rather than 1. 

Good debt is debt that makes you more money than you would without it.

I wouldn't be selling in this market personally, so if you don't sell the SFR and you really want to do this, a DSCR cash out refinance on the triplex, or a hard money 2nd is your only option to get the liquidity needed to make this move. Heloc's on investment still take into account DTI so that wouldn't work in your scenario.

Are you buying to occupy or rent out? And what state is this in?

Would love to connect and see how I can assist you in locating some funding!

I know some people, let's connect Alex! 
Also went to CU Boulder myself haha

Yes, some lenders will require it. If you don't have it, I recommend working with a broker who knows where to place your loan.

Unfortunately this is happening a lot right now as lenders are having trouble staying in business. I would love to assist you. We are completely transparent in what we can provide.

Sounds about right, I'm right there on a DSCR 30 year fixed 7.249%, 5 year prepay with around $3000 lender closing costs.

DSCR does not require disclosures as they are not sold to fannie and freddie mac but many lenders include them as a courtesy.