Nicholas K.
Fund Down Payment w/ HELOC, Stock Purchase Plan, or 401K Loan?
Hi all,Long-time lurker but first time poster :) I'm looking to buy my first deal and feel lucky enough to have a few options to fund a down payment. I'd like the community's advice/perspective on any of these options...
Sean Dougherty
Junior lien payoff
Not sure I am posting this in correct forum.I am buyer in this situation:My seller just went through a divorce and husband is not cooperating. Both names on title. Wife now has court approved authority to sell without...
Kerriann Lowers
Seller finance with balloon then commercial loan
Hi there!
I have not done a creative financing deal and am curious if this creative financing solution is even feasible.
Background - this is a 7 unit off market apt complex. The owner is open to a discussion on s...
Tyler Wetherbee
Creative Loan for Rental Property
Newbie question.So I have a family friend who is selling off about 5 of his rentals. I am going to get an FHA loan for my primary residence. But, I want to take this opportunity to buy at least 2 more. My question is,...
John Wallace
Current DSCR rates? Who's got the best program?
Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
Levi Fleming
Multifamily Lending with less than 20% down
Hi, any recommendation for mortgage providers in Delaware that offers mortgages with less than 20% down payment?
Matt Tallent
Creative financing options
Hey guys, I’ve been on bp for a year now I just got my first deal a 4bd in philadelphia and have it rented. I’m looking to get my second house later this year. Obviously when starting out available money is one of the...
Kurt K.
Deposit transparency from property management companies
How do most property management companies handle security deposits? Do they give you (property owner) a choice to receive the deposit after a tenant has entered a rental agreement or do they hold them in an escrow unt...
Dee Xixi
Preliminary HUD-1 net sheet
Hi guys,
Need some quidance on how to do a HUD-1 net sheet for a Short Sale. Bank is waiting on paper work. I have everything else needed for the short sale package except the HUD-1 which is the bottom line for the ...
Ryan Letzeiser
Instant Landlord Policy
We have been working diligently over the last 6 months to get a reinsurance carrier to back us in an instant product for landlords (Questionnaire to sign/bind/pay in 5 min or less) and I wanted to gauge everyones inte...