Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income.
Alex Hileman
DSCR Lenders for Under $100k Purchase
6 January 2025 | 5 replies
Hey Everyone,As many of you know, Pittsburgh is a unique market with a lot of opportunities in neighborhoods where properties can still be purchased for less than $100K.
Jacob Valdez
My First Home Purchase
3 January 2025 | 1 reply
This sounds like a home run and a great first purchase!!
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
I don't think I can ask the seller to evict prior to purchase, although that would be the best scenario.
Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 replies
Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also?
Richard Goore
First multi-family Purchase
30 December 2024 | 1 reply
Purchase price: $225,000 Cash invested: $56,000 Purchased 4-plex from a wholesaler.
Reid Ervin
Partnering with an Investor to Purchase Off-Market Portfolio via Seller Financing
7 January 2025 | 2 replies
I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.
Ryan Rubel
Short-term rental purchase, north county coastal.
4 January 2025 | 5 replies
I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB.
Rene Rindik
Purchasing land with intention of using for RV and Boat storage Beginning Steps
2 January 2025 | 2 replies
I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.
Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
Most of our loans are fully amortized and those that aren't, are 10 year balloons where we'll have more than 50% equity (at the purchase price) upon loan maturity in 2030+.