All Forum Posts by: Scott Wolf
Scott Wolf has started 43 posts and replied 1797 times.
Post: prospective tenant would like to make 2 pages of changes to the lease
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
F*ck and no.
Post: How Investors Are Getting Their First Fix & Flip Financed
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Brandon Lee:
I’ve been seeing a lot of first-time investors struggling to secure financing for their first fix & flip. Traditional banks are tough to work with, but there are other options that can help cover purchase + rehab costs. Curious for those who started with flips, how did you fund your very first project?
Post: How to Limit Credit Score Impact in Frequent BRRRR Deals?
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Devvrat Kumar:
For investors doing multiple BRRRR deals each year—how are you handling the impact of multiple hard credit pulls from lenders during cash-out refis?
Do you have strategies to minimize the effect on your credit score while still keeping up with frequent refinances?
We do soft credit pulls only. Happy to discuss how we can be of assistance.
Post: Brokers, be careful with Kiavi. They will contact your borrowers.
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Erik Estrada:
Quote from @Devin Peterson:
Quote from @Erik Estrada:
I normally don't like to call out lenders, but this one was insane and I hope it does not happen to any other brokers out there.
I submitted a loan to Kiavi a few months ago and it did not work out since the property did not appraise and the appraiser did not consider any revision request. I spent a lot of time structuring this deal, getting revision requests, and it was pretty much close to loan docs. The borrower didn't move forward because the rate increased due to the lower DSCR, and the borrower was receiving less cash out.This property was part of a larger portfolio that my client was considering refinancing, but wanted to test the waters with 1 property first. Through my diligent follow-ups the my client came back around and wanted to start the process again on the entire portfolio since we have gotten quite a few rate drops. This time around I did not take it to Kiavi since I did not like how they handled the revisions and did not want to provide any exceptions on pricing. So, I quoted my client with a different lender. Albeit the rate was a bit higher since the client's DSCR was very tight on a portfolio to begin with. I sent over the terms to my client and he said he would get back to me.
I gave it a few days as my client said he was busy traveling and was examining another quote from a different lender. Naturally I didn't think anything of it since it is the nature of the business. He goes silent until I followed-up and he said he got a quote from Kiavi at a much lower rate and lower fee.
I contacted Kiavi about it, since I never gave the client their contact and consent to contact my clients directly, and the account executive said, that since the borrower did not close with Kiavi on the previous loan I submitted to them, they basically have all rights to solicit your borrower's directly, and not pay you any referral fee or nor give you any heads up.
Imagine spending several hours, structuring a loan for your client that makes sense, all for the lender to go around you, use the information you gave them, and not give you any credit or even touch-base with you and say "hey by the way, your client contacted us directly".
I sent Kiavi several loans over these last few years, and I can't believe they will do something so dishonest to their broker partners. Be very careful sending anything to Kiavi.
So sad - Kiavi is a premier lender for brokers their system is amongst the best but this is a massive red flag and a terrible way to destroy strong broker relationships. Did your AE attempt to even have your back? Or were they more or less saying sucks for you sorry not sorry ?
Yea their system is solid! Nope he did not care one bit and I have sent him at least 20 loans this year easily and have referred other broker partner to him. Seems like once you send them a client, get all their info and even start the process with them, they will poach your clients with emails and marketing calls.
That's no way to do business. I echo @Chris Seveney, give me a shot, we'll never go around you.
Post: Looking for a lender that does delayed financing at 80% LTV, on $2.1 Million
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Josh H.:
Hello,
We are purchasing a home cash with a partner, we are looking for a lender that does delayed financing at 80% LTV, on $2.1 Million DSCR loan amount, with low seasoning requirements. The house is around 5,000 square feet in Sedona, Arizona. Please let me know if anyone has any lenders with this loan product that they can refer.
Thanks,
Josh
Depending on the time frame, we can potentially get this done. Feel free to drop me a line.
Post: Is there a place here to post a property for sale by owner
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Danielle Shupe:
Hello,
I have a lakefront large home in Seminole florida that would be an amazing Airbnb. Is there a forum on this site where I can post?
thank you!!
In the forums, on drop down box where it says "Post To" scroll down to classifieds.
https://www.biggerpockets.com/topics/new
Post: 5 Things Lenders Look For Before Funding Your Real Estate Deal
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Ken M.:
Quote from @Gary Jurney:
Want to get your deal funded FAST? Make sure you’re ready with:
1️⃣ Clear deal summary (what, where, how much)
2️⃣ Purchase contract or proof of control
3️⃣ Renovation budget (if needed)
4️⃣ Exit strategy (flip, BRRRR, etc.)
5️⃣ Your experience or team info
I work with both beginners and seasoned investors — but being prepared shows you're serious.
💬 Drop a 🔥 if you want a free deal checklist — I’ll DM it to you!
☎️Contact us: 214-466-2913
🔗Facebook Page: https://www.facebook.com/TrinityCapitalPartnersLLC
🌐Website: https://www.trinitycp.com/
#TrinityCapitalPartnersLLC #HardMoneyLending #PrivateMoneyLending #RealEstateSuccess #RealEstate #InvestInYou #FundingYourFuture
When I was a lender, we always looked at ability to repay, too.
Yes, liquidity is very important.
Post: Textbook BRRRR at 7.8% DSCR
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @John Powell:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $20,000
BRRRR simple rental needed cosmetic work and was able to pull 100% of my capital back out via DSCR while leaving 25% equity in the deal.
What made you interested in investing in this type of deal?
location, this property is located in the most desirable city in the county and total project cost was 1/2 of the surrounding homes.
How did you find this deal and how did you negotiate it?
Found Via facebook marketplace
How did you finance this deal?
private lender and personal capital
How did you add value to the deal?
home needed new roof and causemetics as well as it was technically land locked when we bought it. We were able to work with a neighbor to get a legal easement
What was the outcome?
great little rental with good equity
Lessons learned? Challenges?
This was a routine Brrrr but the added easement negotiation was new challenge talking the the neighbors matters
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the Real Estate agent on the deal.
Congrats John! The DSCR rate you mentioned seems a bit high if you got it recently.
Post: Looking to Build a Florida Investment Portfolio – Seeking Connections & Opportunities
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Bradley Singer:
Hi BiggerPockets community,
My name is Bradley, and I’m focused on building out a real estate investment portfolio here in Florida. I currently own property and am actively looking for opportunities to expand into both short-term and long-term rentals, with an emphasis on properties that can cash flow today and appreciate over time.
My strategy is centered on:
-
Leveraging equity and creative financing to scale acquisitions
-
Targeting value-add and high-equity opportunities in growing Florida markets
-
Building relationships with local agents, wholesalers, contractors, and fellow investors
I’m here to learn from the community, share insights along the way, and hopefully connect with others doing similar deals. If you’re working in the Florida market — or have advice on scaling responsibly — I’d love to hear from you.
Looking forward to connecting and contributing!
— Bradley
Welcome Bradley. Happy to discuss the financing side of things.
Post: New Investor in San Antonio
- Lender
- Boca Raton, FL
- Posts 1,917
- Votes 932
Quote from @Ronnie Wilhite:
Good Morning! My wife and I are excited to be jumping into the investing scene starting here in San Antonio. We currently have a LTR that was a new construction home on the far west side of town. Somewhere around April we will have enough saved to jump into our next deal.
We are looking to get in touch with local groups and start building a team. We would like to jump in to fix and flips due to my experience in the construction field. The goal is to pay down principle with flips and then snowball into the next LTR. I like the idea of new construction for our primary LTR due to the current concessions but we are open to other deal types as well.
Congrats on having one already bring cash flow, and looking for more! Happy to chat about the financing side of things.