Karen Lin
Help! First time reviewing a Multi-Family deal
24 July 2018 | 4 replies
If the loan amount is large enough it may qualify for Freddie Mac or Fannie Mae agency debt or contact your local\regional bank for loan products.2) Ask the listing broker if they can provide a submarket report from ALN, CoStar, or YardiMatrix.
Andy Mirza
Changes to Definition of Accredited Investors
9 September 2019 | 59 replies
I would imagine they'll want to see some financial docs/bank statements.
Bradley Padula
1st Cash out Refi = Success!!
18 July 2018 | 2 replies
I asked the bank if they could do in-house financing and they said YES, and could do a portfolio loan.
Chris Hosier
What is your "why"?
20 July 2018 | 23 replies
My goal at my current company is to never leave until retirement time(our retirement is different and much better than your normal one) I enjoy what I do, and plan to expand my knowledge to make a difference within.On the flip side, I don’t want to save money just to watch my bank account grow slowly...
Michael J Martinez
Should I sell my current home or get a HELOC
19 July 2018 | 7 replies
@Michael J Martinez I think your smartest bet would be to talk to a couple banks about a HELOC and about a new mortgage.
Nicole A.
Does Ground Rent negatively affect property appraisal
21 July 2018 | 7 replies
Local banks should understand and it shouldn't be an issue.
Westlake John
Buying a house in Brooklyn New York for 200k cash?
19 July 2018 | 3 replies
These properties probably need a large amount of work.Looks like they're buying them from banks too so they could be short sale deals as well.
DJ Riehm
Introduction and Referral Requests
23 August 2018 | 7 replies
When I am seeking lenders that hold their own paper I (1) go to the local REIA and find out who partners and lends privately, but that will take some time building relationships (2) go to smaller more localized banks, not mortgage lenders or brokers as they by definition are selling their loans.I have also found that if you go to banks in smaller markets outside of the metro, where there is only one or two offices that you often deal directly with the bank president and can make some great loans and connections.And I just posted this on another question - but go to local REIA meetings, meetups and the like, talk to people, vendors and build relationships and you will be able to get some great referrals - just like here at BP, only live and face to face - I think there is even a live BP meeting in Waldo this week?
Christy Holt
2nd Home vs Investment Property??
18 July 2018 | 6 replies
I just purchased a condo and I bank financed it as a "second" home.
Jack B.
Having second thoughts about four plex under contract
2 August 2018 | 25 replies
And I don't want to bank on appreciation.