How to Get Construction Financing without Any Experience Hey Beau! I’ve been watching your show for some time now. I have 10 flips under my belt. I want to pivot and start doing ground-up construction projects. My bank turned me down due to lack of experience with new construction. Any tips on getting my loan …
How to Finance Investment Real Estate Without Income Documents I just finished a remodel of a single-family home. I approached a lender to provide a refinance and they require 12 months of seasoning before they allow for the use of “new appraised value”. Also, they quoted me 8.25% with a 5-year pre-pay penalty. This property …
SBA loans, SBA 504, SBA 7a, commercial real estate, small business administration, sba loans for startups, sba, sba loan process, small business owner, sba loan, sba loan requirements, small business funding, business funding, small business loans, sba loans explained, small business, sba startup loans How Do I Get Pre-Approved to Buy a Self-Storage Facility using …
I am trying to get pre-approved to buy a multifamily property. I am wondering how to get some sort of pre-qualification letter. I can’t get a straight answer from my bank. I would love to hear your feedback on this. Regards, Vince Timestamps [00:32] What do you need to do to get pre-qualified for multifamily? …
I am self-employed. I have great credit but I am having trouble qualifying to buy an investment property because I run a lot of expenses through my business. What options do I have? Ruth Timestamps [00:20] Reasons why DSCR loans is best for self-employed [00:28] No need for tax returns and proof of income [00:32] …
Why would I want to finance with a DSCR vs going conventional? It seems like the rates are better for conventional financing. Please elaborate on the benefits. Thanks, Thomas Timestamps [00:43] Conventional financing is more inexpensive, get better rate [01:05] The benefits of a DSCR loan [01:13] DSCR loan is not based on your personal …