All Forum Posts by: Kevin Woodard

@Stephen Mcnulty Jr If you’re looking to avoid putting 20% down and also need something that is quick, plenty of lenders offer products that would have you bring 11-15% to close towards acquisition. You have to factor in closing costs, you’re still significantly under that 20% threshold with the added benefit of speed and flexibility. 

@Barrett Hoard I know a good lender that may be able to lend a hand. I’ll reach out and put you two in touch!

@Edo Y. I know a good lender in New Jersey that may be of some assistance to you. I'll shoot you a message. 

Typically if renovations were done you can avoid a seasoning period. Did you add value to the property and how did you pay for the renovations? 

I know I'm a bit late to the party and there is a plethora of great information. I just recently saw a deal funded at 60% LTV DSCR loan!

If you can get a private loan for 5% good on you. I haven't seen anything that low so I would just do your due diligence. What's the purpose of the property? Some lenders do not UW STR so if it's a STR it's worth considering. Is it FRM or some sort of ARM? What LTV amount for that rate?

With the facts, however, 5% 30 year is good. 

@Tony Xio I have a few questions but it shouldn’t be too hard, I’ll shoot you a message. 

-Kevin

Aloha and welcome aboard!

I second Matthew’s thoughts. However, it’s a good time to gather questions and meet with asset protection and tax professionals and develop a long term strategy that works for you. 

This will give you milestones to trigger the formation of LLCs, using private money, acquisition goals, etc.