Austin Whitcomb
First Househack in Baltimore
Hello! My name is Austin and I am new to the Bigger Pockets community. I am looking to invest in my first househack in the Baltimore area (city or county). I am in the process of saving for a down payment while workin...
Vee Vu
How to Network with Lenders?
When should I talk to lenders (hard money lenders, private lenders)? Some people said I should control the deal (under contract) before talking to them because their time is valuable. While other said I should just go...
Ivan Jouikov
Is it easier to finance if you own (refi) than if you buy (mortgage)?
Hard Money Loans seem to only work for short term flips/LOs. I've heard some people say that "you use HML to obtain quick finance, and once you secure the property - you refinance with big bank."
Is it easier to obt...
Chris Battaglia
MHP LTV/MHP Contract Assignment
Hey All! My partners and I currently have a 34 unit MHP under contract in Upstate NY. We just got a commitment letter yesterday from a local CU yesterday and the LTV came in at 75%. We're a bit bummed since we were re...
Eric Davis
One Loan-Multiple Properties?
I've been looking at a couple of cheapo houses in the area around me. Most of the prices are under $50,000 and have had trouble finding a loan company that is even willing to fool with something so cheap. Is it a po...
Ben Williams
Confusion Refinancing of BRRRR strategy
How does Refinancing work with the BRRRR strategy, or any strategy using refinancing in its strategy? If 4 homes is the max that most lenders use for initial financing are there different rules that banks use when ref...
Quinlan Moran
My First Deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $175,000
Cash invested: $40,000
Single family residence, 3 bed, 2 bath, 1740sqft
What made you interested ...
Javier Bustos
Analysis Paralysis- First property buy
Hey everyone,
I've made it a goal this year to purchase my first rental property. I've been researching for about a year now, and I know I'm not getting any younger. What are some of your stories on buying your first...
Shankar Balakrishnan
Corelation between GRM and Cap rate ?
Hi, Is there any corelation between GRM and Cap rate when evaluating multi family home deals? Pl suggest. Thanks
Ken Rishel
Small Seller Financier versus CFPB - DOJ
The Feds recently settled a fair lending lawsuit against a seller 4inancier. This means that, once again, a attempt to use disparate impact evidence to establish that a lender engaged in a “pattern or practice” of ...