Grace Wang
Financing & Appraisal Contingency
My primary residence in northern VA is under contract now and the buyer's financing and appraisal contingency will expire by 9pm of 6/30/15. Our listing price was $499,900. On the existing contract, the selling price ...
Lola Og
To refinance investment property or not?
I just closed on an investment property in July for a really good price and area but unfavorable rates (4.75% 20 year with a 20% down payment). The only reason I went with that lender was because he was able to close ...
Suzanne Player
Any advice for a new commercial real estate broker from veterans?
I am looking to get a job as a commercial broker in the Long Island/New York City market. I am most interested in multi family / apartment houses as an area of specialization, because I'd like to invest in multifamil...
Phil Kurumunda
LLC, Asset protection and Mortgages
Hello - I am in the process of buying a few buy and hold investments. The terms on the mortgages favor conventional residential loans vs commercial, notwithstanding the bank underwriting grilling one gets from the ty...
Charles W.
Standard commercial lending terms
Hi all,
I've been trying to do my research into commercial lending terms. Based on all the threads on LLC vs operating in my own name I have decided it is probably best to operate under an LLC. Since as an LLC I cann...
Eva Neikirk
What’s a good deal on a cash out loan?
I bought a duplex and house in Memphis in 2016/17. Cash $42k and $34k. Have put in $20k each (most of which was paid for in rents). Now valued $90k and $75k and cash flowing.Need to pull cash out to fund medical care ...
Peyton Leal
Seaking Creative BRRRR Lending
Say you have a property listed/foreclosed/pre-foreclosed that is already at BRRRR value.
Is there anyway to purchase straight off with no money down!? EQUITY BUILT IN?!?!
My subject property needs minor cosmetic re...
Gerardine Tshouongang
Should I get a home warranty?
Hi BP,I am in the process of closing on my first rental property and I was wondering if having a home warranty is an absolute necessity. Looking forward your thoughts.
Steve Burt
Financing for <$700k multifamily with more than 4 units
I am looking at a property that is for sale for about 750k and is a 6 unit apartment complex. I think it is an excellent property but my question is what are my options for financing? Seems like a lot of products want...
Michelle Harrington
Will buy a duplex. Current tenant re is way lower than the market
I want to buy this duplex and found out that the 2 current tenants just signed a new lease for a way lower rent than the market that will expire next year July 2022. My question is, once I buy the duplex, as a new own...