Hey BP community 👋I spent the last several years running acquisitions for a single family rental fund that purchased and owned 10,000+ homes across 20+ U.S. markets, representing more than 2 billion dollars in real estate.

Are you finding that asset-based approvals (funding the deal rather than the credit score) are helping you stay competitive?

Would you happen to know of anyone(s) in the gap funding space that you would recommend ? 

For those actively investing — what’s been your biggest challenge getting deals financed lately?
Is it tighter underwriting, larger down payments, or slower approvals?
I’d love to open up the discussion on what’s wo...

I'm doing a DSCR Refinance and have started the process with them.Is anyone familiar with them?Thank you.

If your return for investing in another property is greater than 8.5%, than it would be beneficial to invest rather than pay off the debt (would want a sufficient cushion above 8.5% to justify the added risk and work of investing in another property vs simply paying off debt). 

They refused to recognize funds in accounts, I then set up a new account specific for this closing, they wanted reserves in accout and rushed me to place full amount to close just two days before they said they would close they then combated saying they didn’t send funds because they couldn’t source and questioned why large amount was deposited, I went out of my way time-outs , they wanted business records for other cash businesses to justify , then refused, provided invoices and records for cash received for rentals over a 4 year period and another cash business, t he refused to accept any of that , even though each all showed more cash receieved than what the deposit was, a banker I know offered advice on how they deal with it with his underwriters, helped make a promissory note and showed, I’m giving cash funds to be invested in the business for the purpose of investment.

Present two strategies with two funding options.

Hey I'm here to help inform people about how the loan process works! Feel free to reach out with any questions I would love to chat with anybody about how the deals get structured, it's my passion !

Balancing maintenance, upgrades, and cash flow can be tricky.
What strategies or financial tools are you using to handle big repairs while keeping your properties profitable?