All Forum Posts by: Hari Bansha Dulal
Hari Bansha Dulal has started 1 posts and replied 12 times.
Post: Looking for a Lender for 80% DSCR Cash-Out Refinance
- Posts 12
- Votes 2
@Brian Valdivia how do i contact you?
Post: Looking for a Lender for 80% DSCR Cash-Out Refinance
- Posts 12
- Votes 2
@Erik, I am fine with them using my personal credit and experience. I can guarantee the loan. It is just that I don’t want it be reported to my personal name. That’s how I have done with most my dscrs. Do you know any lenders with reasonable rate that can do this? Pls let me know.
Post: Looking for a Lender for 80% DSCR Cash-Out Refinance
- Posts 12
- Votes 2
Thanks, @Erik Estrada. Do you know a lender that does 80%?
Post: Looking for a Lender for 80% DSCR Cash-Out Refinance
- Posts 12
- Votes 2
Hi, I'm looking for a lender that can do an 80% LTV (ARV value) DSCR cash-out refinance on a property with a 3-month seasoning period. The key requirement is that the lender does not report to my personal credit—the property is held in my LLC, and I want the loan to report under the business.
I'm looking for reasonable rates and terms, so if you know a lender who meets these criteria, please let me know. Open to referrals and recommendations!
Thanks in advance!
Jagan,
Ashish Acharya from investor friendly cpa is really great. I have been with for years and have only good things to say.
Best,
Hari
Post: Insurance for Rentals
- Posts 12
- Votes 2
Quote from @Matt Moylan:
@Shannon Hall I can help you with your questions and needs regarding insurance. It is what I do for a living :)
Post: Sell primary residence or keep as rental
- Posts 12
- Votes 2
keep it. With the interest rate you have and appreciation you are getting, you will make a ton of money in the long run.
Quote from @Pradeep Prabakar Ravindran:
Hi forum,
I am a first time poster here and I would really love some advise on my situation. I currently own a 3Bed / 3Bath duet style home in the Bay Area. I got a job offer in the Northern Virginia area and I am planning to relocate there. I am in a conundrum on whether I should sell my home or rent it out.
Here are some details that might be helpful
Mortgage - 2920 (2.875% interest rate), Property taxes - 1000 per month approximately, HOA - 450 per month, insurance 150 per month
The maximum rental that I can get for this property would be around 4000 per month.
From my estimations considering vacancy rates, cost of maintenance etc - I would be at a cashflow negative of around 1300 - 1500 dollars per month. I am also assuming that I will hire a property manager.
My house has appreciated quite a bit since the time I had bought it in 2020 for 870k and right now its probably worth around 1.2million. The house is in a pretty great neighborhood with excellent schools and options to commute to most parts of the bay area and I am confident that I will be able to rent it out soon.
The area here is pretty desirable and typically houses have appreciated around 5%. Even though the cashflow is negative now, would it make sense to hold the property for potential appreciation ? I am also nervous about my move to the DC area wont work out and I will have this house as an option in case I want to return to the bay area and will never be able purchase a similar home if I sell it.
Asif,
I haven’t bought on market in a while now but am not opposed to the idea as long as the property is a fixer upper with value add potential.
Best,
Hari
Asif,
greater Richmond area is where I’m currently buying in. I’m open to nva and Virginia Beach areas if deals are really good.
Best,
Hari
Post: New to BiggerPockets and Real Estate Investing
- Posts 12
- Votes 2
@Rich Lambert, let me know if you come across cash flowing STR or fixer uppers ~70% arv in VA beach. I live in Richmond and looking forward to expanding in Va beach.