All Forum Posts by: Dallas Sauer

I agree with the others here. Go Hard money Fix & Flip. Get funds for purchase and rehab. Rehab will typically be reimbursed based on work completed. Use your heloc funds for the down payment and to front any construction before your first draw. Refinance into a DSCR after 90 days. Looks like you found a nice deal!

 What type of property is it?

My minimum is 50k if you need help.

Hi All,

I am a Direct Lender as well as a Mortgage Broker in Arizona. My group and I are expanding our Hard Money lending Nationwide. 

We are offering 30 year fixed DSCR cash out refinances with 90 day seasoning! We can offer you a quote within 30 minutes of answering a few questions on your property without providing all your documentation.

The property does not have to be rented to qualify. 

Loan amount based on the income of the property. Rates starting in the 8's based on Credit and experience. 

DM or email me to get started! [email protected]

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Hi Everyone, 

We are currently reimbursing appraisals for 1-4 unit properties. The cost is reimbursed at closing. This is good for all our programs. Fix & Flip, Bridge, DSCR, New Builds.

Reach out to me if we can get any started!

I also assume you are looking to work with investors. If you are, the biggest thing is networking and knowing what you can offer them. Find good products that fit the people and location you want to service. Lastly, the biggest thing when I started in this business. Answer your phone and return calls as soon as you can. Feel free to DM with questions. 

 Hi Richard, We will cover part of the land in a new build. Please DM me and we can discuss your situation. 

What stopped you from the 90 day refi?

I wouldn't say it is standard but I also wouldn't say it is unreasonable. The lender should refer back to the broker who brought them the client if they are reputable. The work around for it is to use a different lender when you refinance. 

I would disagree with this. If you have clients getting new construction financing and paying on the entire amount they are paying to much. We fund new construction for newbies all the way up and only charge on funds that are being used not on the entire loan amount.