All Forum Posts by: Rene Montelongo

Hey Jonathan, glad to hear that! I need to research all these options and terms. Great info to start with and again, thanks for the reply!

Hey Tim, will do. Thanks for the info and will definitely look into the BP section. 

Hey Tristan, that's what we're running into with banks, pushback. Very interested to start a conversation. Will be in touch. Thanks!

Thanks for the reply Monique! Thats what we're doing, considering all options. Learning a lot here and thanks for reminding me about BP HML directory. Completely forgot about that page. Thanks again!

Thanks and apologies for the late reply Simmy. We have owned the property for about 2-3months. Finishing up rehab and that's the reason for the question about the next step and options that are available. thanks again!

Thanks for the reply Stephanie. Real wealth is the goal. Will look in DSCR loans. I would give you more votes if I could. Thanks again.

Exactly Tina! Thats why I ask. To see what everyone else is experiencing. We're in the same boat, and still looking.

Thanks for replying Effram. My HML does offer that option, but id like to see what other options are available. Again, thanks for the feedback.

Thanks for replying Mike. That looks like sound advise. I assumed that local banks would offer the best rates, but it seems I need to start shopping HMLs. Im attempting a BRRR. I bought, rehabbed, renting out, now looking at refi. So will now shop HMLs for best terms. Thanks again.

Thanks for responding Scott. When you say Direct lenders I am assuming you mean Hard money lenders?  I was reaching out to local banks to attempt to establish a relationship. But, for now it seems Direct lenders, if you mean Hard money,  is the way to go. Thanks again!