All Forum Posts by: Ryan Stuckey

Visio is most competitive with short-term purchase and rehab financing. Long-term financing not so much, with high rates/fees compared to others....

Hi Darnell,

With rehab required, you don't need a DSCR loan yet. You need to find short-term purchase and rehab financing (i.e. hard money or private lender) to acquire and improve the property. When rehab is done and the project is market-ready, you can either sell it or hold/refinance with long-term DSCR financing based on the market rental income on the post-rehab condition. The good news is that purchase and rehab loan size minimums are lower than DSCR minimums.

DSCR is about long-term financing, not short-term purchase and rehab financing. There is no debt service coverage when a property is vacant/distressed and in need of rehab to produce a rental income situation.

Longhorn Investments out of Texas offers 100% purchase and rehab financing (up to X% of LTV) and have been doing it for 15 years with success and integrity. Now operating in 10+ states beyond TX.

Longhorn Investments out of TX continues to offer 100% financing on purchase and rehab projects (up to X% of ARV of course)....15+ years in business, 6500+ loans, and now in many states. Ohio representative here...the loyalty program is fantastic.

 Hi Jordan, we're in Cincinnati and know the SW Ohio market very well - it's our home and focus of operations. Feel free to connect with us and we can discuss your plans and options. It's great to go local - we can potentially meet in person and work together on a first deal and maybe many beyond. 

If time is of the essence to close, close with your own cash in a few days and then apply to put Delayed Financing on it within a few weeks. This is not a refinance. It's purchase-related financing done post-close.

Be careful what you wish for. Being a broker is way more than simply inserting yourself in the middle and collecting a referral fee (do Affiliate Marketing if you want that). A loan broker is a business professional who has to provide a lot of knowledge, guidance, and value to their borrower clients while also knowing hundreds of fine details of different lender programs. Facilitating a deal between difficult lenders and difficult borrowers in the face of time pressures (and now a very difficult lending environment with many marginal deals) is no day at the beach. You will also spend a lot of time collecting, reviewing, and submitting various documents.

Is the property value at $100k+? If yes, loans at $75k+ are available.

Please DM me the address and I will take a look. Thank you.

As long as the cash flow is sufficient to service the loan (hence DSCR), you can expect a 65-75% LTV loan amount depending on your credit score