All Forum Posts by: Noah Wright

Hello,

I went to go get a HELOC on my rental property and most of the big banks said they do not do HELOCs for investment properties. I am trying to find a way to take out the equity to buy a new property. Any strategies, ideas, etc? I do not want to refinance because my interest rate is at 4 percent. Would appreciate some help with this.

Just trying to get a gauge on current DSCR loan rates. Curious what those who are looking at BRRRR refi's are getting quoted at, all things being equal.

I'm looking to cash out refi a SFR rental property in Irving, TX. I live in WA. So I've been rejected by several national lenders now. Is it pretty much impossible? If not, please show me how. Thank you!

Any cash out refinancing options that would not requiring seasoning?

From my own research this is unlikely. At best I've seen 6 month seasoning periods. 

I am targeting properties that have been on the MLS for longer than the average. Hopefully purchase for a discounted price. I'd mortgage them. Do a light rehab to increase ARV. Refinance and pull my down payment back out to start the next. Pretty much a classic BRRR.

I'm hoping not to have my down payments tied up for a 6 months to a year before I can repeat the process.

Any help and advice is truly appreciated.

Hello, All!

I am looking at a property zoned commercial where there is retail space on the bottom floor and an apartment above. The apartment requires substantial work to be completed prior to renting. The retail space needs minor work. I'm used to BRRR'ing residential homes and would like to do something similar with this property. Is that a thing? What are my options?

Hi there, looking for a hard money lender in the Chicago/NE IL area.

Hello. Looking for an investor friendly lender for an apartment building in E. Cleveland. Cash flowing presently with some soft Reno value add.