All Forum Posts by: Bob Green

Andre,

The answer is NO. Not all lenders require employment and income to be approved for a loan.  Non traditional lenders may offer asset based loans or other non traditional loans where employment and debt to income will not matter.  These lenders look at credit and cash flow of property to be approved.  Look in the lender directory here at BP for assistance.  Good luck!

Hello Jestin,

I may be able to assist you. We offer asset based lending - no employment, debt or income requirement. Will send a PM.

No, because you can source where the funds originated and prove this is your money.

Hello Delbert,

Is your goal to be a buy/hold investor, fix n flip or both?  You may want to join your local real estate meet up groups and start to align yourself with the right professionals(real estate agent, wholesaler, contractors, etc.) who can guide you along.

Asset Based Loans - No Employment, Debt or Income Requirement.

We approve loans based on Credit and Cash Flow of the Property.

Cash out up to 80% of Value

30 Year Fixed

Unleash equity in rental property and grow your real estate portfolio sooner rather than later.

Nationwide

Yes, refinance with a different lender that allows property to be held in LLC. Conventional lenders do not allow this but commercial and asset based lenders do. You can check with local community bank, credit union or check the lender directory here on BP - good luck my friend.

In my real estate experience I have refinanced through local community banks and credit unions with no seasoning requirement to cash out based on fair market value.  If you live in the same state as where the property is located you should be a able to achieve this goal. There are other non-traditional lenders who offer 90 value seasoning and then traditional conventional lender who require 6 months.  Check the lender directory her on BP.  Good luck!

My suggestion is to take out a heloc on primary home and use the funds for down payment only. The remaining funds will come from the HML. Therefore, minimal risk on primary home. The heloc will be paid back upon sale or refinance of property.

I don't believe a blanket loan or heloc is an option on a vacation rental but not 100% certain. Is the vacation rental located in the same state as where you live?  If so, I would check with a local community bank or credit union.  If not, check the lender directory here on BP, there may be a lender who can assist.  Good luck!

Hello All,

As many of you are aware, we offer acquisition and rehab lines of credit on 1-4 unit properties and 5+ multi units based on 3-10X your liquidity. The line is revolving and can be used over and over as you pay it down or off. For example, $100,000(cash in bank) X 5 = $500,000 line of credit.

Your credentials and location of properties determine lending structure and rates:

• Rates down to 6.75% interest only
• Down payment as low as 10%
• Fund up to 95% of construction budget
• Lend up to 75% of after repair value

Please click on link below to answer questions related to your credit, experience and liquidity so I can determine you financing options. Upon review I will email options to discuss on a call with you.

https://rplgfund.com/fix-flip-application/