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15 January 2025 | 2 replies
As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals.
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20 January 2025 | 3 replies
We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.
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20 January 2025 | 37 replies
Quote from @Jed Butikofer: Quote from @Jonathan Greene:If you aren't house hacking, multifamily deals should be profitable (maybe not in CA).When I review markets I have lived in, I see 2 bed duplexes for $500k-$700k while only generating $1,400 each in monthly rent.
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13 January 2025 | 4 replies
The current lender refuses to do a loan assumption.
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15 January 2025 | 15 replies
The loan is listed on the HUD and they provide lender's title insurance.
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14 January 2025 | 18 replies
Here is a list of lenders offering such financing: https://www.biggerpockets.com/member-blogs/2810/50272-list-o...
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11 January 2025 | 3 replies
is so what lender did you use that provide non recourse loan?
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13 January 2025 | 3 replies
It can help keep things straight, and it would look more legitimate to lenders, buyers, investors etc.
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14 January 2025 | 1 reply
In the meantime I would touch base with lenders and get the financing squared away.
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26 January 2025 | 21 replies
If you haven’t already, try escalating the case and requesting a senior representative to review it.