Hi everyone. I have a question regarding down payment percentage and bank statement requirements. Initially I had a private lender who was going to give me 100% of financing for a purchase. Unfortunately he has said h...
Hi BP,We are out of state investors looking to buy our first property in Indianapolis or Columbus. Been having trouble finding properties that cash flow, so I’m wondering if our assumptions are part of the issue.I use...
tl;dr: Total noobs looking to house hack in a Chicago north side hood. Need advice and a good agent :)Hello BiggerPockets!It’s been awhile since I first joined the BiggerPockets community with grand real estate invest...
My partner and I separately own a couple of SFRs as well as some small residential Multifamily homes. We are wanting to get into small commercial multifamily, but could use some assistance with financing. We are open ...
I bought and moved into a 2-family duplex about half a year ago now, with a FHA mortgage and 5% down payment. In the next 6-12 months I want to attempt the same thing, but of course with a conventional mortgage this t...
I’m under contract for a condo for STR and I underwrote with a typical mortgage but my lender just came back after my initial approval to tell me that as of Jan this year Fannie and Freddie now consider the developmen...
Good Morning,I was doing some reading last night on various ways to get financing for properties ,a nd I came across a comparison of Getting a bank Loan vs a MortgageIt seems that a Bank Loan is the preferred method f...
Ok. I’m green so forgive my ignorance but need help.
Got a Heloc on my primary for 115,000 at variable rate of 5% currently to buy my first few deals. The payment percentage is 1% a month that goes towards princip...
Do hard money lenders typically require a down payment? If so, what would the percentage be?
If I sell a house and carry the note, I understand that the capital-gain percentage applicable to the sales date will apply to the down payment. After that, as the buyer pays each month for succeeding years, will the...