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All Forum Posts by: Noah Wright

Noah Wright has started 0 posts and replied 136 times.

Post: No Experience Fix and Flip Financing

Noah Wright#4 Private Lending & Conventional Mortgage Advice ContributorPosted
  • USA, Nationwide
  • Posts 151
  • Votes 79
Quote from @Ralph Trinidad:

Looking for 90% acquisition cost which will be about 50% ARV. No need for rehab financing. The guarantor on this loan has no previous experience however the person running rehab has 10-12 flips experience in the past 24 months but will not appear as a guarantor because of credit. Anyone offering this? PA property. Thanks.


 Absolutely! Happy to help --

Quote from @Troy Smith:

I’m almost done with the rehab on my first brrrr property. When should I refinance? Should I wait until it’s rented first or just start the refinance process right away?

This is my first Brrrr


Hey Troy! Great question. We have a solution for this where you do not need to wait to cash-out at normal 30-year interest rates! Happy to help, feel free to call --

Quote from @Andrew W.:

 Hi Andrew, thanks for the question.

We specialize in investment real estate lending.

We specialize in this specific issue, actually. Happy to help --

Cost of doing business. Different banks/lenders are going to have marginally different numbers, but as long as you're not getting an exorbitant interest rate, it's going to be more-or-less negligible. You'll find much greater difference in $$$$$ by refining your location/rehab/vacancy strategies instead of worrying about "how much it costs to borrow money" in this environment.

Nearly all of my clients are more concerned with a simple and headache-free funding process, than the "lowest rate." When your rental income is 1.5-2x the mortgage payment - as is typical for highly refined STR strategies - they're basically not concerned about the mortgage payment. It's more about how to multiply the number of homes producing that cashflow.

Bless

Post: Help Me Close On My Loan!

Noah Wright#4 Private Lending & Conventional Mortgage Advice ContributorPosted
  • USA, Nationwide
  • Posts 151
  • Votes 79
Quote from @Jennifer Fernéz:
Quote from @Noah Wright:

Absolutely, happy to help --

Thanks! What is your preferred method of contact and when is a good time?

 I have some time now if you'd like to hop on a call

Post: Help Me Close On My Loan!

Noah Wright#4 Private Lending & Conventional Mortgage Advice ContributorPosted
  • USA, Nationwide
  • Posts 151
  • Votes 79

Absolutely, happy to help --