Justin DeMontier
To Close or Not to Close...
I apologize in advanced for the lengthy post, but I'm going to try to be as detailed as possible, so here we go...I currently has a property under contract that I have been prepared to close on for my first BRRRR but ...
Ashley Parker
How to make sure a private lender is legit?
I have been talking to several private lenders and for some reason I keep getting thrown for a loop. Everything starts off seeming legit and then things turn and I start second guessing the lender. I have found two th...
William C
Cash Out Refinancing Help - Need Banks/Lenders
I own two investment properties free and clear, one in Scranton and one in Lancaster. I am looking for banks/lenders that meet this criteria in a cash-out refinancing for free and clear investment properties:
- LTV% ...
Nathaniel Ziomek
FHA 203k vs. Fannie Mae Homestyle Rennovation Loan (+ HomeReady)
Hey everyone,I was wondering if anyone has particular knowledge of the Fannie Mae Homestyle Reno loan: Specifically, how does it compare to the FHA 203k loan when grouped together with FannieMae HomeReady? What are th...
RICARDO RUIZ
50% EXPENSE RULE
Where does this rule come from ? Is there data supporting it ? I have couple friends with rental and they completely disagree with 50% expense rule..They believe its expenses are much less that 50% of one months rent....
John A
Entrance stradegy and what rate to accumulate?
Hello all, I've been reading archived posts here for a while and decided to join. This is my first post (on any forum ever).
Quick background:
I am 27, married, no kids yet. I work in commercial construction and ha...
Chris Severin
hard money loans
I found a hard money lender accredited by the bbb and they are willing to finance 100%. I know that there is a premium for their services, ie high interest but is there anything I should be cautious about with taking ...
Faycal Bouab
Buying a property for a project and need your help BP
Hi BP community,I am interested to buy a property $900k in California in a old and very cute Gold Rush little town in California between 2 and 3 hours from San Francisco.It is a land of 60 acres with a 1300 sqf home o...
Neal A.
CMX-1 Zoning Philadelphia multifam - specific question
I have a very specific question regarding CMX-1 zoning in philadelphia. According to philly's zoning guide a CMX-1 zoned property can be a multifamily property that consists of 1-2 units. However on the "addendum" or ...
Rae Mac
Second/upper floor laundry room anxiety question
Hi folks,I have a upstairs/downstairs duplex, with laundry room on the second floor for the upstairs apt. The flooring is vinyl plank that is water resistant, not waterproof, with no floor drain or anything, and I lie...