All Forum Posts by: Brian Witherby

@Shaun Weekes what I was trying to achieve if reasonable rates existed was to not pay traditional mortgage underwriting expenses plus incur another hard pull on credit. It may be an unreasonable expectation I don't know...

@Shaun Weekes 11 months

Also, no idea why the spacing on this post shows up so ugly but I typed the OP on a cell phone...

Does anyone have experience with private lenders listed on the BP database that could

conform with the above scenario?

I have a single family house I bought with cash for 35k that fully reno'd has comps within 0.5 miles for 150k. I've put about 25 more into it of my own money and I'd like to pull it back out now that it is occupied and cash flowing. There are no liens attached since everything has been cash so far.

As I looked around it seemed like lenders often wanted to be over 100k on loan amounts or rates were higher than 7%, which I could beat in five minutes by just going to penfed and getting an unsecured personal loan.

So is there a holy grail lender out there that doesn't do hard credit pulls that can offer me a LOC or a fully amortized 15 or 30 year loan for 5.5% or less for an amount under 100k or am I just pipe dreaming?

@Frank Patalano Trying to find properties that aren't overpriced in the current market. I want to grow my holdings but I will not make unsustainable purchases just to grow.

Also I have a top tier credit score, and I don't want to wreck it with reepated hard pulls from banks for loans, so I'm looking for diamonds in the rough when it comes to private lenders who will loan at low rates w/o credit pulls.