All Forum Posts by: Elias Castillo

@AJ Exner Thanks for the feedback! Yes im pretty much all set. I have all my permits approved, floor plans and sub contractors ready. I am acting General contractor.  

I own 5 paid off lots and I built an investment property December 2024 on 1 of the lots. Its currently rented. I did it 100% out of pocket and did a cash out refi. Im wanting to start another one in the next lot. Whats my best option without using my own money? 

Yes sir, ill be interested 

I was thinking about a conventional loan on the property. The lender I spoke to mentioned it would be 75% of the appraised value. Im located in Lubbock, I haven't found a place that offers DSCR loans.

Hey guys! I am currently finishing up a new construction single family home on a paid of residential lot. Once finished it’ll be 100% equity. Im shooting for it to be appraised around 135k im all in 85k . Any tips on cash out refinance? I have 4 more paid off lots I was thinking on building on. Its going to be an investment property.