All Forum Posts by: Paul Smythe
Paul Smythe has started 55 posts and replied 249 times.
Post: Any lenders that do small self-storage deals (<500k loans)?
- Investor
- Greenville, SC
- Posts 269
- Votes 187
Quote from @Brandon Croucier:
I've gotten a few of these done, let's connect if you are interested.
Email sent
Post: Any lenders that do small self-storage deals (<500k loans)?
- Investor
- Greenville, SC
- Posts 269
- Votes 187
Quote from @Doug Smith:
We do them, but I would want to make sure it makes sense for you. I won't do loans for people if it's not in their best interests to do. Keep in mind that rates are higher than they were 4 years ago. Why do you want to refinance? What is your current rate? Is it a balloon? If so, when does it mature? Is this just to refinance rate/term or are you taking cash out? Is there anything wrong with the collateral property? Is it rural, suburban, or urban? How does the property cash-flow? There are also a lot of questions we would have for you personally regarding credit and liquidity. We do them, but one can't be all things to all people. I often refer out loans, particularly to community banks, if their deal would be better.
PM sent
Post: Any lenders that do small self-storage deals (<500k loans)?
- Investor
- Greenville, SC
- Posts 269
- Votes 187
I'm actively looking to refinance some small self-storage assets. Current LTVs are ~40%. Seeking a higher LTV cash-out refi. Properties located in small markets in the Carolinas.
Anyone have any recommendations?
Post: Looking for cash flowing Deal
- Investor
- Greenville, SC
- Posts 269
- Votes 187
I wish there was a “hide Ohio” filter on BP. The spam is nonsense.
Post: Selling a STR, furnished or not, list with agent or not?
- Investor
- Greenville, SC
- Posts 269
- Votes 187
@John Underwood It seems like Zillow hides their FSBOs now. Have you not had an issue with that?
Post: Can i text a habitual late tenant following message?
- Investor
- Greenville, SC
- Posts 269
- Votes 187
I mean this in the most respectful way possible, but that's a horrible text to send.
Post: How Marriage Affects Your Real Estate Goals
- Investor
- Greenville, SC
- Posts 269
- Votes 187
@Justin Valadez I would focus really hard on paying off the credit cards and building up cash. If you're 26 with no family making $100k, shouldn't be that hard. It's really important to get your situation right.
Post: Self-Storage Insurance Quotes
- Investor
- Greenville, SC
- Posts 269
- Votes 187
Looking to get recommendations for insurance providers for small Self-Storage facilities in NC. Anyone have a good broker/provider recommendation?
Post: Looking for experts in NC Closings (Columbus County, NC)
- Investor
- Greenville, SC
- Posts 269
- Votes 187
I'm assuming SC closings are very similar to NC, but wanting to see if anyone knows of any material differences between the two. Also looking to pick someone's brain about purchasing in NC in general. I'm UC in Columbus County.
Post: Hardwood or Luxury Vinyl Plank
- Investor
- Greenville, SC
- Posts 269
- Votes 187
I've really grown to dislike LVP from an aesthetic perspective, but it's the clear winner over hardwoods from a durability perspective, especially for investment property.