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All Forum Posts by: Doran Summers

Doran Summers has started 21 posts and replied 500 times.

Post: F.O.A. Comercial (finance of America)

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Kenneth Taylor if I can help with any deals feel free to shoot me a message. I’ve worked with them in 2019 and closed a few deals with them. Not saying they good or bad from what I’ve seen lately you can get just the same or close to rates, fees and terms with other lenders who can close on time.

Post: Portfolio Lender DFW

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Benjamin Quaye how can I help you?

Post: Soonest you’ve refinanced a BRRRR?

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Chris Conroy yes it’s true banks need 6 months seasoning.

https://www.quickenloans.com/blog/delayed-financing-uncommon-refinance-option-cash-buyers

Post: Refinancing in Texas

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Rendall Mash what issues have you had?

Post: Does my realtor know what he is talking about??

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Russell Brazil that and probably higher fees for the lower rate.

Post: BRRRR LTV Refinancing With No Seasoning Period

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Dan Valiente there are a few lenders who refi after 30 days.

Post: New Investor, not completely new to real estate

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Sean Poulos congrats on your construction deal and good luck.

Post: Private Money Lender

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Jacob G. What terms did they offer?

@May Baten what Gave it away was 5%. Even those who financing 30 yr fixed don’t even do 5%. Sound like a group from a facebook.

Post: Refinancing after a Cash Purchase

Doran SummersPosted
  • Lender
  • Chicago, Il
  • Posts 608
  • Votes 70

@Brian Chu not if you Refi with a bank. You can refi after 30 days of ownership with a few lenders.