All Forum Posts by: Lyndsay Zwirlein

So I purchased a property a few months ago through a wholesaler, a Hard Money Lender actually blasted out the deal to investors across the country and I was able to get the deal. I just completed the rehab a couple of months ago, and was looking for a buyer, but unfortunately due to Rate increases the buyer demand has slowed. I am now considering doing a refinance or cash out refinance with a DSCR lender, and maybe re-list next year because I don't believe my income can support the mortgage. Currently paying around $4000 in Hard Money interest per month, so looking to find a great solution based lender. Thanks

So I’m currently at the point in my life where I have a good portion of capitol accumulated over the years being an athlete, however, I’m in between employment so I’m having issues applying for loans from lenders although the cash is there? Anyone have any creative ideas that can help me maneuver this issue? Or will I need to get a traditional job to make lenders feel secure?

I'm looking to remotely invest in a manufactured home in Macon, GA and I'm curious if I can get a conventional loan?  Anyone have any insight?

Hello friends,

I am currently under contract with my first STR in northern Michigan. The location we chose will be a 4 season rental (skiing, snowmobiling, boating, fishing, golfing) with lake/dock access. Our offer was $260,000 (which we thought was close to value) but the appraisal came back at $140,000! What do we do?? A bit of a red flag I suppose.. The previous owners have had it for only months and they paid $220,000. There are comps in the $220's but 140k is still quite far from that even!
I think I’m dealing with a management company, is there a chance they would like to off load this property before year end even at a loss to avoid paying taxes and such? 
Thanks in advance for your advice!

Jason 

Question: How can I invest as a NEW 1099 employee (Ex. independent insurance agent commission only)? My last two years of taxes are from a different W2 job. How can I prove to the bank I can afford a property? I would like to house-hack FHA on a duplex, but if that's not applicable based on my new employment, I would purchase a single with 20% down. Is that my best option to get started? What are some strategies 1099 employees use to avoid waiting on the sidelines while they don't have 2 years of taxes to show? - Dina Joseph

My wife and I own a small business and rent a store front in our town. We were approached by our landlord with an offer to buy his property. The property includes 4 store fronts, including ours and 6 apartments above the store fronts. We have talked to our accountant and he advised us not to buy the property under our current llc and apply for a new one. The problem I'm having with that is the few banks I've called want the new llc to have been in business for certain amount of time or that they don't give loans for that sort of business. This is the first time my wife and I have done something like this and we need help moving forward  or some helpful tips. Could anyone recommend what kind of loan to get, the right questions to ask, or which bank would be the best. Also, he said he would think about seller financing but he would rather us get a loan. Any suggestions or advice will be greatly appreciated. 

I'm looking to potentially purchase an MTR/STR in either Gainesville GA or Augusta GA (or both). Would love some insight from anyone that has a working MTR/STR in these areas.

Thanks in advance!

Im wondering if anyone out there is having success with a MTR in the space coast area of Florida. Im having trouble obtaining STR insurance after Ian, so I'm leaning towards MTR. Wondering if the area is conducive at all. Anyone in a similar situation please feel free to reach out

I'm looking to finance my 2 investment property which is a new townhome. Are there any specific financing companies that will finance the property and not count against my DTI?