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.
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.
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.
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?
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.
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.
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!
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.
Jared Khan
Best Down Payment Source
13 November 2024 | 17 replies
For example if you are planning a house hack using a conventional conforming loan then your down payment will need to be "seasoned" and sitting in an account for some months.The origins need to be traceable for 2 reasons.
Theresa Rivard
Dscr loan Co-signer
13 November 2024 | 34 replies
Most lenders will want to see the original operating agreement if it's an older entity to prevent the borrower from adding someone on the operating agreement to qualify for the loan.