Raj Patel
How did this loan get approved?
I know of someone who bought a retail property a few years ago. Retail in the sense that it’s your standard building with parking lot and retail tenants. The NOI at purchase was $90k. The bank gave him a 10 year loan ...
Jose Rios
New member recently approved for loan
Hello everyone I've actually been a member here on BP for a couple of months now, I've just never posted on the forum. I am looking to get started on my first real estate investment (first home purchase). Unfortunatel...
Maryellen Hwang
Questions on Pre-approval for loan
Hi all,I have a newbie question for you all and hoping you can help. Currently looking to invest out of state and in process of determining the right market. I also understand that I should get pre-approved prior to...
Tucker Kincaid
Getting Pre-approved for a Loan
Hello BP,I am planning to house hack in Boone, NC in the next 6 months and am in the process of getting pre-approved for a FHA or 203k FHA loan and a 3.5 percent down payment. My goal is a duplex or triplex. The price...
Jordan Hamilton
Saved down payment - loan not approved
Hi everyone,I have spent the last 6 months saving about 60% of my income so I could finally move forward with my first multifamily property. I saved 30k and plan on using FHA loan to house hack one of the 4 units (loo...
Nolan Dalton
DSCR LOANS. Where to get approved?
I want to get approved for a DSCR loan. I have walked through a few properties that I know would cash flow. Where can I find a lender? I talked with a manager at my local KeyBank and she told me "There is no such thi...
Out-of-state investing is a great option if you’re looking to venture beyond your backyard, but finding the perfect market can be a challenge. Not to worry—our hosts have been in your shoes before and are here to help...
Braxton Boone
Pre-approved for a loan vs. Loan pre-qualification
I've heard the the term " getting pre-approved for a loan" which, from my understanding isn't the same as "loan pre-qualification". Although they sound very similar, could someone briefly explain how these are different?
Leonard Sanford Jr
Getting a house hack loan approved with student loans
Good Afternoon BP,I am reaching out as I am in the process of seeking out lenders to finance my first house hack deal, a 3 bedroom 2 full bath Colonial. From what I have learned early in my investing career, is that y...
Lindsey McKinney
Down Payment Options
I am looking at purchasing a 12 door LLC. Loan approval is no issue but looking at creative ways to finance or come up with $150,000 down payment.... Any ideas?