All Forum Posts by: Louisa Davis

 Thank you @Chris Seveney. I will check it out. Ps. I am in northern Virginia, too! Would love to connect.

@Henry Clark Thank you - great insights! Together with my partners we have sufficient balance sheet. Just need to be pointed in the right direction for this market to get started, and to find a bank that will be willing to lend on an asset with high vacancy. The federal lending limit is interesting. I need to learn more about that!

Hello, I'm looking for a commercial lender for a multifamily property in Pennsylvania. The property is half vacant currently, and will need renovation. Loan balance between $1M-$2M. Any recommendations? Thank you!

This duplex is for sale! We are getting ready to lower the price but thought I would post here first. We are open to a discount on price. The lower unit is completely renovated and the upper unit needs some minor repairs. We are selling it vacant, but rents were previously ~$750/mo for the lower unit. Upper unit should be even higher when renovated! Professional PM already in place and they are great to work with.

https://www.zillow.com/homedet...

Thank you everyone. The buy-down programs are on my radar and are probably the best option in our case. I appreciate all the insight!

@Anthony McEvoy, thanks for your answer! To clarify, my goal is to entice investors to buy the duplex. Even though the market value of the duplex went up during the first half of this year, with the rates so high the second half of this year, the house (at the price I want to sell it for) is probably unaffordable for an investor using a 7% rate. 

Since I do have a mortgage on the property, I'm guessing the loan servicer would need to be OK with seller financing. It's a conventional mortgage (I think). Would a lender typically be OK with this?

Hello! I'm looking for some ideas here. I bought a duplex last year when rates were low-low-low. The 30-year fixed interest rate is 3.5%. I have since bought a second, larger property. I'm looking at buying another larger property, again, and I want to sell the first one to use that equity. The problem is that interest rates are basically double what they were last year. Is there any way to creatively structure a deal so that a buyer can benefit from my interest rate? I have already checked and the loan is not assumable. 

THANKS IN ADVANCE!

Is it normal for private lenders to require the loan origination fee be sent as part of loan approval, prior to closing? Or is this a red flag that it is a scam?

I’m a newbie investor in Pittsburgh as well! Happy to connect. 

Hello! I'm about ready to enter the market as a real estate investor. I'm researching markets across the country that have single family homes for about $100,000, and have stable rental demand. Future appreciation would be great, but right now I'm primarily focused on cash flow and low vacancy. Any recommendations? Thank you!