Amy Greger
Non-Recourse Loan Lenders
I am looking to finance a property with a Profit Sharing Plan. This is my first non-recourse loan. I contacted North American Savings Bank, and I'm hoping to find other lenders to compare the rates. The NASB rates ...
Daniel Alvarez
Portfolio vs Piggyback loan
Hello all,
I'm recently delving into uncharted waters in financing and property type. All my past investments have been either on a primary or pure investment property using a single, fixed rate conforming loan. I n...
Ray Jansma
ARM mortgage financing then cash-out refi?
I want to get into the BRRR strategy. What's the best way to finance your original mortgage on a a property? With an ARM rate if I plan on cash out refinancing anyways within a year? That way I can save on the intere...
Jay G
Living Quarters
Hi everyone,
I have a few general question in regards to purchasing a house or condo. I’m twenty four years of age, an avid entrepreneur, which means I don’t have a substantial amount of time to dedicate into my home...
Michael Doherty
Do ARM Scare ppl as it we go into a rising rate environment?
Hi all,Was recently offered a commercial mortgage with the following terms. Interest Rate: 5.75%Repayment Schedule: 20 yearsMaturity/Term: 5 yearsPrepayment penalty: 5,4,3,2,1Index Value FHLB plus a 2.5% margin. 20% d...
Zachary Harrison
Underwriting and Lending Question
I got a call from my lender saying the "underwriter" won't or isn't allowing me to rent my home to a family member in order to qualify for another loan. Has anyone had a similar issue? Can the underwriter dictate wh...
Jacob Stahl
Home equity or cash?
What would be a better option for the 20% down payment on a commercial property - using all cash or taking out a home equity loan or partial of each?Using all cash would hurt my reserves, but would be able to cash flo...
Michelle Costello
Looking at a refi 5-1 ARM
Hello BP,
I have 5 rental properties that I have owned for 3 or so years now that have significantly increased in value. Each property is mortgaged so Ive started looking into options to access the equity and one of ...
Anthony Vu
ARM loans vs. DSCR loans
Can anyone tell me which one of these loans is better for an apartment building? What are the key differences in terms compared to each other? Can someone also describe the process of obtaining either loans?Thanks!
Jeffrey K.
Thoughts on my arm
I own two four unit building free and clear in Milwaukee WI (I paid cash four months ago). I want to get money out to move to the next project. I purchased them each for about 210k and did major rehabs on both. I h...