Peter Petwr
Blanket loan for 9 rentals? Or Private money?
11 January 2020 | 5 replies
I feel like I find a new loan product every day.I'm hoping to leverage the Bigger Pockets community for some advice. :) Thanks and have a wonderful 2020!
Colby Shelhorse
1031 Exchange and Depreciation Recapture
10 January 2020 | 6 replies
You depreciated the property using the 175% declining-balance method.
Cory Linstrum
New Investor from San Jose, CA/Marseille, FR
10 January 2020 | 1 reply
Once in France, I became the head brewer of an up-and-coming craft brewery and spend the next 2 years refining their products and processes, as well as doubling their production.
Christoph Berendes
Owner (K-1 partnership) -occ. refi, depreciation and debt/income
13 January 2020 | 3 replies
So they've declined the loan.The lender - Chase - says this is per federal guidelines.
Omar Gonzalez
The best MF conference to gain some knowledge
29 January 2020 | 22 replies
With several Multifamily conferences and summits on the pipeline for 2020, many of those just to sell a product or get your money, do you know of any of recommended MF conference where you can actually gain some knowledge and learn?
Kelsey P.
Favorite YouTube channel to learn how to rehab
14 January 2020 | 6 replies
(Actionable lessons, how-to's)Scott Brown Carpentry (Enjoyable content, Great production value, how-to's)Paint Life TV (Actionable lessons, how-to's)Bonus: Tarl Yarber is doing some great work putting rehab videos out on @BiggerPockets .com youtube channel as well but they are few and far between for now. investorgirlbritt on instagram has some great content and I think is working with BP but only one youtube video up for now on her account (Brittany Arnason).
David H.
What would you do? Sell or Hold?
15 January 2020 | 38 replies
Although, I should hit ‘em up since I’m constantly raving about their product.
Justin A.
cash out refi when BRRRR-ing
12 January 2020 | 6 replies
Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't)
Ahmed Youssef
Turnkey is asking to ignore the appraisal value
13 January 2020 | 64 replies
As another mentioned, you pay for convenience, that’s the turnkey’s product.
Zack Thiesen
Lending vs Income Doc Scenario with BRRRR Method
12 January 2020 | 5 replies
Thanks @Kerry BairdHey @Zack ThiesenYes, as crazy as it sounds, there are numerous products out there for the self employed investor that don't require tax returns.