Stone Teran
Looking for sub-4.5% mortgage on multifamily
29 April 2018 | 2 replies
The building is in great shape, occupancy is always 100% with no turnover, my credit is good, my cash reserves are good and the financials for the building last year are good.
Nico Roe
All Cash Buy with Line of Credit from Investment Portfolio
29 April 2018 | 0 replies
Hi Everyone,I am getting astronomical cash on cash return rates and they can't be right. If I am utilizing a LOC against an investment portfolio @ 4.25% Interest with no term, and financing the entire deal, would my C...
Joshua Davies
LLC Lending Question
7 May 2018 | 6 replies
Below is from Fannie Mae:“If the borrower is personally obligated on the mortgage debt (as evidenced by inclusion of the related mortgage(s) on the credit report) and gross rents and related expenses are reported through a partnership or S corporation, the business tax returns may be used to offset the property’s PITIA”.If anyone has any knowledge of this or experience in doing this please share!
Steven Harrington
Crack Roof Beam Found during Inspection
29 April 2018 | 2 replies
Ask them to fix it or get a credit for 500 and fix it for 35 dollars.
Account Closed
Bad credit & need 10K max to get inherited property ready to rent
2 May 2018 | 7 replies
And my credit is terrible due to some bad times where I had lost my job suddenly, so right now I'm in credit rehab mode (or at least not making it worse since I have a new job and things are back on track).Mortgage balance is about 130K.
Etan Ofrane
Can't get equity out of my investment property.
5 June 2018 | 14 replies
I paid cash with money from a 1031 exchange as well as a home equity line of credit from my primary residence.
Eric Fernando
Sewer scope inspection- Bank owned REO
30 April 2018 | 4 replies
This is the sort of thing that you could get a credit from a bank for if there is a problem.
Anwar Abdul-Hadi
Looking for tips in syndication deals
1 May 2018 | 14 replies
Setup time to speak to a few of them to learn more about their model and get a feel for how they answer your questions, how they treat you during the call.Be prepared to share your net worth, income, and investment history with them if you want move forward.For the ones you like (after speaking with them), maybe have them send you example investor communications on prior deals so you can see how they communicate to keep investors informed.Once you've narrowed it down you'll want to further evaluate the sponsor Track record, references, etc.Have them present a past deal in detail to try to understand their assumptions, are they conservative, etc.You can use the BP Tenant Screening tool to get criminal and credit history.
Mark Ronquillo
Should I buy my first residence or rental property?
30 April 2018 | 6 replies
Credit unions I've found to be easier for primary and HELOC lending for whatever reason.
Suzy LeBoeuf
FortuneBuilders three-day experience from 4-27 to 4-29-2018
9 May 2018 | 13 replies
The ones that are good deals they might buy it from the student directly or partner with them.I am talking about the industry in general and not about a particular company.If people go to these events leave the credit cards at home.