All Forum Posts by: Nick Bednarczyk
Nick Bednarczyk has started 105 posts and replied 145 times.
Post: Yes Your credit score is Important !
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Yes ! Your credit is Important. No matter your current credit score, Edge Home Finance can help. With over 140 lenders nationwide,
We offer almost unlimited loan funding solutions...
Post: Yes Your Credit score is Important !
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Yes ! Your credit is Important. No matter your current credit score, Edge Home Finance can help. With over 140 lenders nationwide,
We offer almost unlimited loan funding solutions...
Post: The 5 CS of Credit!
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
The Five C's of Credit: https://www.score.org/sewisconsin/resource/eguide/five-cs-credit
Credit affects just about everything we do In life, Unless paying Cash ..
The Five C's of Credit: https://www.score.org/sewisconsin/resource/eguide/five-cs-credit
So important for just about everything you do in Life. Except when paying Cash !
Post: Who's Looking for their next investor loan?
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Fix and Flips, Dscr, long term rentals, cash out refis, bridge
Call Nick9
Post: Who's Looking For Loans!
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Who's looking for their next investment loan?
Post: HELOC vs Hard Money for a flip
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Quote from @Hoa Nguyen:
Hey, everyone looking for some advice in regards to financing a potential flip.
I have about 100k in equity in my primary residence and have heard some success stories in using HELOCs for flips. In my market, you can find a home that needs 20k in repairs for 30k-50k.
My question is, is it a good idea to capitalize on the HELOC opportunity if I find a solid deal? Or should I rather seek a hard money lender?
These are the only two options I am looking at. Don't have dp for a conventional.
I would say YES. GO FOR IT.
Post: Financing Repairs - HELOC, Business Line of Credit, Portfolio Loan
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Yes. All of the options mentioned are available. I would imagine that the answer for least cost to setup and most flexibility would be the line of credit. I hope this helps.
Post: Where to find 30 year mortgage for 5+ unit multifamily?
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
Quote from @Robin Simon:
Quote from @William Coet:
Looking for a 30 year mortgage for a multifamily of 5-10 units.
Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). If you haven't come across it - hope it helps!
Post: Investor Loans for Rentals
- Lender
- Sarasota, FL
- Posts 187
- Votes 24
DSCR RATES STARTING AT 6.75%
UP TO 90% PURCHASE
UP TO 75% CASH OUT.
