Ryen Farnworth
HELOC or cash on hand for down payment
Hello! This is my first post here. I’m currently living in a rental, own a property that is rented out and buying a new primary residence. I’m trying to figure out if I should use the cash reserves I have for a down p...
Sean Dawson
Buying a home before the Sheriff's sale
Good Morning,We have located a property that will be sold at a sheriff's sale in the next week or so in Ohio. If we can talk to the homeowner and find out what they need, IE how much is owed and past due, is there an...
Francois Frigon
Financing in Texas
I've presented a plan to my Wells Fargo lender to purchase one Duplex and two 4-plex in the next 12 months. The meeting went fine and they pre-approved my plan. Here's what I learned though about financing in Texas:...
Danielle DeCormis
Quit Claim Deed to LLC Tax/Legal Question
I am looking to purchase a property that falls under the minimum limit for DSCR but qualifies for a conventional loan. If I purchase this and quit claim deed it to my LLC, who pays the mortgage? Me or my LLC? Does t...
Burt L.
How to Safely Close On 4-Plex Owner-Carry During Tough Eviction?
I have a 4 plex that I am buying on a 20 year owner carry with 7% down. It is due to close tomorrow and a tenant eviction hearing is the following day and there is no security deposit in place for the problem unit. T...
John Robert Kinsella
Multiple llc for commercial loans
I'm Trying to understand the full potential for llc and commercial loans..I've been working with a commercial banker with my partner and it's been easy to secure properties with just having 20% down. I came across a p...
Steve Dove
Purchase of rental property to be used as primary residence
I've got an interesting scenario here. A relative of mine is purchasing a primary residence through a short sale transaction. The property is owned by an investor who rented the home out for several years. The investo...
Matt Pfefferlen
Bankruptcy Automatic Stay - Foreclosure
I am looking at buying a foreclosure at a trustee sale. The homeowner has filed bankruptcy twice in the last 6 months. As I understand it there would be no automatic stay if they file for a 3rd time in a year. Is t...
Bob Stevens
Who has extensive experience in Flint MI
As the title says, who has extensive experience there? Is it only for cash flow?
Thanks
Zach Howard
Financing options for non-US citizens
Hi, I'm researching financing options for non-US citizens who wish to purchase multifamily investment properties - around 4 units to start with, for example. If you know of any lenders or if you are one of them, pleas...