All Forum Posts by: Nick Hosmer

Hello, 

 I currently own 4 rental properties but this is my first real brrrr and using a private money lender Aloha Capital. Using the fix and rent loans and 100 percent renovations how much does such a loan costs? How do closing costs on a private money loan compare to a traditional conventional bank for a brrr? Do I have to pay closing costs again when I do the cashout refinance? Thankyou for all of your help! 

Hey Dennis! unless its going to stop you getting the terms you want on an investment or getting approved at all, i would Pay yourself first, meaning get the investment. Then using the income coming in from the property to payoff your investments (using other peoples money)

Hello everyone, I live in upstate NY with a very good rental market. I currently own 2 rental property’s, along with our home now. My rentals cash flow pays for all 3 mortgages with a couple hundred left over. I’m currently struggling to get another loan for more investment properties because of the debt to income ratio. I know this is a struggle for many investors, how do I go about getting around this with the banks? Are certain banks more leanent with real estate investors? Any advice would be appreciated.