All Forum Posts by: Eugene Neal
Eugene Neal has started 17 posts and replied 120 times.
Post: Off Market Property in Hunting Station Available
- Lender
- Posts 136
- Votes 20
Please message me if you are an investor within Long Island, NY looking for off market properties. Currently have one available in Huntington Station now. We are scheduling viewing times for 4/16/24 and 4/17/24.
Post: Does anyone know any DSDR loan companies?
- Lender
- Posts 136
- Votes 20
Quote from @Joel Matos:
Quote from @Eugene Neal:
Quote from @Joel Matos:
Hello,
I'm currently looking to do a DSDR loan for a property purchase of a 5+unit multifamily. Does anyone have any good experiences working with a particular DSDR lender with favorable rates that they've personally used recently? I would love any referrals.
I'll gladly walk you through the process and show you all the available options based on credit score and down payment. Please reach out to schedule a call.
How does one get in touch with you?
Send me a message when you have a free moment. I'll then give you my email address so I can present the scenario to the underwriting team.
Post: Loan Approval within 24 Hours from a Direct Lender
- Lender
- Posts 136
- Votes 20
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Message me with your scenario and I can have the underwriting team give us a decision within 24 hours.
Post: Does anyone know any DSDR loan companies?
- Lender
- Posts 136
- Votes 20
Quote from @Joel Matos:
Hello,
I'm currently looking to do a DSDR loan for a property purchase of a 5+unit multifamily. Does anyone have any good experiences working with a particular DSDR lender with favorable rates that they've personally used recently? I would love any referrals.
I'll gladly walk you through the process and show you all the available options based on credit score and down payment. Please reach out to schedule a call.
Quote from @Zachary Vanison:
Hey guys who do you recommend for DSCR loans thats new investor friendly
The requirements Devin listed are pretty spot on. We are located in NY and close many DSCR loans. If your score is above 680 then a lesser ratio will be considered as well.
Post: Looking for a lender to do a HELOC on a rental
- Lender
- Posts 136
- Votes 20
Quote from @Javaras Thomas:
Hello,
I have 2 rentals that I would like to take a HELOC out on. They are both in Miami one is a condo and the other is a SFR, does anyone out there have a lender that may be of assists?
I'm not able to do a HELOC but we do have a program that potentially allows up to 75% cash back. Please reach out if interested.
Post: Looking for someone to bird-dog, cold-call, & source off-market deals!
- Lender
- Posts 136
- Votes 20
Quote from @Dan Guenther:
Hey BP community, I'm looking to take on someone willing to help me out with off-market deal sourcing in the Boulder County/ Longmont CO region. It would be great if you have experience but not necessary. Ideally looking for someone that is looking to learn the ropes while making some money along the way. Reach out to talk more!
I can help out within the cold-calling universe if needed.
Post: Looking for lender to acquire MFH in TN (through LLC)
- Lender
- Posts 136
- Votes 20
Quote from @Sidney L.:
I am in the process of acquiring our initial Multifamily Home (MFH) investment, utilizing an LLC in which my business partner and I share equal ownership. Our first acquisition is focused on properties in the $400-600k price range within Tennessee.
I am seeking advice regarding financing options. Should we opt for a local lender, or would an out-of-state lender be just as viable? It's worth noting that I am based in New York, though I'm uncertain if this has an impact on the decision.
I would greatly appreciate any recommendations or insights you can provide. Thank you in advance!
We are located in Long Island and would welcome the chance to discuss some options face-to-face. I also can gladly provide some options via email after a brief discovery call as well. Please reach out if interested in advancing to the next stage.
Post: Home Equity Loans for Rental Multi Fam
- Lender
- Posts 136
- Votes 20
Quote from @Justin Dragon:
Good morning, all!
I’m having a really difficult time finding a lender for a home equity loan to pull equity from one of my multifams. Any advice on how to get this done?
I understand there is higher risk to the lender, but surely there are some banks or lenders that will do this?
I'm also open to a HELOC but would prefer loan.
For background, I have excellent credit and the home has a lot of equity (50% of the value)
Thanks so much,
Justin
How much is the property worth? We complete this transaction on a regular basis. The only hindrance would be the loan amount. HELOC's are almost non existent.
Quote from @Chris Seveney:
@Jeremy Riggenbach
Wow pretty bold having a private lender complete a form, usually the other way around
I am a Private lender but honestly got turned off by this.
The question is how many lenders that complete that form have actually funded a deal?