All Forum Posts by: Donovan Swain
Donovan Swain has started 6 posts and replied 14 times.
@Andrew Postell please.
@Brandon Beardt The potential lender was using market rental rate although I am over that by $300. Previously, they were able to go up to 75% not sure what happened other than what I previously stated.
@Andrew Postell I have reached out to a few and with them I wasn't making enough although they were going off market rent and then current apprasial.
I'm looking to refinance into DSCR
Any Leander's still doing 75% LTV + on DSCR Loans or Conventional Loans for business? I have two properties I need to take down within 30 days. I have been through a lot, looking for a lender over the last 9 months. HML giving us hard time trying to refinance with a potential lender at a 62% LTV...
Post: [Calc Review] Help me analyze this deal
- Posts 15
- Votes 3
Quote from @Tim Herman:
@Donovan Swain Have you found the only rental that will never be vacant and never need repairs or capex? All those are costs that need to be figured. No insurance. Ignoring cost makes this look like a better deal than it is.
You are correct I updated. The DADU unit will be new construction and the current single family is newly repaired, new roof, updated plumbing, kitchen and bathroom. I did add current issuance didn't see it at first. My niche is Military, so vacancy I anticipate being low. I did add a 3 percent vacancy can be adjust per unit.
Post: [Calc Review] Help me analyze this deal
- Posts 15
- Votes 3
*This link comes directly from our calculators, based on information input by the member who posted.
ARV is based on build of DADU.
Post: VA Loan to Conventional Loan?
- Posts 15
- Votes 3
Has any veteran or spouse ever refi into a conventional loan from VA loan? Reasons leveraging the VA befits with no max limit to build or buy multi-family 1-4 units?
Thanks
Post: Help me analyze this deal
- Posts 15
- Votes 3
Hello Grant Thank you for the information. I figured it would be to high for purchase price. The cash buyers out here are eating these opportunities up?!
Post: Help me analyze this deal
- Posts 15
- Votes 3
Hello fellow BRRRRs I'm trying to decide if this deal is a GO in WA. SF home, 836SQF. I would like to BRRRR. Location has been rezoned. Looking for any tips to help close the deal.
Donovan S.
*This link comes directly from our calculators, based on information input by the member who posted.
Post: Lifecycle of a CA Multi-Family Development Deal
- Posts 15
- Votes 3
@Scott Choppin Hi. Mr. Choppin, Great post really valuable information. I know I'm years late. I believe having dependable and reliable GC or SubC are important. I'm currently looking for them myself in my start. Look forward to see your post about how to vet them.
Donovan S.
Post: Lifecycle of a CA Multi-Family Development Deal
- Posts 15
- Votes 3
@Scott Choppin,
I am enjoying reading your post. However at this time I can't view your links or related photos to review as I read. Is there any way this can be viewed? On to the next
Thank you