All Forum Posts by: Jerry Padilla

@Joel Shupe

If the money is borrowed, you could do a refinance without any seasoning. For delayed financing, you are required to pay cash for the property and they will want to see a money trail for the source of funds. 

@Aaron C.

What do you think the current value of the property is? I may know of a lender that can help you. I don't offer commercial lending, but have a good resource that can answer your questions.

@Dan Hedges

HELOC's can be difficult to find on Investment properties.

A cash out mortgage you can do at $100k without an issue, with the loan amount. A loan amount under $50k can be difficult to find financing for an investment property. 

@Jonathon Leib

You would get the best rates and terms with conventional financing. You can go up to 10 financed properties, the issue I forsee is financing the properties under $50k loan amount. 

@Patrick Soukup 20% is allowed with primary residence. Some local lenders will consider 20% on investment property. If the loan is backed by Fannie Mae or Freddie Mac then it will be 25% down payment for an investment property.

@Jessica Zhang

If the lender is telling it’s too much work for delayed financing then his/she isn’t familiar with the process. Delayed financing is an easy process and not much different from a regular cash out refinance.

@Marcus Nickson

Be your local expert on real estate, study your market, stay on BP and answer investors questions locally. Create a Pro account and post in the marketplace. 

Investor Friendly Lender Offering a Wide Range of Products from Beginners that are "House Hacking" to the experienced investor. We have both conventional and portfolio products for residential property.

Interested in Conventional Financing?

Conventional Investment Property Financing

Interested in starting out with "House Hacking" Here are some blogs, on comparing the difference in Home Possible, & Home Ready, as well as info on FHA Financing.

House Hacking: Home Ready vs Home Possible

House Hacking with FHA Financing

Interested in using the "BRRR method" and coming out with as little out of pocket expenses? Here is some info on Cash Out Financing & Delayed Financing.

BRRR; Cash Out Financing & Delayed Financing

BRRR - What You Need To Know When Using The BRRR Method Podcast

Interested in Rate & Term Refinancing One or Multiple Properties at a time? Here is some info on Rate & Term Refinancing

Rate & Term Refinancing Properties 1-10

Interested in Renovation Loans? These are just for the beginning investor that owns less than 4 financed properties including subject. This is NOT for fix and flip properties that you intend to sell. Here are several loan products for renovating properties.

FHA 203k vs HomeStyle vs EZ - C Renovation Loans

Interested in VA Financing?

House Hacking with a VA Mortgage

VA IRRL

VA Renovation Loans

Portfolio Option for over 10 financed properties;

Portfolio Loans - When Over 10 Financed

@Codi Peterson

You can do an FHA 203 k loan. Which is a renovation loan with FHA and still has a low down payment. Let me know if you want more info.

@Shane Ward It is going to depend on what your credit score is and what your DTI's are. On a positive note, you can cash out refinance and pay off some or all of this credit with the funds at closing and that debt won't be used against you.

It is past the 6 month mark, so the money you get back will be based on current appraised value. A SFR investment property is 75% LTV. A MFR investment property has an LTV of 70% for conventional financing.