All Forum Posts by: Nick Bednarczyk

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Nick Bednarczyk has started 105 posts and replied 145 times.

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...

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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...

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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 ..

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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 !

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Fix and Flips, Dscr, long term rentals, cash out refis, bridge

Call Nick9

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Who's looking for their next investment loan?

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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.

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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.

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Quote from @Robin Simon:

Quote from @William Coet:

Looking for a 30 year mortgage for a multifamily of 5-10 units.

Many portfolio lenders offer 30 year terms for multiple family.

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!

https://www.biggerpockets.com/blog/multifamily-dscr-loans

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DSCR RATES STARTING AT 6.75%

UP TO 90% PURCHASE

UP TO 75% CASH OUT.

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