All Forum Posts by: Brandon Croucier

It really depends on the lender, some are going to be fine lending the money with debt as the source of down payment, and some will not let that fly.

Can I ask what kind of mortgage product you are attempting to use?

So he's not charging you any interest, simply just paying down equity for 12 months?

The definition of rural varies lender to lender, if there are sufficient supporting sales comps then most investors should be fine lending.

What is the name of the city/town in which you are looking to acquire financing in?

Hey Ryne!

Have them move out & do a bailout refi loan on non owner occ.

It really depends on a lot of factors, the location of the property, the location of the broker, the type of product used, the specific investor used.

I would guess around 2 points, plus underwriting & processing fees would be fair on something like this assuming par pricing.

Whats been your constraint? Investors with a good level of experience in flipping can get up to 90% LTV on a purchase + 100% of rehab. Are you not able to come up with the down payment + closing costs on these deals & are looking for someone to come in and fund that portion of the deal?

This should be fairly simple to get done, what is the average value of each property?

I've done a few similar properties like this, it's all permitted & legal correct?

Are you closing on all 6 units at once? Is this a bundled loan?

A good way to structure this might be closing on 2 of the 3 duplexes, have the seller do the work on the last one, then close on it when it's completed.

OC is going to continue to see increased demand as people continue to migrate from LA...

Pick the house you like, the margin will be minuscule but your the one who's living in it .