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Hi, my banker said - We are needing a minimum extra $20k in cash flow in order for this to debt service at 1.25x, which is the industry standard lowest it can be to approve loans, your's now is .98x. Is it possible t...
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l am planning to purchase 2 properties. Is it possible to take a combined loan (one loan) for both built into one loan? by that saving some loan fees and overall closing cost?
I have heard, it is not possible given t...
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Hey Guys, so Ive only posted a few times on here and everyone has been great with all types of info, hopefully this will be the home run for me. So after lots of dead ends I may have found a way out of this renting ra...
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I recently paid off my home and i am interested in purchasing another home/duplex for the rental income. Banks are telling me that because i own a home i would have to pay 20-25% for the down payment because it would ...
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I am looking at a property that needs rehab and currently vacant. I rehabs single families and with this opportunity I can considering stepping up to commerical. What I would like to do as some have done in residentia...
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My husband and I just recently sold our single family home, and decided to invest that money into multi-family properties. We just used an FHA loan to purchase our first multi-family property. We live there and rent t...
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Hi all,I'm looking for advice or experiences if you chose to hire a PM for your first acquisition (single family). I know many investors take on the land lording responsibilities until a certain number of doors are re...
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Hey All,
I am seeking advice on Private Lenders that fund portfolio loans. I have spoken to my broker and the loan amount for several of the houses is lower than they fund. I am looking in an area that has started to...
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Hey BP members,
I'm confused about a topic and I'm hoping someone could help me and possibly others understand. I have a couple questions:
1)
I know that when inflation increases it causes home prices to increase a...
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Hey BP Folks,So I am looking to structure a deal with a family friend whose an active investor, where he would be providing $100K in startup capital. I would be the active manager, basically running the entire busin...