All Forum Posts by: Julie L.

Looking for a recommendation for broker or bank that can do a small cash out refi on an investment property in Austin. Thanks in advance! 

We have an amazing turnkey opportunity in Indianapolis. After all expenses are accounted for this property will net you over 20% cash on cash returns. The home was recently updated with new tightlock vinyl flooring in living area and new laminate flooring in kitchen so you won't have to replace upon turnover. The roof is in good condition. There is also a new shower stall and paint throughout. Eat in kitchen with new window bench, a laundry room and huge double garage and brand new garage door. This property comes with TWO lots, potentially build an additional home on the lot if the zoning approves. Tenants recently moved in and have signed a 1 year lease. Great tenants with stable income and rental history. Please contact me to learn more. 

Looking to connect with property managers in the 95824 zip for a 14 unit building. Please message me!

@Anthony Chara Love that loophole! 

Richard Marshall You can refi prior to the 6 months but you can only extract up to the purchase price.

Chance Bridges We are evaluating a property that I believe is outside the perimeter. Near Frederick Douglas High School by Center Hill.

Does anyone know what the average cap rates are for NW Atlanta?

Jenifer Levini would love to connect if I ever have the need, please pm me!

@Susan Herschell Chris is correct that this is not only dangerous for the lender but also could result in a waste of time and damage your credibility as a buyer in the eyes of the listing broker. And if you are planning on making a lot of offers that is the last thing you want. My commercial broker that I work with knows what lender requirements generally look like so he usually only sends properties that make sense for me based on my specific lending criteria. And my lender and I have discussed at length what my parameters are in terms of DTI with respect to where the property income needs to be in order for me to qualify. As Chris said, this will generally only be provided to investors where the lender knows and trusts the investor to evaluate his/her qualifications.

Susan Herschell I know some lenders provide clients with a MS Word document that allows the borrower to make changes to the dollar amount and property address when a property becomes available that they want to put an offer in on.