Ben Stavrowsky
Developing two units as STR's
16 January 2025 | 2 replies
The two existing LTR units (on my family’s property) were built 5–8 years ago at a cost of about $80,000 per unit, so I’m estimating a 20% increase in costs for the new builds.My plan is to use the equity in the land as the down payment for the construction loan, which I expect will make closing costs the primary upfront expense.
Anne Christensen
Loan Information Needed on Out of State Investing
17 December 2024 | 9 replies
If the lender is licensed in the state you're buying in, then they can do the loan.
Jacob Hrip
Best financing options for a first time investor?
9 January 2025 | 9 replies
yes, you could use the HELOC as a down payment on a hard money loan, and then the hard money loan for the rest.
Shayan Sameer
Questions About Purchasing a Duplex as a rental
17 January 2025 | 11 replies
At first blush it looks like you're finance at $500k, so getting a loan for $375k.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
You can get a normal owner occupied home loan to do this.
Desiree Board
Advice for a new long term rental investor
3 February 2025 | 27 replies
If my spouse wasn’t opposed to moving I would try to buy a new house hack every 12-15 months and use low down payment owner occupied loans for as long as it made sense.
Huong Luu
Keep or Sell?
18 January 2025 | 1 reply
Bonus - the interest on the loan is tax deductible!
Arina Alexiuc
Small multi 2-4 units vs 5-20 units?
19 January 2025 | 2 replies
., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.
Chris Hains
Need A House Flipping Spreadsheet
28 January 2025 | 12 replies
The expense tracker, reports and rental sheets (useful if you are planning to do the BRRRR method and need to calculate 2 different sets of loans).I used to have my own custom spreadsheets that I built but this one does everything mine did plus much more.
Kenny Bao
Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
I would suggest reaching out to owners of multi family who have no loan on the property.