All Forum Posts by: Natalie Harper

Hi @Nick G.,

I would be interested in connecting with those people :) My email is [email protected] - feel free to email me with their contact info!

Thank you!

@Kim Desimone Hi Kim, Thanks for your message. I checked out the link that you sent and it looks like they only lend up to 250k. Unfortunately median house prices in Santa Barbara are around a million. Crazy I know... 

We do have the capital to put down 25-30% so if you can think of anything else, please let me know :)

@Reginald Truss [email protected]

My husband and I are looking for a private money lender to purchase a home that we would like to renovate over time and eventually flip. We don't fit into the mold to get a conventional loan because we were living abroad for several years before moving to California so we can not show 2 yrs of W2's. We own a very successful business here in Santa Barbara (opened for 1 yr) with bank statements showing an average of 100k per month in deposits over the last 12 months. The property that we would like to purchase is 1.1 mil. We can put 25-30% down and we are credit worthy. I did look into getting a bank statement loan but we had some trouble because my husband is from Canada and only has a Canadian credit report (838 score). Apparently they need a US credit report but he has not been here long enough to establish credit. We are looking to borrow for 2 yrs until we can refinance.

Any advice would be greatly appreciated! 

My husband and I are looking for a private money lender to purchase a home that we would like to renovate over time and eventually flip. We don't fit into the mold to get a conventional loan because we were living abroad for several years before moving to California so we can not show 2 yrs of W2's. We own a very successful business here in Santa Barbara (opened for 1 yr) with bank statements showing an average of 100k per month in deposits over the last 12 months. The property that we would like to purchase is 1.1 mil. We can put 25-30% down and we are credit worthy. I did look into getting a bank statement loan but we had some trouble because my husband is from Canada and only has a Canadian credit report (838 score). Apparently they need a US credit report but he has not been here long enough to establish credit. We are looking to borrow for 2 yrs until we can refinance.

Any advice would be greatly appreciated! 

Thanks @Account Closed!

Hi everyone! 

Im hoping to get some advice on a current deal that I am working on. My husband and I are looking to purchase a property as a buy and hold investment. We will not get approved for a conventional mortgage through a bank because we have lived overseas for the past 5 yrs and can not show consistent income. We own a business here in CA that is doing very well but we are only coming up to the one year anniversary since we have opened and banks we have spoken with have told us to wait for 2 yrs. We recently found a property in our area for 820k. Its 5 bed/3bath that is completely refinished that could rent for 6k per month. The lot that it sits on is zoned for R3 so the plan is to put 2 modular apartment units increasing the overall rent of the property to 8k+ per month. The seller is willing to finance but wants to do an amortized loan with 20 percent down, 5% interest and paid out in 10 yrs. (Payments are too high in this case) I would prefer to work a deal with the seller to finance us for 3 years and then we will refinance with the bank to get a lower interest rate. We will add the modular units within the first year of owning which will increase the property value. I don't know much about structuring different kinds of mortgages so my question is - What kind of offer can I put together for the seller that would be in my best interest? Any suggestions would be super beneficial!