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All Forum Posts by: Eric Benzenhoefer

Eric Benzenhoefer has started 65 posts and replied 190 times.

Post: Notewise Financial

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

Do you wholesale them as well?

Post: Looking to build a team in MD

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

People advertise on the marketplace section of the site. Check it out for all of what you listed!

Post: Property for cash deals

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

What price range are these houses?

Post: 30 Year Buy and Hold Financing - $25,000 properties and up

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

Yes, you can finance these cheap and cash flowing properties!

This is not a discount, zero out of pocket lending program. This is for investors who have bought at the right price to take advantage of the cheapest cash flowing properties in the US.

Must have:

  • Appraised values of $25,000 or more
  • A total loan value of $45,000 or more at 70% LTV
  • A credit score of 630 or higher
  • 1-4 Unit properties
  • Plans to hold for 5 years to avoid prepayment penalty

Other pros:

  • True LTV% loans
  • Roll points into loan
  • FAST loan decisions in < 24 hours
  • FAST close in 20-25 business days
  • Foreign nationals eligible at 65% LTV
  • Rehab beforehand as low as $20,000
  • No seasoning is required

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Post: 30 Year Buy and Hold Financing - $25,000 properties and up

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

Yes, you can finance these cheap and highly cash flowing properties!

Properties with appraised values as low as $25,000 are eligible for 30 year financing. Simply package them together with other properties to total a loan value of $45,000 or more at 70% LTV.

You will need to close in an entity and have a credit score of 630 or higher. This is not a discount, zero out of pocket lending program. This is for investors who have bought at the right price to take advantage of the cheapest cash flowing properties in the US.

Loan decision take less than 24 hours and you can close in 20-25 business days.

At 65% LTV, you can use this program as a Foreign National.

Single family, Duplex, Triplex and 4-plexes are eligible. Be sure to plan to hold for 5 years to avoid prepayment penalties.

Rehabbing first? We can do that too with loans as low as $20,000.

No seasoning is required, so your Buy, Rehab, REFI, and Repeat financing is here!

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Post: 30 Year private money - Fund your Low price rental!

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

30 Year private money solution for low price rentals.....

This program is best for those adding low price cash flowing properties to their portfolio. 

Others say no, we say yes.

  • Rates range from 6.5% - 8.85% depending on your credit score (630 and up) and property expenses.
  • LTV is 75% for properties with an appraised value greater than $45,000
  • LTV is 70% for properties with an appraised value from $25,000 up to $45,000
  • Properties appraising for $24,999 and below are not eligible for this program.
  • Loan Value must be a total of $45,000 or more. You may package together smaller loan values to reach this total of $45,000, but remember, each property must have an appraised value of $25,000 or more.
  • LTV is 65% for foreign nationals.

Rehabbing your rental first?  We can help with that too.

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Post: Fast Closing Hard Money - Points Rolled into the loan

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

In as little as 7 business days you can close on your next rehab. If you have a property under contract and your financing fell through, I can help you secure funding and save the deal.

  • Rehab Loans as low as $20,000
  • Points rolled into the loan
  • Loan decision in <24 hours
  • Close in as little as 7 business days
  • Available for entities only (Corp or LLC)
  • 65% LTV
  • 12% interest
  • 20% down
  • Mid Credit score of 625 and up

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia

Post: Frustrated with loan process

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

Would their thinking change if you hired a property manager with much experience?

There are SBA lenders who do that for self storage buyers, if the buyer is without experience.

Post: ​30 Year Fixed Rate Rental Loans

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

Sure, PM me and I will send you two.

Post: ​30 Year Fixed Rate Rental Loans

Eric BenzenhoeferPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 233
  • Votes 39

30 Year Fixed Rate Rental Loans

  • Yes, 30 year Fixed Rate private money
  • Rates start at 6.5%
  • No Seasoning required
  • Mid Credit score of 630 and up
  • Program available for purchase OR Cash Out Refi
  • Loan decision in <24 hours
  • Close in 20-25 business days
  • 70% LTV
  • Loans as low as $25,000 in blanket loan package of >$45,000
  • 1-4 unit properties - SFH, Duplex, Triplex, Four-Plex
  • Foreign Nationals are eligible

Contact me through BP, www.OutsourceMyFunding.com, or [email protected] today, and we will work together to get the loan that meets your specific needs.

Available in Colorado, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, West Virginia