All Forum Posts by: Vivienne Affat

Hi -

Hoping to get some advice and/or connect with a potential lender for my scenario.

Currently I own a 37 Acre lot with 1 Duplex and 1 SFH. Total rent between the three is $3200/month.

I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.

I also have a HELOC on that property at $180K~ with a 9.75% rate.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.


I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent. It is on a 13 acre parcel that I own free and clear. 

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.

Anyone have any advice on how best to pursue this? I have not received favorable terms from the local bank I worked with on the original loans, and they are unwilling to work with the RV Park whatsoever.

Hey everyone! I am looking for a private money lender that can fund on a 6 unit property in the Bay county area for around $400K with great monthly cash flow. I have already been preapproved through various DSCR/Commercial lenders however they are all requiring 25%-30% for the down payment. I have the capital available for that size of a down payment but I really don't want to tie up that much cash into one property. I am wondering if there are any lenders on here that are able to fund the entirety of the loan with at least a 10%-20% down payment and/or a private money lender that can help fund the 25%-30% down payment with one of the lenders I have already been preapproved with. I also have another investment property located in Enterprise, Alabama that has about $150K of equity currently in it. However, after running some numbers on a cash out refinance, the current rates would nearly obliterate the $800/m I'm gaining in cash flow on that property as it currently has a 2.25% interest rate. Does anyone have any creative financing advice that we could get this deal done without needing as much upfront cash? Seller is absolutely not willing to do seller financing of any kind as she is sick and needs the cash now. Thank you to everyone who responds!

Hi,

I am an out of state investor, currently rehabbing a property which I plan to rent out and refinance in a few months. 

From what I was reading about refinancing requirements - seems like some of them require the property to be managed by a management company. 

Can I self manage this property and still get a refinance? (I have boots on the ground in case needed)

Thanks  

✔️Today I close in my second multi family building.

6 units 2/1.

Plan is rehab it rent it and refinance it to pay back private money lender.

Why I have private lenders loans

Because I join groups and pay membership to be around people that are doing what I’m doing and more.

Because I am not shy in telling people what I do and what I’m looking for.

Because I know what I’m doing and talk to people with knowledge and proof of what I done.

Because when someone tell me no I don’t get offend it or insult. I just keep looking for the YES 😁.

Because I don’t care what other people think of me or what I’m doing.

Because last month I paid $2500.00 for a 6 week training and already have 92k in loans funded and 109k in the pipeline.

Because I know if I don’t tell people what I’m doing and what I done they won’t know about me.

Because I’m not afraid of work hard without crying or complaining.

Because I’m 57 and I don’t want to waste more time of what I already wasted with the wrong actitud.

Private lender lend me 215k for purchase 100k to rehab.

Hi everyone,

I am a newbie in the real estate investment world. I am here to learn about Memphis fix and flip market. I would love to learn from experienced ones who know the market and strategies. I also won't mind collaborating with someone for the main time. Thank you 

Saheed 

Welcome to REI World! The Memphis fix-and-flip market has a lot of potential, and connecting with experienced investors is a smart move. I'd recommend joining local meetups or online forums to network. If you're open to collaboration, that could be a fantastic way to gain hands-on experience. Best of luck on your journey! Let's connect too, I might be able to help you in your future real estate ventures.

Hello,

My name is Leo. 

Does anyone know lenders or mortgage company providing a DSCR loan in Illinois?

I'm buying a small condo at $160k-$180k with 20% down.

Leo

Good morning

If I have  250 K capital , can I make 120 K a year from flipping?

Thanks in Advance

I purchased a home on the MLS less than 90 days ago and renovated the home. The project got finished quicker than we anticipated. Should I list it on the MLS now or wait the 90 days?

Ready to purchase. Need Private or Hard lender soon. Thanks.