Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Doran Summers

Doran Summers has started 21 posts and replied 500 times.

Post: ISO Lender for HELOC on investment property in Florida

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

@Gary Parilis do you still need help getting your investment property Refi?

Post: Buy Renovate Rent Refinance Repeat

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

@Shedrick Archangel if you using traditional Banks then you need to wait 6 months. But most other types of lenders you can refi after 30 days.

Post: 12 Unit Residential on the Lake

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

@Rodrick Frazer congrats

Post: Interest rates on investment properties

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

@Jennifer Runion what’s your rate?

Post: New Investors in Alabama - South Alabama & Bessemer

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

@Jeanette Steward good luck in 2020.

Post: First Investment Purchase

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

@Tim Murphy congrats on your deal.

Post: Strategy to financing Multifamily

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

@Musammath Khan I agree with Dave. Banks and a hard money lenders will want a borrower to show skin in the game. If you looking for 100% best situation is to find a private lender who is willing to split some equity if it’s some in the property.

Post: How long is a seasoning periord?

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

@James Baker there are some lenders who offer a no seasoning refi. Meaning you can cashout refi after 1 day of ownership.

@Wendy Smith there are better rates with 80% ltv at 6.25% for a 30 yr fixed. Let me know if you need help or have questions.

Post: HELOC on investment duplex

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

@Aaron Bashore if it’s enough equity and your lender don’t have a prepayment penalty you should be able to refi.