Ian Bower
DSCR Loan Fees - More than expected... is this normal?
Hi All. First post. First investment property. Just getting my financial house in order and talking to some lenders. Most of them are quoting me: An origination fee - $2500A processing fee - $1000An Underwriting fee -...
Hunter Perkinson
Questions about the Hard Money Process
Hello BP, I was hoping someone could give me clarification on how using hard money works. I've never flipped a property before but thats what I'm looking to do. I want to get my financing in order first and hard money...
Alfred Costanzo
How much money do you need to save up for a house hack???
Hi Everyone,I am looking to buy a property in the St Pete/Tampa area. I have been looking at mostly 2-4 units I am a newbie and this would be my first real estate purchase.Price range I am looking at is a $250,000-$35...
James Walsh
Should I put more down?
Hey all, I have about 100K to invest and want to start with a multi family house hack. My question is, should I use an FHA loan and put the least possible down or should I bite the bullets and put 20% for a convention...
John T.
Owner Financing - Is interest a good idea?
Hello BP Community!I'm considering offering owner financing on one of my properties. Property is worth 135K and is free and clear. I want to offer a 5 year note on it to a potential buyer. I've already spoken with ...
Kelly Jenrette
First Time Investor wanting insight
Hello BP Family!My name is Kelly Jenrette, and I've been a Pro Member for a little over a month. I've been listening to various podcasts, reading books, etc. My husband and I are new to investing and excited about t...
Alberto Leonard
Refinancing Woes for low cost properties
I've listened to several podcasts, Biggerpockets and others concerning the BRRRR method. It's straightforward as long as your buy right. You can then rehab, rent, etc... What no one seems to shed a light on is how...
Account Closed
Cannot refinance
Hello BP, now what happened if i can no longer cash out refinance conventional loan after said 4 properties. I know it would mean i need to seek out credit union or portfolio lender but what do i do with my 4th proper...
Samantha Soto
how to financial multiple property packages using conventional
Hi everyone,I'm looking at an 8 property package in Indianapolis. I would like to utilize conventional financing, putting 25% down. I was wondering if I could get one loan for the entire 8 prop package, or would I n...
Sophia Berry
Refinancing after building a home using a Hard Money Loan
Hello,I wanted to build a home using a hard money loan, however instead of selling the home to pay off the hard money loan, I wanted to just refinance with a conventional lender and pay off the hard money loan. Will t...