All Forum Posts by: David Pearl

 Hi Daniel! Congrats on your real estate investing journey! I lived in CA for over a decade. I ran into a similar situation where it was hard to make deals pencil there. Eventually I moved my equity out of state, and then made the move shortly after. It worked out well for me. Like some have mentioned, easier to find deals that make sense and your money can go a lot further in other markets. Just something to consider. 

 @Leslie Swart - Is your client an experienced builder? 

I am not aware of any DSCR HELOCS. @Erick Arana - Happy to talk to you about a DSCR cash our refi to pull out equity so you have another option in the event you are unable to obtain a HELOC

@Nathan Frost - I sent you private message with some additional questions. You can also email me at [email protected] 

Hi Mark. Congratulations on this deal! Many investors utilize Fix & Flip Hard loans for projects like this. Up to 90% of the purchase price can be funded and up to 100% of the rehab. If you plan on renting it when you exit the project instead of selling, you could do a cash out refi at that point using something called a DSCR loan. Neither of these require income verification and much easier to navigate versus conventional. If you would like learn more happy to discuss.

 Thank You. I am going to send you a PM now 

 Yes. You mentioned you are looking for a cash out on a deal in Texas? Happy to help. 

@Nathan Frost - Happy to quote this one for you 

@Kimberly T. Hi Kimberly. Looks like you are building up a nice portfolio. Would love to learn more about your business.