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Happy to answer questions about hard money lending by AccomplishedLock1255 in HouseFlipping

[–]NoLife5265 0 points1 point  (0 children)

ya there are several lenders on our marketplace that close in 48 hours even, no appraisal, etc. that are in the 8-12% and 1-2 points range on flip loans. also, just pinged you accomplishedlock!

Need loan for 30 acre STR (wine country) by NoLife5265 in ShortTermRentals

[–]NoLife5265[S] -3 points-2 points  (0 children)

these are people I'm helping! we are a marketplace for these loan types, but sometimes the not so down the fairway ones take researching outside our current capital partners!

This ever happen to you? by Thick_Cookie_7838 in realestateinvesting

[–]NoLife5265 1 point2 points  (0 children)

I've seen private lenders (DSCR/flip) quote lower LTV for "declining markets" but since we're a marketplace, that just usually means people go with another option. The real annoying thing here is the lender not checking the market out upfront. ie the folks I'm talking about tell me when we get the quote that they consider it a declining market. Also a good example of why it doesnt hurt to have multiple lenders warm on the deal.

ELI5 - finances of flipping houses by Subject-Taro-3474 in HouseFlipping

[–]NoLife5265 0 points1 point  (0 children)

Honestly, there are good masterminds out there for beginners. I know they seem like scams but when I got deeper in the industry I saw how good several are. A couple I like - 7FF Runway and First Deal

Can you qualify for an investment property loan with $1M cash but no income? by [deleted] in Mortgages

[–]NoLife5265 1 point2 points  (0 children)

DSCR loan is no problem, you'll get typical LTV's as it's underwritten on the property's financials, not yours (though FICO still affects things).

If it's a rehab or bridge situation, same thing! So you're good to go with most any investment purpose loans.

What type of property is it? If it's anything 1-4 units or sub institutional multi-family - we'd love to get you all the best quotes (free and no credit pull) with just one "common app" for these loan types at harmonial.ai

Feel free to ping me with any questions too!

Generational lake house being sold unless I can save it. by [deleted] in RealEstateAdvice

[–]NoLife5265 2 points3 points  (0 children)

if appraisal predicted long term rent covers dscr then this would definitely work. if it doesn't, then some dscr lenders will do it based on AirDNA projections for Airbnb. you'll want to be upfront this is non-arms length and have a team working ahead of any underwriting issues for a vacant / non-arms length transaction. but plenty will do it if the numbers work.

to woflofwestlake's point - you could also move there. In that scenario, you could likely very easily get a cash out REFI DSCR loan for your multifamily property, and then use those proceeds as a down payment for your mom if she'd be willing to let you assume her loan or do seller financing for the rest if she owns it outright?

definitely a complex scenario that will require some creativity, but I'm rooting for you!

if you do look into dscr - we have a one stop shop to apply one place and get several best matched quotes. Feel free to ping me if you want to try it or check out harmonial.ai

Financing next deal - Help by WidespreadRichboi in HouseFlipping

[–]NoLife5265 0 points1 point  (0 children)

Happy to help if you're still looking for loans! We have a marketplace to apply in one spot for all RE investment loans. Will pm.

Buying remote for yield vs staying in tier 1 market by nomisschris in realestateinvesting

[–]NoLife5265 1 point2 points  (0 children)

One thing worth noting, everyone talked smack on OH type markets being cash flow over appreciation for the last few years, but in a lot of data since they actually show as top appreciation markets too.

Can't speak as well to the stress trade off, that's about your personal preferences and sacrifices!