All Forum Posts by: Brandon Croucier

If your secured, why not. Seems like a good return.

This should be easy to get done, a DSCR loan is probably your best bet, 75k is most investors minimum loan amount, payoff the loan & cover your closing costs. Happy to help.

I would never refi a 1.74%, its basically free money.

Is this a 5 year ARM you got?

Hey Magnus, 

People here on BP would be glad to assist, what exactly are you looking to accomplish?

How much is the HELOC?
What is the current value of the property?
What is the remaining 1st position debt?

There are a lot of HELOC's on the market and going direct with a large lender may not be your best bet.

80% LTC is standard on ground-up construction, if they are using an experienced builder, have decent credit & the after-build value is sufficient, it should be a fairly straight-forward loan.

The main problem I see with non-experienced builders trying to build is lack of funds, they will need 20% of project cost + Closing Costs + 6 months reserves.

You are SOL, gotta move onto the next deal

Odds are you aren't going to hold the loan to term.

In all honesty, you will probably be able to refi down below 6 for free in the next 18 months.

We haven't seen rates this high since 07', In my opinion I think we see the money printers turn on & rates lowered in the coming years.

Buy the property with seller finance & finish it up.

Tahoe is a great short rental area