All Forum Posts by: Jordi Valado
Jordi Valado has started 15 posts and replied 37 times.
Post: Help with Refinance
- Posts 37
- Votes 15
Quote from @Patrick Galphin:
- we have helped
@Jordi Valado we have worked with 100s of REIs and have the tools and relationships to help make a deal like this work. While your current situation may bring a few additional challenges, we would love to help get you to the finish line! Please let me know if I can help!
Patrick
Thank you for the help Patrick! I am actually using the lending side of Crest Core as a hard money lender! Would love to connect on the refinance portion.
Post: Help with Refinance
- Posts 37
- Votes 15
Quote from @Matthew Crivelli:
Commercial DSCR loans will go up to 80% LTV on a refinance. You can use these loans on 1-4 family rentals. You would need to refi into an LLC, the rates & closing costs tend to be higher. BUT you have less red tape, no tax returns, DTI, or employment checks are required. Plus the seasoning periods are little to none & the closing times are greatly reduced.
Thank you for the help!
Post: Help with Refinance
- Posts 37
- Votes 15
Quote from @Nate Herndon:
Hi @Jordi Valado, happy to provide some information on that. My clients in Memphis (and Southhaven, MS) are routinely looking for 75-80% LTV on their BRRRR refinance. That is totally doable.
Here are where those maximum loan amounts will land:
o Under 90-day seasoning:
75% LTV or 100% LTC (lesser of)
o 90+ day seasoning:
75-80% LTV for cash-out refinance
80% LTV for rate/term refinance
Thank you for the support! This helps me knowing these options are out there!
Ron thank you for the honest comments! This was very helpful! Free is always for me, i'll be checking county websites.
Hello! Has anyone used Foreclosure.com before? I am new to investing and I would like to learn more about the foreclosure process. When it comes to online auctions do I need to have the full amount of the home? Can I use a hard money lender for these type of purchases? Would love to connect with some who has foreclosure investing experience.
THANK YOU!
Post: Help with Refinance
- Posts 37
- Votes 15
Hello! I am new to REI and I have been running my numbers for multiple properties I have received from my realtor. The part that I get stuck on is the refinance part. Are there banks that will do more than 70% LTV?? My goal is to get a cash flowing property that I will not have to bring much to closing on the refinance. I understand that in a perfect world this will be possible but maybe not in our current world haha. Can someone help with this mental block?
Post: Real Estate Attorney for BRRRR Investing
- Posts 37
- Votes 15
Quote from @Douglas Skipworth:
@Jordi Valado, when it comes to real estate attorneys in Memphis, I've found that Will Griffin, Jr. is as good as they come. He does hundreds of investor closings each year. He's seen it all and should be able to handle whatever you throw at him.
Thank you!! I sent him a message from his website!
Post: Real Estate Attorney for BRRRR Investing
- Posts 37
- Votes 15
Hello, I am looking to connect with a real estate attorney who works with new investors in Memphis. I look forward in speaking with you!
Thank you for the advice!
Hey All,
I’ve been getting emails from people who are claiming to be private money lenders. Can these be trusted? Has anyone worked with a private money lender like this? I do post my email on different groups for deals so I understand how they have my email.