All Forum Posts by: Ryan Stuckey

Quote from @Austin Clarence:

If you google the company and do not see any reviews that usually is not the best sign. But I would not, not use them just because people responding to this post have not heard of this specific lender. 

It's a little more involved than that, Austin. When you go to multiple REI events per month and get to know the active REI lenders in town, I think it is pretty helpful for an out-of-town borrower to hear that this company is not known here at all. 

Quote from @Lyle Alan Young:

Have a home I'd like to buy and do a quick fix and flip. Also looking at additional single family homes that would make great profits for us both.

Get in touch with Tim Bishop with Longhorn Investments - he's in Arkansas and an investor himself. A simple web search and you will find him on the main site. Potentially 100% financing on both purchase and rehab.

We're in Cincinnati, never heard of them and we go to a lot of REI events in town.

Longhorn Investments is well known as a leading hard money lender in the US - 15 years and 7000+ closed loans worth of experience (and repeat/loyal customers). Now open in Ohio (state #10).

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV) with fast closings.

No experience required as well (yes, this is true).

Loyalty program with VIP pricing after three deals.

In my short video below, I describe two recent closings in Cincinnati with 100% of purchase and rehab costs covered by the loan. That meant no down payment and only closing costs for the borrower to close the deal.

More info:
https://www.longhorninvestments.com/markets-served/ohio

Please send me a message if you would like to discuss our program.

Quote from @Nicholas L.:

@Ryan Stuckey

what are the experience and credit requirements for the 100% program?  and how many points does it cost?

No experience required as the deal itself is most important. However, in a case like a first timer doing a large rehab out of state, that would get more scrutiny.

We require 640 credit for base terms, although we will go to 600 credit with an upcharge on origination.

Base origination is 2.99% on the first three deals, and after three completed deals in good standing, it goes to 1.99% in the Loyalty Program.

Quote from @Patrick Rowell:

Hi Team,

I'm evaluating duplexes in my area. There are hundreds (it seems) to choose from, all are Class C, -C in a slowly gentrifying areas. But, I'm struggling to land a deal, mostly because most deals are pushing thresholds on all metrics (e.g. 1%rule, CapRate >7%, DSCR =>1.25, etc.). But, others are snapping them up. Mostly out of state investors. But why? What am I missing that they all see? Am I wrong or are they?

Lots of coastal money hoovering up deals that look like major bargains compared to where they live and/or what they are used to...

Quote from @David Ramirez:

Quote from @Ryan Stuckey:

Quote from @Nicholas L.:

no lender will cover 100% of purchase and rehab

Incorrect. Longhorn Investments has been doing it for 15 years (>7500 closed loans).

 Without experience?? 🤔🤔

Correct, experience is not a requirement. That said, if you have no experience and are doing a big rehab in another state, that's not as easy to approve.

Quote from @Nicholas L.:

no lender will cover 100% of purchase and rehab

Incorrect. Longhorn Investments has been doing it for 15 years (>7500 closed loans).

Be sure to speak with Longhorn Investments - active in KC and STL in MO and highly experienced experts in fix and flip funding.

Longhorn Investments is well known as a leading hard money lender in the US - 15 years and 7000+ closed loans worth of experience (and repeat/loyal customers).  Now open in Ohio (state #10).

Offering very rare 100% financing on purchase and rehab costs (up to 75% of ARV).

In my short video below, I describe two recent closings in Columbus with 100% of purchase and rehab costs covered by the loan. That meant no down payment and only closing costs for the borrower to close the deal.

More info:

https://www.longhorninvestments.com/markets-served/ohio