All Forum Posts by: Raymond J. Rodrigues

Hi @Chris Call, reach out to @Josh Green. He has the proper resources to help get your property management needs fulfilled! 

@Stuart Udis, lenders and brokers are all paid the same. To state that a broker cost more than a lender is false and can vary based on institution. You're not necessarily paying more to go with one option versus the other. At the end of the day, it's just a matter of who is willing to give you a better deal and has the flexibility to do so.

Those rates seem quite high. I am looking at options from a lender that I know and am seeing rates around 7.5% for the same 1.5% cost and 7% costing 2.5%. Quite a bit of savings compared to what you're getting. @Susie C.

Hi @Jessica Heller, I recommend comparing between the three to see which lender will give you the best deal. 

JPM will most likely give you the worst terms when it comes to financing an investment property just an FYI.

Feel free to reach out with any questions :)

Hi @Caleb Sonneman, I may know of a few options available to you. Happy to connect! 

Hi @Dillon O'Connell, thanks for making this post. It’s nice to hear everyone goals in life and what they are striving to accomplish. Reach out to @Judson Osbon, I’m sure he’ll be able to provide you with the proper guidance that you’ll need to successfully invest in real estate here in the Orlando area! 

Hi @Bien Nguyen, @Josh Green is the go to realtor/investor here in Florida for all your STR needs and will be able to guide you towards making a successful investment/purchase. He's helped out quite a few of my clients in the area and will be able to do the same for you.

DSCR loans require more down payment, higher interest rates and prepayment penalties. They are not your best loan option if you can qualify showing verifiable income.

@David M., I think you're misinterpreting his question. He's asking how lenders look at the Schedule E rental income calculation based on the tax returns. Lenders do not look at leases and take 75% of that minus your mortgage payment if you've owned that property for a while already and that it should be showing rental income on your returns. The only thing you seem to be missing on there that could help you out, that is an add-back expense, is adding depreciation! 

@Michael Klein, reach out to @Josh Green. He assists all my clients and local BP members in the area with their STR and LTR needs. He also assists with the property management side of it as well if needed!