All Forum Posts by: Carrie Matuga

@Jonathan Dye We have a number of DSCR options. Is the for a purchase or a cash out refi? If I purchase, I can do up to 85% LTV depending on your experience, credit and the property appraisal. Reach out if you'd like to talk more.

@Sara Aviv Berger If you haven't done Ground up construction, partnering with a GC is one way to get the deal done. It's the old chicken and egg question of how to get experience if you need experience to qualify.... However, you can structure it as a much smaller minority partnership (as low as 1-5%). Reach out if you'd like to talk more.

@Devin McIntosh Do you have experience with ground up construction? Typically you need 3+ deals in 36 months or to partner with a GC who can help you meet this qualification. You'd need to purchase the land on your own (through whatever financing you deem best) and then you can get a construction loan that is both horizontal and vertical to cover the build and reimburse the land purchase. I'm happy to talk more if you'd like. Reach out.

@Robert Johnson I think I'd probably wait a bit to build up more reserve if it were me. However, if you are able to get creative with a deal that included seller financing and/or sub-to with a pre-June 2022 level mortgage, it may be worthwhile to jump-in full force. It would certainly make the numbers friendlier.

@Philip Jackson were you. able to find someone who could help? Reach out if you'd like to talk more.

I've done personally multiple cash-out refis (without having a W-2) using a DSCR loans. The key is the appraisal for both the property and the rental rates so that you remain above that 1.2 ratio. Happy to connect if you'd want to talk more.

@Gordon Olson Thank you! This is the most thorough review and feedback I've seen!

Hi Nicole, I sent you a DM but I think I can help. I have a product that will work for projects like this. If you'd like to discuss, please reach out. 

@Jeet Sangha I love this advice! I'd add on three more

4. List price is just that. Don't be afraid, particularly if the property has been on the market for some time to submit a price that works for YOU.

5. Maximize your contingency period to: Trust but validate rent roll/projected rent, ARV, construction costs... but make the offer. If analysis paralysis kicks in, you won't have the chance to refine. Better to get the deal and then re-validate

6. Understand the various loan options available to get the deal done if the numbers make sense.

@Ran Iarovich I invest OOS. I live in CA, so pure deal prices made it the best option. Initially I went into a market because that was where my mentor was and I got really familiar with the area. It wasn't a horrible choice. The deal economics did and still do make sense. However, it is a very tough place to be a landlord. I moved markets and now I will only invest in red states that are landlord friendly and for buy and hold stick to B/B- neighborhoods. Much below that, the tenants are super sensitive to changing economics and inflation.  The key to being OOS is having a great team that includes a PM, an agent, and ideally a handyman.