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All Forum Posts by: Sophia Buesing

Sophia Buesing has started 0 posts and replied 125 times.

Post: Hard Money Loan Draws

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

Hey Katrina! Sorry you are going through this. That is such a long time. We wire the money within 3 days of the request. 

Our rates are 10.5-13% 1.5-2 points. Hope that is helpful. 

Fix and flip loans are so easy and fast to do. For a quick flip you don't have to worry about any prepayment penalty or more paperwork. 

It is very easy to close in your LLC with a DSCR loan. Lenders will still look at your credit score for the loan.

Post: New lender question???

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

I haven't heard of them. Sounds way too good to be true. For hard money 10-13% is pretty standard right now. Would love to connect! We do a ton of real estate happy hours in DFW. 

You might want to look into DSCR or hard money loans. Both of them don't look into your DTI.

Post: Mortgage for an LLC?

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

Hi Jacqueline! You will most likely have to give a personal guarantee for the loan. You can still close in the LLC.

Post: Hello Everyone, I am ready to Invest, learn, and help!

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

Hi Jonathan! Welcome to the forum! Hope you find a awesome property soon. Would love to connect.

Post: Another House Hack

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

Love the deal breakdown! I am curious how is it managing the tenants and living there?

Post: Hello from California!

Sophia BuesingPosted
  • Lender
  • Denver
  • Posts 127
  • Votes 26

Hi Komal! Welcome to the forum! That is awesome! Great age to start investing.