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Can anyone recommend a good simple web site to check current commercial loan interest rates for multifamily buildings. I've been poking around online and can't find something quickly. I called my bank (B of A) and go...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $10,000
Sale price: $179,900
Live in flip. Bought and fixed it up over 2 years. Used an...
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I signed a WS contract with a seller this week....after which I discovered he owes more on the property than the contract dictates that I pay him: we agreed upon $85,000. He owes $89,000 in mortgage and loans, with ...
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Hey BP,I received an appraisal back below purchase price and realized appraiser used initial offer and not the accepted counter offer on the appraisal report. Now there is an appraisal gap of 10k. I spoke to lender an...
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What are the legal ramifications for a private party to borrow from a private lender at 8% and then turning around and lending that to a rehabber for 14%?
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A quick question. I have tried to re-finance with Bank of America for a 3 unit but have been told that BAC was told by the Gov. to suspend use of HARP 2 for investment properties for 60 days, and possibly 60 more. I ...
Hello i was contacted by my lender and was offered a streamline refinance. I agreed because the lender had said that the loan would only go up a couple of hundred dollars.I received my documents to sign and the entire...
Hello - not sure if this is the right forum but will ask anyway. I have a principal & interest loan on one of my investment homes. I pay the tax and insurance which is clearly stated in the note. In the 9 years ...
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Hi Everyone!Recently closed on my second investment property! My intent is to BRRRR this deal. I'm doing some research and trying to understand what the best way to finance the rehab portion. Would it be a personal lo...
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I've invested in MA and I'm realizing that I might have been incredibly lucky. I've got 10 loans from 2 local credit unions. All the loans are made to my LLC (they don't appear on my personal credit report) and the ra...