All Forum Posts by: Doran Summers

@Dylan Mejo how many units are your properties?

@Roger Evans I think the best I’ve seen for a 30 yr fixed is 6.25% at 80% ltv.

@Roger Evans what’s the terms? Is it long term 30 yr mortgage? Or just a 2 to 5 yr terms?

@Salomon W. Do you plan to hold this property or flip?

@Anthony Barone for a deal like that you would need around $20,000 to $25,000. Depending on if you can find a lender who would do 90% of purchase and rehab. Plus closing cost along with reserves for estimated 6 months payments and funds to start the rehab since most lenders offer 100% rehab. Cause most likely with homes that need rehab you need to have a cushion just in case you run into any hiccups. Feel free to message me for more questions or help.

@Rosemarie Torla congrats. So did you find partners to assist with the down payment or was it your own cash?

@Emanuel Morales can you tell us more about the deal? There’s a few lenders who can do 100% but you would need funds for closing costs.

@Raul Quezada theses a few QM lenders who can refinance after 30 days of ownership.

@Leche Hopkins you should take a contractor with you so he can get estimates. Then depending on the Arv find a hard money lender to help with the rehab. Then refinance after rehab is completed.

@John Robb what’s the purchase price?