❓ Can you do 100% funding? ▶️ Yes— in specific states. And KNOW the interest rate will be above 11%. I don’t want to set you up for failure ​ ❓ Can I get a loan to fix and flip a manufactured home? ▶️ Absolutely! ​ ❓ Can I get a loan for a commercial property I have to rehab? ▶️ Possibly. I don’t have the lenders for that though. ​ ❓ Can I get the rehab funding at closing? ▶️ No. Hard Money Loans will have a draw (reimbursement) process— you start the rehab with your own funds and then request the draw from the lender. ​ ❓ I have a loan coming due but I need to do more rehab. Can I get a HML to replace this lender and get more renovation funding? ▶️ Yep! Tell us the situation, let us run the numbers, and if the numbers are flexible then it’s a possibility. ​ What questions do you still have?

❓ Will this fund the land purchase? ▶️ Yes! These loans fund purchase of land + purchase of manufactured home + set up fees ​ ❓ Will this cover tap fees, septic installation? ▶️ Yes! All hard costs can be covered. ​ ❓ What LTV can I get? ▶️ 80-100% on the land purchase. 100% on the home and setup fees. 👍 ​ ❓ Do I get all the funds upfront? ▶️ No. The land and home purchase will be sent directly to the owner & dealer via title. Setup fees are on a draw system (you start the rehab with your funds and request draws/reimbursements). ​ ❓ Is this only for manufactured homes? ▶️ Nope! We can cover modular homes, as well! ​ ❓ How do I qualify? ▶️ Having 1-3 single family or manufactured flips under your belt is a sure way of qualifying. There’s wiggle room there. ​ ❓ Can I have a home on piers? ▶️ Yes! Have it on a permanent foundation and HUD certified and you’re good to go. ​ ❓ I own a manufactured home dealership, does that count as experience? ▶️ Yes it does. At least 1 flip may be required to fully qualify still but it’s better than 3. ​ What questions do you still have?

❓ Can I get 100% funding? ▶️ Yes!! It’s possible if the purchase price+rehab is less than 70% ARV ​ ❓ Does this cover horizontal development or just vertical construction? ▶️ Horizontal development MAY be covered, it’s a possibility ​ ❓ Can I build tiny homes? ▶️ No. Most lenders don’t fund tiny or container homes. ​ ❓ Can I build 4-10 home communities? ▶️ Yes, definitely a possibility if you have ample experience. ​ ❓ How does the draw process work? ▶️ You request draws (reimbursements) for the rehab done whenever you would like. ​ ❓ Do I have to own the land before getting a construction loan? ▶️ Not at all. These loans can fund the purchase of the land. If you do own the lot you may be able to use that equity to pay for closing costs! ​ ❓ I don’t have new construction experience. Do I need a GC in my LLC? ▶️ NOPE! If you have flip experience you can get away with just a contract with a licensed GC ​ What questions do you still have?

❓ If my purchase price is 50% of the value of the house, will the DSCR cover 100%? ▶️ Answer: No. DSCR lenders will take the lesser of the purchase price and value ​ ❓ Can I get 80% LTV on a cash out refinance? ▶️ Yes, depends on the state ​ ❓ Can I use an income approach on a single family or fourplex? ▶️ ​ Answer: No. 1-4 unit properties are residential and appraised using a Sales Income Approach ​ ❓ Can I refinance a manufactured home? ▶️ Yes! You can get up to 75% LTV with the right lenders, too. ​ ❓ I don’t own anything, can I still get a loan? ▶️ Yes! These loans are perfect for new or seasoned investors. ​ ❓ Can I remove the prepayment penalty period? ▶️ Yes, generally. Your interest rate or fees would slightly increase, as a result. ​ ❓ Can you DSCR multifamily? ▶️ Yes! Residential and commercial properties can qualify. ​ ❓ Do I need a 1.2 DSCR to get this loan? ▶️ NOPE! Most lenders will approve a 1.0 DSCR (some, even lower, but don’t buy a property that’s negatively cashflowing) ​ ❓ What states do you not lend in? ▶️ North and South Dakota 😔 ​ ❓ Can I get a DSCR to buy and renovate a property? ▶️ No, DSCR loans do not give you funds to rehab a property. Use a Hard Money Loan. ​ What questions do you still have?

Investors who are new to the world of real estate investing IMMEDIATELY look for passive income. ​ They join real estate communities that teach Creative Finance or the BRRRR strategy- ​ And that’s their mistake. ​ Most new investors spent their last dime to get into these mentorships. ​ There is no money left to ACTUALLY invest in a property. ​ Then people quit their dream of real estate investing altogether. ​ If you want to make money in real estate you focus on the active income first. ​ When I stopped chasing my first subject to deal and started loan brokering I hit my first $10K month. ​ If you made an additional $10,000 a month or even $3,000 how much more likely is it to strive for the passive income, for the portfolio to start building? ​ Let me know in the comments if I’m just a pessimist or if new investors should spend all their money on buying assets before making money.