Bhakti Kshirsagar
How did you finance your first buy and hold rental property?
We are currently evaluating REI opportunities. AFAIK, you need to put 20% down unless you are using house hack. I am curious to learn any other approaches you used to purchase your buy and hold rental and how did find...
Sam T.
Lender terms changed after going under contract
I obtained a signed pre-approval from a lender for a short-term rental (STR) investment at 80% LTV. This pre-approval was specifically tailored for the STR investment I had in mind. However, shortly after securing the...
Juan Monge
Investor friendly local bank in Houston
Hi BP community,Can anyone share any recommendations on an investor friendly, local bank which you are working with or have had good experiences with in the past? I need to open two checking accounts for a couple of S...
Bienes Raices
Making a loan to an LLC
What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...
Christian Cambridge
Strategy for Analyzing an ADU
Greetings all,
I’m considering a home renovation loan to convert my garage into an Accessory Dwelling Unit (ADU). The loan will change my current interest rate, so I want to make sure that the return is worth doing ...
Andrew Malik
Wells Fargo Reverse Mortgage...anyone have any experience?
Hello!
I am working with a family who wants to sell their home and it has a reverse mortgage with Wells Fargo. I will be purchasing the home with cash and it needs A LOT of work.
Basically, the house i...
Richard Ochoa
First investment property purchased in October of 2019
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $230,000
Cash invested: $2,000
Used a 0% down VA loan on a Duplex, I am currently receiving $1300 (mkt dicta...
Sarah Ebling
Funding My First Flip
Hello, Forum! I have been interested in flipping a property for years, and a brand new listing popped up that I know would be my perfect first flip. My problem is, no one, and I mean no one, is willing to approve a...
Ashraf Ayyash
Investor friendly lender in Austin?
Any advise on an investor friendly lenders I. Austin ? I am looking for a lender than understand the cash out idea and not asking 25% down payment for a loan
Clayton Smith
Return on Equity Calculator
Hi, I am looking for a calculator or formula. I am hoping to find a calculator that considers the delta of the monthly payment pre refi and post refi to determine what ROI I will need to get on the money pulled out t...