Derek Carson
Lending Limits: Even with sufficient capital and low DTI ratio
Hello everyone. After spending a few years following BP I've finally completed my first rehab and flip and now I'm looking at multi-family units to buy and hold.I'm wondering if anyone has run into difficulty getting ...
Sean Brown
Refinance a HML (New Jersey)
I have a mortgage 385K on a property I am living in. I have 100K and am seeking a 200K construction loan to renovate, add another floor with significant improvements. I am finding it difficult to get a Construction to...
Christine Cheyne
Owner/Builder GC Experience
Investment Info:
Single-family residence other investment.
Purchase price: $65,000
Cash invested: $217,000
Sale price: $365,000
House appraised at $365,000 at time of completion. This was 100% n...
Jack Landry
Owner-Occupied Loan Limitations
Hi all, I am looking for some information regarding owner-occupied loans.
Situation:
I purchase a property in state A with low-money down owner-occupied conventional.
I decide to move to a new state, state B (be...
John Wilson
Advice, funding for commercial multi family
Has anyone ever used velocity? I contacted them for funding on commercial multi family Propertys. They informed me they do not deal directly with investors,and that they only deal directly with brokers. From that poin...
Jatinder Dhaliwal
New Construction BRRRR
Hey BP community, I really need some help! This is my first post/ question on here, and I would love any insight from any pros regarding my situation and double check my numbers to see if it is correct. My family curr...
Gary B.
Rehab Loan needed for repurposing building into apartments
Hi There,
I need to get a rehab loan on a property that I will own but can be converted into 28-32 apartments. Can someone suggest what is the best way to get a rehab loan in range of $500K to $1MM?
thanks, Gary
Angel Alicea
Can you pay the difference between the county maximum for an FHA loan
Hello there,I am currently considering purchasing a property in Palm Beach County Florida. The FHA loan limit is $621,000. The property I was going to buy is about $650,000. I was wondering if I paid the $29,000 diffe...
Arnella Irby
Investor not complying with renovation agreement
I'm in urgent need of some guidance on the best way to approach this matter before pursuing litigation. For context, I'm a silent investor who provides the rehab's renovation budget. I'm working with a local Atlanta i...
Ray Detwiler
Transfer of home to LLC and future vulnerability/liability
I've tried researching this a bit but haven't quite been satisfied with what I have found, so I apologize in advance if this has been answered and I just missed it or didn't understand it correctly.
Few questions -...