So I know secured loans are not a new concept. And from previous threads on here, they seem to be fairly unpopular.
But at least for my situation, they seem like reasonable ways to finance rentals without having to ...
Hey everyone,
I have an opportunity to put a commercial strip center on a 10 acre lot in a nice location. We were thinking about seeing if a bank would be interested in leasing part of the lot on a long-term basis a...
Hi all,First of all - big thank you to the BP community. The knowledge I've gained so far just by lurking has been invaluable. Apologies for the lengthy post below, but wanted to include as many pertinent details as p...
Recently bought second long term hold property. Used bank loan, put money down and financed the rest. When it came to insurance it was very difficult. We finally got insurance but it was with the stipulation that w...
Fellow BPers, could you please advice on the close of a multi-family deal? Is there any difference between regular SFH and the MF? In my specific deal, I have 30 days to close and I don't have a broker/agent on my e...
Hello everybody,
This forum has been incredibly helpful lately. I was looking to get some more information/help from people experienced with the SBA 7(a) loan process.
My business partner and I recently formed an LL...
Hello BP followers,I'm currently looking to buy a multi family in mid HV area Pok, Wappingers and Hyde Park area and my issue is financing.All of my $$ is tie to my investment; I owned 3 sfr outright no mortgage and t...
My wife and I did our first BRRR! Bought renovated and rented a 2 family in 12weeks Long Beach ny .Created $230k of equity minus the $70k for renovations that the renters are paying and still hoping to pull a $1000- ...
Example:
Property: 3 quadruplex buildings on the same street with separate mortgages owned by the same owner.
Sale price: 1,100,000 with buyer putting 15% down.
Owner provides a WRAP of 935,000 at a 5.5% fixed rate...
Hi all,Wanted to quickly introduce myself and start to get some opinions on the market in South Florida. I'm transferring to South Florida for work in the next 6-7 months and am planning on purchasing my first investm...