Valerie Bowman
Blanket/Portfolio Loans and buying an 8 unit with a single family next door
20 November 2024 | 13 replies
Since it looks like you are fully occupied and stabilized, you would be able to rate and term these quickly, since bridge loans normally don't have any prepays.
Dj Hume
Ravine Apartments Redevelopment
14 November 2024 | 1 reply
Purchase price: $1,000,000 Ravine ApartmentsWe purchased, Silvertree Apartments in 2022 which was a run down 20% occupied apartment complex that was an eye sore for the city of Silverton (suburb of Cincinnati).
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
@Leroy Kim this is just for the 1st year bc in the 2nd year it will (or should already be occupied).
Grace Gallardo
loan to purchase , improve snd remove mortgage insurance based on projected value?
13 November 2024 | 1 reply
For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae or Freddie Mac.
Olivia Armstrong
Advice on first househack: buy down or refi??
17 November 2024 | 6 replies
Once you have moved out, you no longer will get owner occupied rates!
Vivan Bhalla
Akron Property review and advice needed
19 November 2024 | 3 replies
feature=sharedYes, it's unfortunate you are in this situation, but blaming others for your naive decisions won't change anything.PROPERTY ADVICE: you didn't mention if the tenant is now paying on-time, sporadically or if you're evicting them.Because you still want to sell, let's assume they are not paying on-time.1) Can't sell to an owner-occupant while tenant-occupied.- Owner-occupants will pay the highest price for a property.
Philip Jones
Refi LENDERS in BRRRR
18 November 2024 | 16 replies
Most credit unions do not help with non-owner occupied properties.
Marshall Smith
Loan type for 4 plex purchase and rehab???
13 November 2024 | 13 replies
4-Plex details: -currently occupied-estimated sale price 265k-ARV 400k, and 4k/mth in rentBackground on me: -I have an LLC-I own 4 single family rentals-each has around 70k + in equity-all cash flow well -credit is 800+ with adequate income.
Amanda Skipper
First time out of state investor
23 November 2024 | 38 replies
They only know how to do owner-occupied transactions.Several, but not all, agents here on BP though, SEEM to know what they are doing.If they can't help you analyze ROI or cashflow, and just want you to offer asking prices, then what value do they bring?
Amanda Gauthier
Property Management in Akron
19 November 2024 | 21 replies
I have an occupied rental i am trying to off to fund a renovation if anyone is interested-1072 bellows!