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All Forum Posts by: Tanya S.

Tanya S. has started 2 posts and replied 115 times.

Post: Good Questions to Ask Community Bank RE: Loans 4, 5, 6 and Beyond..?

Tanya S.Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 121
  • Votes 46

I'm taking a page out of Arthur Garcia's book (awesome podcast Arthur - thank you!) and making the rounds of the community banks to find out more about overlays and underwriting rules for loan #4, 5, and beyond.

For my last few properties, I chased low interest rates and closing fees and basically worked with whoever would give me the best deal. From everything I've read on BP, seems like once you get to 4 and then 5, there seems to be a much narrower pool of banks and the lending restrictions get tighter and tighter.

For our multi-property owning friends on BP, what are some questions I should ask in my meetings with loan officers in regards to obtaining financing after loan 4? As I've been finding, seems like some of the more important questions to ask are oftentimes the ones you didn't even know to ask!

For the record, I'm doing conventional investment property financing, 30 yr fixed. Thanks!

Post: New Member from Washington DC

Tanya S.Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 121
  • Votes 46

Leonid Sapronov It's true there are many REI groups in the DC area. I can't speak to the usefulness of any of these groups, as I haven't been to any yet (been living overseas for some time). However, from a simple web search, it seems that many of these groups require a membership fee or want to upsell guru type products or seminars. I would much prefer to network and learn from other BP members in a more casual setting without any pressure to purchase something. I don't think we necessarily need some kind of objective in order to network and learn from others.

Ophelia, would love to hear about your experiences in PG! I am currently under contract for my first purchase in PG and see a lot of potential there. Hope to see you at the meetup.

Post: New Husband & Wife Investors - DC/Baltimore area

Tanya S.Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 121
  • Votes 46

Welcome Ezinwanne! A few of us in DC with various levels of investing experience are getting together in Columbia Heights this month.

Fellow BPer Jason Cohen created this meetup group to get us started: http://www.meetup.com/DC-MD-VA-Real-Estate-Investing-Meetup-Group/

Hope to see you there!

Post: New Member - Corporate/Furnished rentals in DC

Tanya S.Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 121
  • Votes 46

Welcome to BP, Tim, from one of your corporate tenants ;) Hubbie, dog, and I are at your Vernon St rental for the next few months, since we have tenants in our own properties.

BP is an amazing resource - probably the best investing forum on the internet. Glad you can join us.

Post: New Member from Washington DC

Tanya S.Posted
  • Rental Property Investor
  • Arlington, VA
  • Posts 121
  • Votes 46

Hi neighbors!

Long-time lurker, first time poster. Sounds like the makings of a great group. Kudos to BiggerPockets for providing the forum to make connections like these possible. And thanks to Will & Jason for setting this up.

Unless we're buried under several feet of snow, I'll be at the meetup on the 20th. I'm in Adams Morgan, but own 2 rentals in Arlington. Currently under contract for a 3rd in PG County.

Cheryl C - have been reading your posts for ages and would love to meet you!