All Forum Posts by: Zach Edelman
Zach Edelman has started 19 posts and replied 1227 times.
Post: Vrbo latest commercial with Nick Saben
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
Love it. Dude's a legend!
Post: Short-Term Rental Loans: What Are the Options ?
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
There are definitely DSCR lenders that can execute at 20% down as well. Especially if they can use AirDNA and do so at 80% LTV, cash-flow should likely check out.
Post: Which one would be better DSCR Loan or Second home/Vacation home loan ?
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
DSCR loan is qualified primarily on the cashflow of the asset. For an STR, the lender, assuming they are STR friendly, would likely use AirDNA projections, historicals from the seller (if they exist), or an STR 1007 market rent schedule to qualify the rents. They are purely for investment purpose and will require you to sign a non-owner occupancy affidavit at closing stating you don't plan to occupy the property for more than 14 days out of the year.
A second home loan is as it sounds, a loan for a property that you will use as a second home, and live in. Rules for this loan product require that the property is rented no ore than 180 days per year or generally half the time. This loan will be qualified on DTI/Tax Returns.
Post: HELOC for STR's - Investment Properties and 2nd homes -
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
Any reason why the preference of HELOC vs. Cash-Out Refinance? I assume it's because whatever property you are wanting to leverage with the HELOC has a lien on it with a great rate but curious/want to confirm.
Post: Equity Options for Property in an LLC
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
You can definitely do a DSCR loan and vest both the loan and title in an LLC simultaneously with the refinance.
Post: What rates are you guys on DSCR loans
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
Definitely noticing rate drops. Rates in the high's to mid 7's. Depends on LTV, FICO, DSCR, and prepayment penalty, however.
Post: Best New Hampshire Investment Property Loans (Hard Money-DSCR) - Easy Street Capital!
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
Quote from @Steve Eason:
Quote from @Robin Simon:
Easy Street Capital is proud to be a leading private lender for the Granite State! We offer industry leading Hard Money and DSCR Loans for every type of New Hampshire Real Estate Investor. Easy Street Capital is the investment property loan provider for real estate investors of all experience levels and specialties, including popular strategies such as Short Term Rentals, Fixing and Flipping and the BRRRR Method! Our New Hampshire DSCR Loans are perfect rental loans for the long-term real estate investor looking for cash flow. Our New Hampshire Hard Money Loans are ideal for renovators looking to add value through rehabs or ground-up construction!
Check out the rest of this New Hampshire Investment Property Loans page for all the information you need on our loan programs. Check out recently funded rental loans, information on all of our loan programs, FAQs, market analysis and more!
Real Estate investors looking for cash flow and appreciation are narrowing in on New Hampshire to build rental portfolios. The Granite State is a current favorite of real estate investors due to many factors including a strong and stable economy, a growing and highly education population with a healthy demand for housing! Easy Street Capital is proud to be a leading provider of investment property loans for real estate investors looking to build investment portfolios in New Hampshire!
Investment Property Loan Types
When it comes to real estate investing in New Hampshire, there are many markets and types of investment property loans to choose from. New Hampshire has a lot of older properties with great bones, but in need of renovators to restore them to their former glory. For investors adept at rehabbing older properties, hard money renovation loans are a perfect choice! These loans allow you to buy a property quickly and finance your rehab costs as well! Once you are done, you can either “flip” the property for a quick profit or pursue the BRRRR Strategy by renting it out and then refinancing into a long-term, low-rate DSCR loan!
Long-term DSCR Loans are also great for investing in turnkey rental properties. Turnkey refers to properties that are rent-ready and require no renovations. Move-in ready single-family homes and fully furnished short term or medium-term rentals are great for cash flow and price appreciation. Most DSCR Loans are fixed rates for thirty years, locking you into a fixed interest rate for the long-term. While, if historical patterns continue, rents and appreciation increase steadily each year. Bottom line, debt costs stay the same while cash flow increases!
New Hampshire: Landlord-Friendly State
New Hampshire is a very landlord friendly state. Owners of rental properties, such as typical DSCR Loan borrower, are secure investing in the state. Unlike some other states, New Hampshire does not have any form of rent control. This means rental property owners are free to set rents at whatever level the market will bear. This can be an advantage for landlords who are looking to maximize their profits. In addition, if a tenant fails to pay rent or violates the terms of their lease, New Hampshire landlords can begin the eviction process relatively quickly. For example, landlords can serve a tenant with a “7-day notice to quit” if they fail to pay rent. After just one weeks, the landlord can file a complaint for eviction in court.
Where To Invest In Real Estate In New Hampshire
New Hampshire is a favorite market for real estate investors because of its diverse options. There are lots of varying markets that offer great potential for each type of real estate investor. Manchester is the state’s largest city and capital. Concord, located approximately 18 miles north of Manchester, is the third largest city in the state as well as the capital. It is also a growing market with affordable options for investors. Hanover is home to the Ivy League university, Dartmouth College. Durham has a sizable population and is home to the University of New Hampshire. Conway is a historic quaint town with both a strong permanent population of long-term renters and demand drivers for short term rentals.
Read The Full Article Here!
Are you a Property Manager, Full-Scale Mortgage Broker (including Conventional, Non-QM) in New Hampshire? We are looking for trusted professionals in New Hampshire to refer our investor borrowers too! Comment or DM me to discuss, and we can potentially feature you on our website!
Hello, would like to know what areas you lend in? I have a rehab i the Antrim area and currently looking for funding.
Post: Investor to build a relationship with HML!
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
Gerry - BP should have a list of recommended lenders for HML. From there you can find who's friendliest towards newbies!
Post: What are your top 3 up and coming markets for Short Term Rentals?
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
1. Tampa
2. Broken Bow
3. Whitefish, MT
Post: Does this type of mortgage product exist?
- Lender
- Austin, TX
- Posts 1,263
- Votes 1,284
You should be able to receive a delayed financing offering from a hard money lender on this. Since you acquired it so recently from when you will close on the loan (in your case 1 day), certain HML lenders will treat this as a purchase rather than a refinance which offers better terms, more leverage, etc.