Brian Spink
90% ltv for a 15 unit apartment?
1 July 2018 | 1 reply
I know of some portfolio lenders/small local banks in South Carolina that would agree to this as long as the total debt service (1st and 2nd mortgages) is still above a 1.25.
Derek Tellier
Knoxville Buy & Hold Investors
3 July 2018 | 4 replies
Or perhaps you could get a commercial bank loan and have the seller carry 30%?
Audrey March
Are we stuck without tax return ? What to do next ?
11 January 2022 | 1 reply
My rental business is only a year old therefore it seems I can’t get a bank loan before I get two years of tax return.
Arvin K.
Need advice: FHA 203k loan or get home improvement loan later
2 July 2018 | 1 reply
Decline 203k FHA loan, and get a loan from a bank after closing, renovate units as tenants leave.I have never gone through a 203k process, and am not sure what the best option will be.
Lane Register
Central Florida Newbie V2.0
8 August 2018 | 30 replies
Light rehab only too, as I'm trying not to break the bank.
James Edwards
Duplex Conversion of SFH in Oregon
1 July 2018 | 1 reply
@James Edwards what jurisdiction is this in?
Jason Gott
Partnerships and how to write the terms
2 July 2018 | 9 replies
You would get a EIN/Tax ID for the trust and use that to get a bank account opened for the trust to hold the funds and deploy capital as needed.
Gissella Irazabal
HELOC vs Loan Investor Advise
26 September 2018 | 2 replies
Buy 3 single family homes ( around $40k-$50k each) and then do a HELOC to get 3 more houses and continue with the snow ball effect.Or ask to a investors bank for a bigger loan using those $120k-$150k as down payment to buy rental properties of course.Thank you!
Chad Trail
Appraisal Value - market vs disposition value
2 July 2018 | 8 replies
A bank is going to look at appraised value.
Peter Bui