All Forum Posts by: Vee Vu

Hi @Brian Garrett . I didn't know about the commercial loan option. I thought I need to have a commercial property to get a commercial loan. I will do more research on this. Thank you!

Thanks @Kyle J. Yes I know about the hard money lenders, but like you said, their money is too expensive for rentals. 

I'm trying to find a job now, so it will help a lot to get cheap mortgages through traditional banks. But to be qualified, I need to have 2 years W-2. And I don't want to wait for that long.

Hi @Ian Barnes . Thank you so much for all the recommendations. I would love to keep in touch with you, please accept my college request.

Thanks @JJ Bliss . For me, I'm not an experienced investor yet. Do you know if it's easier to get refinance if the title in under my name or an LLC?

Thanks@Jim Goebel . Do you know if the seasoning period will be shorter or longer for an owner-occupied rental?

And I definitely try to figure this out before making the first step.   

Hi everyone. I'm planning to buy rental properties in Baltimore, MD and nearby areas. And I really concern about the refinancing, because my capital is limited. I have a few questions:

1) How soon can I refinance after renting out the property?

2) Will any lenders/ banks let me refinance based on only the rental income of the house? (I don't have a job now). I really appreciate if I can receive some referrals to those lenders/banks.

3) How to add more value to a property which is bought at the market value? Are there any ways to make sure the appraisal for the refinancing will come at a higher value than the purchase price?

Thank you!

Hi everyone. I'm planning to buy rental properties in Baltimore, MD and nearby areas. And I really concern about the refinancing, because my capital is limited. I have a few questions:

1) How soon can I refinance after renting out the property? 

2) Will any lenders/ banks let me refinance based on only the rental income of the house? (I don't have a job now). I really appreciate if I can receive some referrals to those lenders/banks. 

3) How to add more value to a property which is bought at the market value? Are there any ways to make sure the appraisal for the refinancing will come at a higher value than the purchase price?

Thank you!

Hi @Ola Dantis , I just visited the 2 cities. Both have their own pros and cons. For my own lifestyle, I prefer Baltimore because it's a big city where I can find anything I want, and it's not too crowded. Like you said, the city also has many future potential projects and big employers. However, its population is decreasing which makes me concern. But if I look outside the city, there are many counties are gaining people.

With my own research, I feel like the housing is more affordable inside of the city. I think I need to talk more to investors, and realtors who understand the market than me. Thank you, @Conor Reilly

Just like @Brendan Markle mentioned, both are cities of neighborhoods. But Philadelphia population is still growing, even with a slower growth rate. Do you guys think both cities have room for appreciation? What are main factors for appreciation? I think population growth is a very important factor. 

Thanks @Jake Haley  for the info. I will do more research about southern Baltimore city.

Thanks @Mary B. , I will take a look Pittsburgh, Pa.