All Forum Posts by: Dustin Lauer

@Alex Grullon

I am a huge fan of this focus right now. I don’t suggest Minneapolis, but the rest are safer. Even local where you are there are great opportunities. Being willing to build them can also be worth while. Happy to connect directly. I’m involved in MF financing and heavy renovation / construction in most of the Midwest and South East US markets. Good luck!

@Vincent Chen hard to find enough cash flow in some markets for the full 80% LTV but it's achievable especially in 2-4 unit properties. Little to no restrictions at all. These are very easy loans to close. Appraisals take time and cost more than they should. DSCR loans are amazing right now. Never been this good my career since 2009.

@Nick Louie yes I’ll gladly connect you with a top loan officer that handles these.

Happy to help! Please DM

@Nick Reuter

There are options for full 30 year terms without personal DTI considered. Look into lenders with DSCR loans and make sure they can actually finance short term rentals.

@Matthew Kelm

Send me a private message with all the details and I’ll let you know how legit the request is. My team charges fees on every deal. They are well paid professionals, but most of their upfront deposits go to attorneys and vendors like appraisers, surveyors, software companies, site visits and home inspectors.

Public records and references today should make it easy to bet any Lender you want.

Good luck Matthew. Can’t be too careful these days.

@Moaaz Malik you can invest in many markets in California with $100K into wedge deals.

With BiggerPockets though the US is your oyster. Good luck!

@Maria Luna. Sounds like a good plan! As long as it’s worth the risk of the added leverage this is great from a tax point of view (disclosure: not a CPA :) ) and very low cost compared to any other option.

@Jaleen Anderson. All day every day and no limit on loans with DSCR products. Not sure about your particular lender or scenario but it's very much regular business right down the fairway today. Good luck Jaleel!!

Also many lenders will write you a pre-approval letter, that’s a good next step for you

@Carlos Mendoza. Sure they can

Probably get a loan. You can as well with the right deal. Careful with borrowing to borrow. The private money will need to be repaid at some point. Getting a hard money loan is easy today. Just find a deal and post it here on BP once you have it under contract or use the hard money lender directory.