All Forum Posts by: Marcos De la Cruz

@Marcos De la Cruz @Caroline Gerardo   I do. In Texas. We are a balance sheet lender so lend our own money. We do not broker it out, we make out lending decisions. It is my money. 

It is a advised line so it is not able to be used for anything, but it can be used to buy 1-4 unit business purpose property (non-owner occupied). However, the reason I always ask what the use is for because it is short term money so if the answer is to get cash out for a down payment for example you would be better off getting a fixed first lien. 

@Marcos De la Cruz @Caroline Gerardo   I do. In Texas. We are a balance sheet lender so lend our own money. We do not broker it out, we make out lending decisions. It is my money. 

It is a advised line so it is not able to be used for anything, but it can be used to buy 1-4 unit business purpose property (non-owner occupied). However, the reason I always ask what the use is for because it is short term money so if the answer is to get cash out for a down payment for example you would be better off getting a fixed first lien. 

 @Marcos De la Cruz     This should not be a hard loan to find. What are you looking to do with the equity?

There is no bank or normal lender who will do a first position HELOC today. They use short form title and automated valuation data tools that do not line up with a loan in first position.

There were some last year. All pulled out.

Hard money for a year, get a full title insurance policy then try to do a HELOC

You need 721 score, full doc and no LLC

 @Marcos De la Cruz     This should not be a hard loan to find. What are you looking to do with the equity?

 Hey @Marcos De la Cruz I just sent you a PM.

Hey @Marcos De la Cruz, I know a rockstar out there. I'll shoot you a PM.

Crime Grade is crap. It displays what I know for a fact to be A+++ neighborhoods in towns that I've spent decades in with $1M+ homes, that I know are some of the safest and high end neighborhoods out there, as dark orange. It's nonsense. Seems they aggregate all crime and group them by some meaningless border less census tract or something. Plus they are trying to upsell you on other services.