All Forum Posts by: Dan Gamache

@Scott Holoubek I'll send you PM.

@Stuart Grazier I'm with Lima One Capital, we are licensed in Wisconsin and have wholesale division for brokers/lenders. We offer 30 year products and cash-out refi's. Let me know if you'd like to get more information.

@Josh Buchanan you can write check to yourself from Heloc and put in bank for 2 months, that will get around the downpayment issue.

@Obinna Emukah is the property stabilized/rental ready or does it need rehab?

@Zk Lani some private lenders will go to 75% LTV of new appraised value at 90 days.

@Alex Thibau I'll send you a message.

Very excited to announce a brand new Fix2Rent lending option for Brrrr investors. Loan will start out as a Fix n Flip loan and will convert to a long term 30 year program once the rehab is complete and property is rental ready. This program allows for cash-out at time of conversion based on ARV which eliminates all the seasoning issues investors have been running into. Please contact me at (617) 680-1635 or [email protected] to discuss further details.

@Joseph Duenas Private Lender will go to 75 LTV at 90 day with 700 credit score, 70LTV if below 700. Slightly higher rates/fees than conventional.

@Adam Jones Even though being sold as a package,do you know if the properties are seperate parcels. Makes a big difference on getting a loan on a 6 family vs 2 3family's. 

@Tisha Smith first off want to verify you're talking about investment property & not your primary residence? Many people group private & hard money lenders in same group. Most hard money loans are short term (6-12 months) and yes, you would need to refi out. Private lenders are in between hard money & bank/conventional financing and offer 30 year year products with slightly higher rates/fees than banks, but easier qualifying guidelines.