All Forum Posts by: Zachary Koran

Hey experts! Im looking to BRRR my next investment but want to Airbnb vs Long Term Tenant. Are there lenders that will work with this?

@Mike Klarman Yes we do outside of Chicago proper. In the city it likes the tradition model you mentioned but with 70% ARV

Hey experts! Question - my partner and I are in the process of hunting for deals and vetting lenders. We are hoping to to use 100% funding for project and construction ( interest payments up front is the skin in the game). One lender that we have been talking to will fund the entire loan up to 70% of the ARV. Are there other lenders out there that will fund the entire loan up to 80%? or do we need more money in the deal to get to that number? We are just starting and I know deals can be challenging so just trying to tee ourselves up to win. Thanks!

@Patrick Bavaro thank you! I am on the hunt and would love to connect to hear how you got started etc. 

@Elyse Simpson hi neighbor! Just sent you a message! 

@Account Closed Thank you great info! I am going to vet some hard money lenders to see who they work with on the refi. Also a great reminder regarding the seasoning requirements and portfolio options. Great to connect!

@Account Closed Very helpful and makes complete sense regarding getting pre approved for the refi first. I haven't seen too many banks that do both ( maybe it's conflict of interest) but hypothetically let's say your DTI is already at 40-50% going into a deal it seems like it could be difficult refi out? What's a good strategy then? Credit is good and cash reserves are good.

@Grant Thompson Thank you! This is what I thought. Question - is one flip, currently own one investment property, and a full time broker enough " experience?"