All Forum Posts by: Dominic Pizzi

Hey Jeff!

Being a graduate of Misericordia and spending much of my time in WB, there is plenty of potential for a property that cash flows well in these areas! Send me a message, would love to connect!

Hi Monica!

We primarily lend in Philly, and our managing director @Joel Kraut also actively invests in Philadelphia! Might be of benefit to connect with him and discuss!

Don't be too focused on the interest rate. In this business there will always be a coulda shoulda or woulda. Truth be told, if your property cash flows well at an interest rate between 7.75%-8.00%, then the interest rate is not what matters too much! 

 Dylan, 

Might also be beneficial to do a cash out refinance on your investment to come up with necessary funds, outside of a HELOC!

Hey Dwight, send me a PM or an email with the scenario, would love to see how I can potentially help out here. 

Depending on how you plan to finance the property (your own money or by using a lender/conventional means) the HOAs of a condo are going to kill your margins. If it is your first one, I would strongly suggest a long term rental so you can understand the ins and outs of a rental property. Air BNBs/VRBOs are profitable if your occupancy is high, and you will need to shell out funds to take good pics of the place, furnish, all of that jazz. 

I think LTR for the first one would be your best bet!

I agree with Zach, a DSCR lender to do a cash out refinance would be a good idea here in order to cash in on your equity and use it as a down payment on another property!

We can help with this, send me a PM!

Please see a list for our loan programs and the leverages associated with each loan program:

On the DSCR side, we can do 80% LTV max on a purchase of the property, 80% LTV on a Rate and Term refinance, and 75% LTV on the potential cash out refinance of the property. The interest rates depend on a variety of aspects, including the FICO score of the borrower, the type of property, location, and how well it cash flows. Minimum loan amount here is $55,000, with the As Is Value of the property needing to be $75,000. Ineligible states for 80% LTV include the following, and these states must be done in an LLC.

On the Bridge/Fix and Flip side, the parameters that we look into judging a prospective deal are FICO score of the borrower and experiences of the borrower in the last 3 years between rentals and fix and flips. This will decide both the leverage you are able to receive as well as the interest rate. We have no seasoning period for these types of loans so if you plan on holding onto the property, we can do a cash out refinance for you right away. Maximum 4 units for a Fix and Flip. Minimum loan amount is $100,000.00.

Hi All!

Wanted to give my new Instagram handle a shoutout, would love to build up my Instagram base so would love if you guys would shoot me a follow on there: dominic.pizzi

Thank you!!

Hey BP!

I am curious what everyone will think of the following question:

What continued learning avenues have you thought to be the best for your growth in the real estate business? This can be books that you have read, podcasts or shows you have listened to or seen, or even a seminar or convention that you would review highly!

I am curious as to what you may see, but my own personal example would be The Ed Mylett Show on Apple or Spotify. If you choose any of his shows to listen to, I strongly suggest the one with Mauricio Umansky where they discuss building your empire by strengthening your mindset. 

Excited to hear your examples, drop them below!