All Forum Posts by: Ryan Davies

I'm in Utah! Don't forget the tax strategy of holding and the fact that you have very cheap money against the property that you probably won't ever be able to get at that rate again. I regret selling stuff over the years based on what I now know. I will always hold and leverage.

You're looking for DSCR for sure

@Zen Lenon If you're assuming you will need to owner occupy it since its a VA loan. Subject to will be your best option if it will be an investment property.

@Frank Z. DSCR is an investor loan for buy and hold. That will be your best next option for buy and hold once you hit your cap of 10 properties unless you 1031 exchange into less finances properties to open up slots. Hard money is short term lending 6-24 month terms.

Our investors technically can do 50k, its just harder to motivate. My business partner and I won't even touch a loan below 200k unless we get guaranteed 2k up front since its just not worth our time. Same amount of time on a 50-100k loan as it is on a 20MM loan. 

Hard money only works in this situation if you buy it with your own cash and then refinance after.

I live in Utah and work with investors nationwide and Office is not a good place to be in right now for many reasons(people working from home, rates, sellers not wanting a short sale, etc.). In Utah I would focus on 4+ unit commercial.

Are you referring to financing a down payment? Is this a subject to deal or are you trying to assume it? This would be best to subject to.

We would be happy to help. You will have a hard time getting that done due to the loan amount.

Typically our lending partners programs are as follows:

• Rates: 10% to 14% (Most Deals are 12%)
• Terms: 1 Day - 24 Months (Most Deals are 6 months)
• Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee
• Minimum Loan Amount: $75,000
• Max Loan: 65-70% of After Repair Value(ARV)
• 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)
• Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)
• We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
• NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Happy to see how I can help you. How do you propose a win-win?