All Forum Posts by: Lyndsey Gordon
Lyndsey Gordon has started 1 posts and replied 5 times.
Quote from @Lehua Sutterfield:
Quote from @Lyndsey Gordon:
Hi @Lehua, we have 2 years but this year my husband and I received significant raises so we're hoping to use this income (so we are in yr 1 of this income).
Newfi can do this loan for you. Call Melody Remular at Nexa Mortgage tell her I referred you to her 808-352-0889
Hi @Lehua, we have 2 years but this year my husband and I received significant raises so we're hoping to use this income (so we are in yr 1 of this income).
Thank you @Heather Hatcher!! Just PM'd him. Looking forward to connecting with you both!
Quote from @Lien Vuong:
Have you considered private lending options as well as commercial financing? They would be able to count the rents in the property to qualify it.
Interesting- No I haven't. Thanks so much I will look into this. Are these usually location specific lenders?
Hi All! My husband and I have been presented with an amazing off-market opportunity to purchase our neighbors home in a highly desirable beach community on Oahu. This is home is truly our dream home. Unfortunately, lenders are telling us we need additional years of our self-employed income before we can qualify for the loan. The home has a vacation rental that produces anywhere from $3500-$7500/month of income, which lenders also will not take into consideration. Based on the current market here & comps, we figure a fair market value price is $1.7mil. We have a strong lease-to-own agreement to present to him but we are looking for additional offers we could make.
We were thinking of searching for a partner on the home or someone who could help us offer cash & we then structure a seller-finance deal through the investor at a higher interest rate for X amount of years until we can buy them out. Does anyone have any ideas or thoughts on this?