Jason Eyerly
Debt:Income Ratio - How do I know if I'll qualify?
Hello BP, Now that I'm in The Big Apple, my girlfriend and I are looking to get into REI and build our future here. As a professional trader, I am expecting to have a pretty good salary, so most of the REI business...
Ryan Taylor
Rate differences...is there a huge one
So... a CFL being a Mortgage Banker offering the rates of that specific bank...and a Mortgage Broker being someone that shops for the best rate...that being said...if I am correct...what has been the difference in per...
Ray Hayward
Commercial Real Estate - Financing New Construction
Hello,
We are prospecting a location for potential new development which may be Condos or apartments. I understand how conventional loans work, but what can I expect for a new construction project while in developme...
Chris C.
How much money do I need for a $300,000 rental?
Hello everyone. I’m trying to put together a budget to figure out how much money I need for a $300k investment property. The goal is appreciation and equity growth rather than high cash flow.I get I’ll need $60,000 fo...
Jason Barnes
I don’t understand how they do it
Okay so there is this guy, he wasn’t very wealthy at all. And now he owns multiple high rise apartment buildings. And is loaded. My question is after he got the first one. And paid all that money. How did he afford to...
Abdul King
What are Refi requirements(BRRR)
Hey BP, I’m going to use the BRRRR method to buy a multi family property. I’m using 20K cash and hard money. When I go to refi the property after I rehab and rent it, what are the requirements that I need to have refi...
Tom Paul
Commercial Closing Costs and Who Pays Typically
I am currently looking at a couple of commercial properties in northeast Ohio. When it comes to the closing costs who typically pays what? Has anyone ever successfully negotiated that the seller pays the closing ...
Account Closed
Scaling with STR Income
I'm closing on my second STR in January. I have enough capital to put 10%-20% down on a few more next year, which would likely allow me to quit my day job, but I'm worried my DTI might be an issue when trying to obtai...
Mark Zajaczkowski
Small Motel Colorado - How to best secure funding/loan?
I'm considering buying a small family run motel (10-15 units) in the Western US for $500,000, this would include the land and the business. I have access to $80,000 in a HELOC, but my wife is currently starting her ow...
Timothy Stieffel
Getting Pre-Approved For Mortgage Loans
Hello BiggerPockets Community!I am about to start the process of shopping for conventional loan rates and getting pre-approved, but am concerned if I shop too much within a short time period it will adversely affect m...