How to Qualify using DSCR Financing without Using Long Term Rental Income HINT: stabilized bridge loan I got turned down for a DSCR loan for a property that I am in contract to purchase in Joshua Tree. The plan is to furnish and rent as a short-term rental. The lender said the DSCR is under …
Financing a Business Acquisition Using an SBA 7a Loan: Auto Body Shops Question: I am looking at exiting my corporate career and found a business owner retiring. He has 3 successful auto body locations throughout Southern California. I was wondering if this might be a good fit for SBA financing. He wants $6mm and he …
Builder Financing Options for Spec Construction Question: I have been building single family homes in Northern California for the past 10 years. I have completed around 40 spec homes over this time period. I funded the last several through a local bank but they will not allow any more financing as I have $4mm of …
No Doc Line of Credit for Investment Properties in California I own a few rentals in the East Bay. I have a ton of equity but don’t want to refinance out of 2.875% loans. Can I get a line of credit? Note DTI type of loan will not work. Thanks Ramon
...Hi Beau, I’m trying to figure out what franchise might be a good option for me. I have about $150k on the sidelines and like the idea of owning some sort of home-based business. I should have pretty low startup costs and the business would have to align with my skill set. I am extremely …
Stabilized Bridge Loan is the Best-Kept Secret in Short-term Rental Financing About 10 months ago I bought a fixer upper and renovated the property using a private money loan. The property is operating as an STR (short-term rental) and doing very well. My loan is coming due, and I can’t qualify for a refinance because …