All Forum Posts by: John Broussard

Hi Kirk,

Welcome to BP, you are in the right place to gain the knowledge to become a successful real estate investor. I am on the financing side of the business,  if you have question regarding financing feel free to ask. Good Luck.

Hi Erin,

Welcome to BP, great community with knowledge and insight thru Real Estate Investing. I am on the financing side of the business, if you ever have any question feel free to ask.

I would suggest a Cash Out Refinance to be the best option, you can pull out up to 75% of the property value.

Hello Suzanna,

Welcome to the group, there is a wealth of knowledge and great contact to network with. Myself I am on the financing side, if you ever need to discuss funding feel free to contact me. We have a No Doc Fix and Flip loan at 70% ARV that is available. Good Luck!

Hello James and Welcome,

This is a great community to be apart of and to network and obtain valuable knowledge that will allow you to be successful in this business. I am on the financing side of the business so if you ever have any questions about financing or getting pre approved financing  just let me know. Good Luck!

It simple you just apply for a investment property loan, if you go the traditional bank route they will typically allow a DTI up to 43%, 20 to 25% downpayment and would require 6 months of PITI in reserves. When you buy a investment property they will calculate the rent minus the mortgage, taxes, insurance and HOA. this will calculate what the net rental income from the property. The rent will usually cover the PITI, HOA and leave you with positive cash flow that is now considered income. So the rent is covering the debt service on the property. On the other hand if you DTI is to high, you would have to pay down some of your debt or go with a stated income or loan that is based on the properties cash flow..

We are offering a Fix / Rehab / Rent product, hard money is used to acquire the property and rehab it. Once rehab is complete we roll that  loan  into a 30yr fixed program

You may try contacting a company called Normandy Mortgage Bankers,  they provide commercial and residential construction loan. 1st Financial Bank USA and Bismark Mortgage lends on single family homes construction loans. We do construction loans but not in SC. Let me know how it turns out.

Hi Naeem,

For real estate networking, you can try Jet Lending, Ouest, White Pickett Fences, RICH Club to name a few and you can also log in to meetup.com to join and find out the dates for events. I attended Champion School or Real Estate so I would recommend it. You may want to also look a property in Katy TX, great rental market. I am on the financing side so if you have any questions pertaining to financing feel free to ask. Good Luck!

Welcome Cody,

I am from Houston and still reside here, I am on the financing side of the business. If you ever have any question regarding financing or need to be pre approved for financing let me know. Good Luck!