All Forum Posts by: Brandon Beardt

Quote from @Sean Spagnola:

Any cash out refinancing options that would not requiring seasoning?

From my own research this is unlikely. At best I've seen 6 month seasoning periods. 

I am targeting properties that have been on the MLS for longer than the average. Hopefully purchase for a discounted price. I'd mortgage them. Do a light rehab to increase ARV. Refinance and pull my down payment back out to start the next. Pretty much a classic BRRR.

I'm hoping not to have my down payments tied up for a 6 months to a year before I can repeat the process.

Any help and advice is truly appreciated.

I have experience with ARV cash out options with no title seasoning as long as you can show work/rehab has been done on the property. Very popular tool used for BRRRR investors trying to scale as fast as possible.

Yes, $50k minimum loan amount with $75k minimum appraised value.

Yes, $50k minimum loan amount with $75k minimum appraised value.

Quote from @Antoine Black:

Do anyone know lenders that do dscr refi loans that's under a 100k 

 Yes, $50k minimum loan amount with $75k minimum appraised value.

Try this direct link - here - instead which should show the page you would see immediately after clicking "Register Now".

Hi Bill! Yes, this is a general invite for anyone to join. You should be able to proceed with choosing "Non-Member" from United States once you click "Register Now". Let me know if you run into any issues at all & hope to see you there!

The 2025 International Builders’ Show (IBS) will open its doors at the Las Vegas Convention Center, February 25 – 27. We’re excited to extend a special invitation for you to join Investor Property Loan at this premier event—with a FREE IBS Expo Pass

About IBS
Organized by the National Association of Home Builders (NAHB), IBS is the largest annual light construction show in the world. It’s a once-a-year event that connects, educates, and improves the residential construction industry. Expect new product launches, construction demos, industry thought leader sessions, workshops, panel discussions…and more. The people, products, and knowledge you’ll gain will give you real ideas and real solutions to grow and strengthen your essential business.

Why Join Us?

• - Preferred Lender at IBS for rehab (fix and flip), long-term investment (DSCR), and bridge loans.
  
• - Trusted by contractors, project managers, and investors NATIONWIDE for all real estate financing needs.
  
• - Opportunity to network and learn from industry leaders at the most influential event in construction.

Claim Your Free IBS Expo Pass
Simply visit www.BuildersShow.com/InvestorPropertyLoan to claim your free pass. This is a great way to discover innovative building products, cutting-edge techniques, and industry insights.

We’d be thrilled to have you join us at this can’t-miss show. If you have any questions about the event —please feel free to reach out.

We look forward to seeing you in Las Vegas!

100%. These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another. Each DSCR loan is separate and qualifies separately, so one doesn't necessarily affect the other except for the liquidity needed to close since you'll have multiple down payments/closing costs for each transaction.

Quote from @John Friendas:

As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like? I have one conventional mortgage and am looking for turnkey rentals, which there are many of in the midwest. How do I get to 5, 10, 20 properties with DSCR? And do they care if I do rent by the room strategies?

Originally, I felt limited by conventional lending DTI.

The downpayment and closing costs would be one large hurdle in order to repeat this, I'm not sure how willing lenders are to allow 3 properties a year. Still learning the DSCR ins and outs. Thanks!

 Hi John,

No cap on the amount of DSCR loans you can get. If you and the property qualify, you can get unlimited amount of DSCR loans. Most institutional DSCR lenders prefer one lease per property/unit, however, I've seen programs allowing rent by room strategies. Just depends on the situation/scenario. Best of luck.

Quote from @Michael Nguyen:

New to this community, heard great things. New investor looking to learn a lot. Thank you in advance. 

As I mentioned I'm a new investor. I am creating an llc with a couple friends as we go into this new endeavor. My questions is. When getting a DSCR loan whose credit score is the lender going to use? Will they require all members or just one?

The highest mid-score of all the guarantors will be used, however, not all LLC members need to be on the loan as guarantor. You really just need one. I'd recommend just having the member with the highest mid score on the loan as guarantor. Certain circumstances may require additional guarantors, however, just one will suffice most times.