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I'm trying to scale and having to wait for seasoning is killing me. I live in NJ and invest in the midwest. EIther Cleveland CU wont lend to nonresidents or NJ CU won't lend out of state! Does anyone have any clue as ...
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Hello bp, question about cash reserves for the bank. Currently going for my 3rd property putting 25 percent down most likely being a owner occupied property. I'm using some of my own money plus 50 percent of my 40lk. ...
If you have house hacked or helped/know someone who has house hacked a small multifamily property (3-4 units), do you think its better to get an FHA loan or a regular conventional loan? I have different lenders tell m...
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Has anybody felt they ran into a set back after learning about having the need to have 6 months of reserves required by banks? I am a newbie investor looking for my first investment in the next few months and have eno...
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I have (2) prospective tenants for a property of mine. One tenant works at a restaurant and the other at country club. Both tenants claim that most of their income is cash and that they can not meet my minimum require...
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I am looking for a loan options for multi-family properties in the 1-3.7 million dollar range. I have down payment but do not have a net worth equal to the loan, which is a requirement to most I have talked to. Any ti...
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Hello BP!I'm trying to wrap my head around an idea and I'm hoping you guys can help me out with some facts. So my Dad is a general contractor working for a guy that flips houses in Florida. This guy buys his propert...
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I need help. I have a deal under agreement for 140,000, renovations is 53,000 and the ARV is between 280k to 305k. Can someone help me understand what this lender is offering? What 11% mean?$170,000 loan amount$125,00...
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Hi All-
Generally, I stay away from purchasing condos at trustee auctions. I purchased one recently and it appears to have 25K worth of past due condo fee. There was a junior condo lien recorded against the property ...
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Hi, do you know a great software, friendly user, easy and ACCURATE for real estate investing.I don't know if you are like me, but Quickbooks is a real nightmare... you have to get 3 reports to get something accurate ...