Marshall Smith
Loan type for 4 plex purchase and rehab???
13 November 2024 | 13 replies
Given your experience and strong financials, you have some solid options:Commercial or Portfolio Loan: These are tailored for investors and can help you avoid personal guarantees, especially since you have an LLC.BRRRR Loan (Buy, Rehab, Rent, Refinance, Repeat): Some lenders offer BRRRR-specific loans with funding for purchase and rehab, allowing you to refinance based on the new ARV once stabilized.HELOC or Cash-Out Refi on Current Rentals: Tap into the equity on your single-family rentals to secure funding for the 4-plex purchase and rehab without high origination fees.Each has pros depending on your cash flow goals and timeline.
David Ricketts
**First Deal: Exploring Mortgage Assumption and Negotiation on a Competitive Property
8 November 2024 | 14 replies
It was originally purchased for around $150K in 2020, with a $50K HELOC added in 2022.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Bidens are a great example as they are about as high profile as it comes, and as of yet nobody has been able to untangle the weave of exactly how all there entities work, what $ comes from where, and that's with arguably hundreds of thousands of people-hours into trying to untangle it to clearly point to where the $ is originating and who it's going to.
Steve Holt
Is BongoStays legit?
12 November 2024 | 47 replies
And back to your earlier post, yeah Bee Setups saw my original post too and asked me several times to take it down in order to receive a partial refund.
Chris Seveney
Why jr. Liens can be problematic when in 1st position
13 November 2024 | 15 replies
I suppose you are referring to origination, right?
Marshall Smith
Complete Rehab and Hold/Rent
7 November 2024 | 1 reply
Stripped to the studs, new electrical, new plumbing, restored original wood floors, and brought a 1946 gem back to its original form!
Dan Ashley
Brooklyn, NY – am I crazy to start here?
9 November 2024 | 23 replies
Originally posted by @Dan Ashley:Hey all,First time home buyer and my dream is to purchase a multi-family, reno and house hack in North Brooklyn.
Joe S.
What to do when a contractor pulls a huge number out of the hat after the fact?
11 November 2024 | 22 replies
My wife sent him the original bid of the other plumber and he has not got back with us yet.
Samantha Martinez
Realtor looking to connect with investors
8 November 2024 | 2 replies
Hi, I’m Samantha, a Realtor originally from Boston and now based in Port St.
Mitchell Coles
Prime Duplex Development Opportunity Near Uptown Charlotte
7 November 2024 | 0 replies
Originally under contract with a wholesaler, I resolved complex development issues, including acquiring and recombining an adjacent parcel, to meet zoning requirements under the city's new UDO laws.