All Forum Posts by: Erik Estrada

@Alex Roter

@Alex Roter

Consulting with a mortgage broker that specializes in investor financing would be a great idea. They will be familiar with different financing strategies specific to your needs. They can also shop around for you so you can get the best rate. The only real catch is the origination fee which you or the lender pays, depending on the rate of course. They are motivated to help you get the best financing possible because that's how they generate repeat business. 

@Thomas Sokolis Have you found any properties worth investing in? Rates are going to continue to rise and is just the cost of doing business. If you do find a deal, crunching down the numbers would be a better alternative.  

@Steven Barr Have you looked into the fix & flip loan? 

You can refinance as much as you can. If there is a pre-payment penalty you will have to pay it. 

Have you considered looking into DSCR Loans and asset based loans?

@Kheng Joe Lau Do you own a primary residence? If so, why not do a cash-out refi (assuming you built enough equity) and use those funds on a full-doc loan (also depending on down payment, and if your DTI doesn't exceed 50%) Alternatively you can do a DSCR loan that looks at rental income generated from the property rather than DTI. Those loans however, require higher down payments.