All Forum Posts by: Salvatore Lentini

Hi @Zani Semovski I have a lender that will do a cash out refi.  They'll base the loan on the appraisal and not your income.  70-75LTV no tax returns.  No fees until closing. Rates are higher than a traditional bank but way lower than private or hard money.  PM me and we can discuss options.

Hi @Marvin Gunn - I have a lender that would be able to do that if it is non-owner occupied.  PM me for details.

@Dee M. - like Jassem said.  Not only is it not taxed, the interest is tax deductible.    Unbelievable but true.  So make that money work for you instead of sitting there locked up.  I work with a lender that can get loans done quickly where traditional lenders can't.  PM if interested or just in general.  Your past 2.5 years is impressive.  We are on similar paths!

Hi @Steven Lewis -  No problem, PM me.  One of the lenders I work with would be ok with your situation.  Rates are higher than a traditional bank but much lower than private or hard money.  Plus, you'd get your money now rather than waiting.  No tax returns needed as the loan is based on the property and not you. No upfront money and no fees until you close.  How's Hoboken these days?  I used to live there :)

Hi @Steven Lewis - Not a problem.  PM me.  One of the lenders I work with would be ok with your situation.  Rates are higher than a traditional bank but much lower than private money or hard money.  No tax returns needed as the loan is based on the property and not you.  No upfront money and no fees until you close.

The million dollar question is...

What are the asset classes that are undervalued at the moment and show the most promise of becoming the next MF?

Hi @Dave Minor You can find ones that will do it with less seasoning but it will most likely be based on the price you paid and not an appraisal.  Is it a rental?  If so, I work with a lender that will loan based on the income of the property not the borrower.  PM if interested and we can discuss.

Hi @Jared L Getz You can get 75LTV. I work with a lender that can do that and a better rate than your 8.125. They base the loan on the income of the property not the borrower and can close quickly. Although even at 75 - 80 LTV and the amount of your current mortgage it's not likely to get you any extra money. You will need an appraisal too. Let me know if you're interested. Inbox/PM me.

@Francis Lamadrid Sounds like you have some interesting things brewing!  I work with a non traditional lender that loans on the income of the property instead of the income of the borrower.  No tax returns, no fees unless they close.  The path to success in real estate, which with your experience I'm sure you know already.... relies heavily on access to capital.  Inbox/PM me and we can discuss further.

Hi @Melanie Siegel - I work with a lender that does not require tax returns.  They base the loan on the income of the property not the income of the borrower.  Rate would be more than your current 4.75 but much less than private or hard money.  PM if interested.