Ryans Life Part 2-How To Buy Using Local Banks!

[mike19621000]

HEY RYAN; what would u do in a situation like mind; no money, no job or income and you wanted to buy a house what would be the first thing u would do? please reply soon !!!!!!!!!!!

[jtsnead17]

how do you put the property under contract? what contract do you use?

[eb4383]

Doing great bro. I'm rehabbing &renting out using hard money/my own cash, but maybe I'll try a local bank now. Once the rehab's done & rented, I want to pull as much equity back out as I can & repeat the process to build my rental portfolio quickly. Everyone's talking about seasoning requirements. Seems like a HELOC solves that problem. What LTV will the banks lend up to? I'm in my properties for 70% ARV or less, including purchase,holding & rehab costs. You're a straight shooter. Thanks again!

[eb4383]

Hey Ryan - How long do you have to wait to borrow the equity from your rehabs? What method do you use? Do you refi the construction loan or pull a HELOC? Thanks & keep the videos coming!

[ryandehler]

hey how are you?? It all depends..we use local banks. they actually work with you and want to lend you money. Its not as cookie cutter as you think. they lend their money and we use "in house" money so they make the decisions right there when i go in and sit down with them. As soon as the rehab is done you can pull a HELOC!

-RYan

[tunaboi11]

actually fair play this is alryte

[LeeInvestments]

Great info Ryan...keep it coming!