Robin Simon
Real Estate Investor Financing 101: FICO
adopted from a twitter threadOne of the most important numbers to determine your
✅Eligibility
✅Rates
✅Terms
✅Points
on a loan for your investment property is your qualifying credit score (or FICO)
"FICO" itself ...
Karen M.
Just curious -- how much is a bedroom worth?
We have an interesting situation where both properties on either side of our house are selling. (We are honestly very nice neighbors, really!!!)Our 80 year old neighbors moved to a senior apartment and sold to a nice...
Marcus Hale
How to evaluate homes in a depressed area
looking for tips on how to brrrr in a depressed housing market. Rehabs can go for less than 50k, sometimes as low a 5k. I've seen several of these homes just get torn down. Home values in these neighborhoods are typi...
Rich Coppage
Commercial Construction Loans Primer
We will usually get 1 or 2 projects a day from sponsors or brokers asking whether we can get their construction projects financed.We usually subject the project to a quick quantitative analysis to determine whether we...
Jeff Richardson
Our newest BRRRR in Texas
We have a contract on rental #6. Cash out of pocket $15,000, Purchase price $89,000, rehab $23,000, ARV $135,000, capital gain $12,000, 80% return on capital gains, monthly cash flow $463, 37% cash on cash return, tot...
Alexa Martinelli
Commercial Loans Question
Hey all,I'm currently reading a book called "Commercial Mortgages 101" by Michael Reinhard. I was just reading a section about what the buyer's net worth should be to qualify for a commercial mortgage. From my underst...
Dennis Perry
Purchasing my first apartment building (8 units) for under 350k
Hey Guys,First Post. I recently got my first investment property (SFH) and I will be wrapping up soon. In the process of finishing, I came across a deal for an 8 unit apartment building for under 350k. At first glance...
Jeremy Commisso
Tips on evaluating multifamily deals
Hey BP community! I'm a business owner looking to deploy excess capital into investment properties with all signs leading me to multifamily rental properties. The biggest issue I am running into as I evaluate deals is...
John Garza
Portfolio and conventional loans
Is the down payment of a portfolio loan typically 20% like a conventional loan? Or lower?I'm having an issue coming up with 20% Downpayment for a conventional, I can't do a FHA because I already have a primary residen...
Brandon Chandler
General Hard Money Lending Question
Hi All,What is typically the minimum amount of money hard money lenders will lend on one property? Do most frown upon properties under specific ARV ranges?Thank you,Brandon Chandler