All Forum Posts by: Samuel Iddings

We are trying to do a traditional rental property. At this point in our development we are simply just sitting on our hands saving up capital for a solid 20%. The ideal situation is to purchase a property with the intentions of running a short term rental through AirBNB/ VRBO, etc. If there is was to expedite the process—a find a route that required less down—that would be ideal. 

Does anyone know of a bank that will allow a 5% (or just a low) down payment on a conventional loan to an LLC? I know it sounds like a stretch. The most recent Real Estate Rookie podcast alluded to the possibility that there are banks that provide packages as such. Thanks!

@Sarah Brown is this a process people use often? Or just the investors on tik tok? While that may seem like a silly questions, it seems like a strategy that is often emphasized without any great detail into the risk.

My partner and I are looking to purchase a property using a hard money lender or private money lender. Can anyone walk me through the “Loan to Refi Repay” process? What do the margins need to look like for it to be feasible? Do I need money to cover paying the lender back every month until the refi comes through? Does this process only work if the property needs to be flipped? How much do I get in the refinance?