I posted this case study on my Facebook page last week. These loans are key to my portfolio growth. We’ve recently made the following changes to our program:
- New maximum LTV is 80%
- Interest rates for larger loans have been reduced
- We now allow short term rental (AirBnB) and vacation rental (VRBO) cash flow streams
75% LTV 3.95% 30 yr Fixed Rate Loan in the company name Property Cashflow (NOT personal income) qualifies Not on my credit report No loan limits
The best thing about this house is I now have nothing in the deal. Here ya go:
Bought in 2018 for $140,000 on the MLS
Spent $30k fixing it up
Refinanced in 2018 for $120k (leased for $1,95/mo and appraised at $184,500 at closing) (3% in closing costs)
Net cashflow in three years was $-13,266.84 (Originally I had $50k out of pocket)
Just deposited $43,971.45 after refinance (Paid 5% in closing costs to buy down rate)
Cash position is now +$30,704.61 (return infinite)
Now rents for $1,625 and just appraised for $232,000
Deprecation is still running 
Appreciation is still running
We have responsible leverage (including taxes, and insurance) that is covered by the rent by 125%.
If you have any financing needs, Apply online in 5 minutes without a credit pull!
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