All Forum Posts by: Kristina Szwaja

Thank you for the response and I will definitely look into that.

Curious can I purchase a home with my LLC from myself?

I have a house that is in my name and the question is can I buy it from myself through my business LLC?

Thank you for the advise and I will do. Also what fees are associated with doing a cash out refinance?? 
thanks in advance, have a blessed day

Quote from @Jaron Walling:

@Kristina Szwaja Just go through the lender and pay for small appraisal fee. It's going to save you time and effort. Do exactly what @Alex Bekeza said because appraisers appreciate lists of work completed. If something is new behind a wall they can't see it. Everything that's been remodeled adds value (small or large). 

Thank you for the response and I will definitely do the advised steps. Thanks for your time and help.

Hi I am fairly new to real estate investing but have a property I have renovated and would like to do a cash out refinance on to get cash to invest in another investment property. I do not have a mortgage on the property but I do have a HELOC on the home and have done massive amounts of work since getting that(roof, hvac, windows, floors, all plumbing, cabinets, counter tops, bathrooms completed gutted and redone and also added 540sq ft detached 1bd 1 bath permitted living quarters . Question is should I get my own appraisal done prior to applying for a cash out refinance? Also how much are the fees I should expect to pay to get a cash out refinance?

Side note: Zillow and everywhere else has the home listed as a 3 bedroom when it is a 4 bedroom and I believe that’s problematic when looking at value stand point. 

Hi just trying to see if anyone on here has ever dealt with CapSource out of Florida for any of your loans? If so how was the process and would you recommend and if not, then why and who would you recommend?

Hi just trying to see if anyone on here has ever dealt with CapSource out of Florida for any of your loans? If so how was the process and would you recommend and if not, then why and who would you recommend?

Quote from @Kristina Szwaja:

Quote from @Jonathan Taylor:

@Kristina Szwaja I do not have a DSCR lender who would credit 38k. At 75k asking, you can put 25% down (18,750) and negotiate with the seller to refund the 38k after closing. That would solve your issue but also, the property value is so low, only a few DSCR lenders will originate the loan.

Thanks for the response. I greatly appreciate it. I am realizing that the lower amount is my hiccup at this point. If I went the route to do the full 75,000 and have him reimburse my other funds after closing do you have anyone that may do a DSCR loan on a 75,000 purchase? 
thanks

Quote from @Jonathan Taylor:

@Kristina Szwaja I do not have a DSCR lender who would credit 38k. At 75k asking, you can put 25% down (18,750) and negotiate with the seller to refund the 38k after closing. That would solve your issue but also, the property value is so low, only a few DSCR lenders will originate the loan.