All Forum Posts by: Chris Nappi

60 second recap. Utilized a hard money loan last summer to be a cash buyer on our new primary home. Was going to buy down and refinance to under a 50% LTV with the sale of investment property in San Francisco. Unfortunately took over 6 months to buyout a tenant and sell that other property. It sold for about $800k less than anticipated. Of course, rates went up as well which didn't help the process. Looking for a product that will allow for us to use projected rents on our old primary home (looking to sell) and a vacation home to help hit the DTI on the REFI. Obviously lots of moving parts. Please don't hate. Just looking for a viable solution to stop the bleeding. Lots of equity, bad time to sell. Thanks.

We have an investment property we're looking to unload ASAP. It's a single family (3/2) home with a legal basement unit (2/1) and a partially completed attic unit. Floor plans and pictures available. It needs to be fully renovated, though is in livable condition as there is a tenant in the main home. Tenant would be gone by closing. Highest and best use is probably as a single-family home turning the attic into a 2nd story and having the basement available for a nanny\in-law suite. Could also be turned into a 3-unit rental. We had an architect take a look about a year ago and told us the attic would just need a 2nd egress to get permitted. Main Home: 1,470 Sq Ft. Basement: 920 Sq Ft. Attic: 1,500 Sq Ft. 2x Car Garage. It's a neat property, but don't have the time to develop. Happy to connect with brokers, potential owner/contractors, developers or other investors. Many thanks. 

Hello. My wife and I have two fully paid off properties in San Francisco; Presidio adjacent and Lower Pacific Heights. We had planned on selling one of them to pay for a new primary residence in SoCal. I'd love to speak with a mortgage professional to get a second opinion on if it's possible for us to keep all of our properties. My current conventional (Bank) lender is great for a standard mortgage, however, I don't believe they have access to many programs for investors or able to work outside the standard box. We'd hate to give up a property if we don't have to, even if we're just breaking even on it. Thank you.

Both tenants have paid on time. However, one did fill out their check improperly which was odd. We still cashed it.