All Forum Posts by: Shaun Ashkenazy

From my experience, 80% LTV is the max anyone can get and definitely a valid option with some lenders. Regardless if it is residential or commercial, the DSCR plays a significant role in determining the max LTV for your property (other things that effect LTV include your credit score, location, property type, seasoning, etc). Your best bet, as mentioned before me, is to use a broker that will shop around for you, this will save you time, and you will probably get the best possible option.

Hi @Kelly M., the LTV depends largely on the property DSCR (Debt Service Coverage Ratio = Income from rent/expenses). Different lenders have different minimums and requirements, I would be happy to help you find out what is the highest LTV you can get. Feel free to send me a message.

@Brandon G. If you are short on time a Bank Loan will definitely take longer and you won't be able to start the process of getting the construction loan until you close and own the property.

Also, not only having two loans will cost you double in fees, you would also limit your options with lenders, as most lenders require a 1st position lien. Getting one loan will probably be the best way to structure this deal.

If you are still shopping around for lenders, feel free to PM me.

Good luck!

Hi @perig vennetier, 

There are obviously many different strategies you can use to generate this amount of passive income, the two biggest questions are what are you comfortable investing and what is your risk tolerance. 

I am the owner of Onyx Funding, we are a brokerage that connects real estate professionals with capital sources. One way you can generate this income completely passively is by becoming a private lender. You can invest $250K-$300K to professional fix and flippers for example, and generate around 10% return annually (=$25K-$30K). you can do this in many different states and not just CA. 

PM or email me if you are interested to learn more.

Good luck!

Hey Matt, being in sales and marketing for the past decade this question does not have one right answer. 

First of all, you should always have more than one option, so you never depend and one person/lender. 

When you say that you have known the person for a while, what does that mean? how close are you? Many things happen to people when we get to the "money time", a few examples might be cold feet/loss of interest/no ability to actaully do it/vacation/too busy with other stuff etc. 

In a standard scenerio, I would suggest calling a few more times, text and email, but also start looking for alternative solutions so you dont lose the deal. 

If he gets back to you and you still want to go with him, great! If its too late and you got funding from a different source, now that person knows they missed the opportunity and next time, if actaully interested, they will be available to take your call in time.

Hope this helps! 

This is pretty standard, however if you have completed an "exit" on those 6 properties (refinanced/sold), you may be able to find a lender that will give you better rates.