All Forum Posts by: Tara Miles
Tara Miles has started 1 posts and replied 3 times.
Post: should i use hard money to grow quicker
- Posts 3
- Votes 1
Quote from @David Jesperson:
Quote from @Sabian Ripplinger:
i want to possibly use hard money this year to grow quicker and can you use them for new builds who should i use and any tips? ( im in Wisconsin )
Hi Sabian,
I'm located in Wisconsin as well. Good Faith Funding is a popular hard money lender in my area (Green Bay) that lends statewide. I'm unsure if they lend on new builds or not, they do have a website where you can set a virtual meeting with them.
I second Good Faith Funding, we have worked with them on a property that was supposed to be a quick flip (didn't turn out to be so quick) but Tony and Jaris have been absolutely amazing to work with, and have even introduced us to some other great folks at local title companies, etc. Highest recommendation.
Post: Conventional Cash out Refi for MFRs??
- Posts 3
- Votes 1
Under 12 months (3 since August and 2 since November) so the conventional route won’t work. I’m open to DCSR if it makes sense but have been told I won’t find one that doesn’t have a PPP. The total fees we were quoted from one lender initially were $50k on a $6ook DCSR between origination, closing/admin and title, seems excessive?
Post: Conventional Cash out Refi for MFRs??
- Posts 3
- Votes 1
We have 5 Duplexes that we're looking to cash out refi. Have some quotes going the DSCR route however fees and rates seem on the higher end, we have 790 credit score, good W2 jobs so documentation is not a problem and we don't have an issue putting them in our personal names, but have had the MFRs for less than a year and operate out of MD. Is there any conventional residential loan options anyone is aware of that would allow cash out refi with less than 12 mths seasoning? Appreciate any information!