Carl Gerhara
Can I get a loan with no income?
Hello all,I've been retired for a couple years with no income coming in. I'm interested in purchasing a small multifamily - anywhere from 2-6 units.Is it possible of obtaining a loan with no income? My credit's been g...
Slaiman Atayee
Analyze my first potential BRRRR deal
Details of my first potential BRRRR deal are below, with specific numbers given by my private lender and bank for refi. The rental numbers come out to roughly 1.08 DSCR, but really in this for the principal paydown, t...
Amanda G.
Likely bank options for a BRRR?
I'm looking at a possible cash purchase ($8k-15k) that needs $40-50k of work. The ARV conservatively would be $85k, probably more like $110k. I want it as a buy and hold. I have debt to income which would fund this ou...
Mike Musarra
Ballooning out of a Hard Money Loan
I'm purchasing a home in a suburb of Cleveland with Hard Money. My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single...
Lane Nelson
BRRRR Refinance Deal
I am doing my first refinance on a rental property I recently purchased. I'm getting back 37k cash which was in the ballpark I expected. What I did not expect was a 7 year loan amortization with a 6.16% interest rate ...
William Kulow
Potential rental income
Anybody have some advice on how banks see potential rental income when determining the loan amount that an applicant can qualify for? Just want more ways to enter an expensive market. Thank you in advance!
Nia Merced
Cash or Loan
Hi People, I'm a rookie investor/real estate agent from NY and I have an opportunity to purchase my first property with cash. I aim to invest in a few MTR/LTRs in a B-class neighborhood in Greenville, SC. I am dete...
Marshal Amon
Is this a smart first purchase on a duplex?
I saw a duplex in Columbus, Ohio for $275k the other day. Strong bones with more recent upgrades. AC/Furnace (2014), Appliances (2015+), Windows (2007), Electric Boxes (2019), Roof in good shape, etc. I calculated tha...
James Lambert
Using Credit Card to Finance a Flip
Hey Everybody,I am new to investing but I have been working with a mentor. He just presented me with an opportunity to flip a property with him. I have 2 credit cards with a combined limit of $25K. Is there any way t...
Tom Tran
How do you evaluate interest rate to determine if the deal is worthy?
Hi guys,I am currently evaluating a refinance with a blanket/portfolio loan to cash out for a purchase of a 13 units...I exploring both avenues for loan; 1) conventional loan via WF which quoted around 4.75-5.25% or 2...