I've got an investor with a paid-off 9-plex (commercial-zoned), fully rented, ~$5,400/mo gross, 750+ credit, historical rents available. He wants to pull out ~$300K (cash-out refi / DSCR). The snag: he's trying to avoid a full interior appraisal — the building's fully rented so tenant coordination is a headache, plus the ~$2K cost. Two questions: 1. At ~$300K on a commercial-zoned small MF, is a full appraisal always required, or will some lenders accept a desktop / AVM / exterior-only valuation? 2. Anyone have a DSCR or bridge lender that's flexible on valuation for this profile? 3. Appreciate any lender names or pointers. 🙏

Here is what is possible when you bring us a deal. I'm going to start sharing more of our deals that come through our acquisition team members (you!). We are constantly working on dozens of deals in the system and a little vision into them could be beneficial. Do you want these posts❓ Someone connected us with an Echo deal in Houston. They didn't need to fund it, underwrite it, do the TC work, or bring the capital. We handled all of that for them. They made the introduction and walked away with $1,375. 💰 That is the whole acquisition model. You bring us the connection We do the uw'ing, TC work, legal, title and capital We both get paid And this is not a one time thing. We pay referrers on Stack and Echo deals all the time. Every one of them started with someone who knew a deal and sent it our way. 👉 If your connections keeps coming back, you keep getting paid.

Recourse or non-recourse? He guessed wrong and it cost him everything 📣 An investor I know borrowed $400K from a private lender to buy a few rentals, No personal guarantee, just the properties on the line… He felt safe... until a bad year hit and he learned what his loan actually said. More on him in a second. 📌First, the thing every borrower needs to understand :- 🚨There are two kinds of loans, The difference between them decides how much of your life is at risk when a deal goes bad. ➡️ RECOURSE LOAN You stop paying, The lender takes the property, But if the property sells for less than you owe, they can come after YOU for the rest. Your house Your savings Your other rentals Your bank accounts The property is just the starting point, You're on the hook for the gap. This usually shows up as a "personal guarantee." When you sign one, you're not just putting the property on the line, You're putting yourself on the line. ➡️ NON-RECOURSE LOAN You stop paying, The lender takes the property and that's where it ends, They cannot touch your personal stuff, If the property sells short, that loss is THEIRS, not yours. ( lenders still get tax benefits 99% of the time lol ) 😂 You hand over the keys and walk away, Your house and savings stay safe no matter what. So non-recourse wins every time, right? Not so fast.🗿 WHAT MOST PEOPLE GET WRONG🤦‍♀️ A private lender's real safety net isn't your signature. It's the equity in the deal.📌 They lend less than the property is worth, so if things go bad, the property alone covers them, That's why some private lenders say "no personal guarantee needed." … They don't want your house… They just want their money back, and the property usually gives them that. That's why non-recourse is more common in buy-and-hold ( and DSCR loans too ) than people think. 📌THE CATCH NOBODY EXPLAINS🚨 Even a non-recourse loan has rules that cancel your protection:- Lie on the application Hide rent Trash the property. Pull a fake bankruptcy to stall… Strip the place before you hand it back.

I had a conversation with one of our awesome school members yesterday that was too good not to share with the whole community. 🎯 EMD funding is a great on-ramp. Low dollars, low complexity, and it gets you reps with deal submissions, and via CC the underwriting, title, etc. ... the whole rhythm of transactional funding. It can be a good place to build confidence. But here's the full disclosure most people won't give you: EMD deals rarely actually close. 📉 Case in point : we recently funded a $20K EMD on a 75-unit deal. Wired it, sat for 26 days… and it came right back. The EMD was returned and we got a small upfront fee for the ride, but no closing payday. That's not the exception. That's the norm. I'd guess that only about 1 in 20 actually close when buyers are using transactional funding. Use EMD to cut your teeth. 🦷 Just don't build your business on it. Here's where the real money lives --> Morby Method deals. These tend to be larger, structured deals where you're solving a more complex problem for the buyer. This leads to more meaningful fees on deals that actually fund (aka Close). 💪 And here's the beautiful part: when you chase Morby method deals, you don't lose the EMD deals ... they still come your way. Double closes, Echos, and EMDs all show up as side dishes when Morbys are your main course. 🍽️ Plant your flag where the deals close. Everything else follows. What's your experience? 👇 Does it align with this or are their other great paths you can share with the group?

I've contacted about 30-40 people Chatted with around 12 to 15 Most things felt natural mainly because I have down this before as far as outreach is concerned