I want to purchase a multi-family home using my VA loan. How much total cash on hand is recommended to have before buying? Say I want to purchase a property worth 300,000 - 400,000, what is a reasonable amount of cash...
I am a new investor and am interested in creative financing for subject 2 transactions coupled with Seller financing. I am located in the Greater Seattle, WA area. While building a relationship with the Seller’s ag...
Hi,
First time poster here. My husband I recently purchased our first duplex using the BRRRR method. We purchased through our LLC and paid cash. We've been talking with different banks. Do all cash out refi's in...
I just went to a website to apply for pre approval and they require 15% of the loan amount in the account, is that the norm now? Back in the day it didn't require this but it has been several years so I figure I woul...
I'd like to know what types of lenders I should go to refi rental property.
My primary residence is a rental.
I'm a freelancer with a mix of W-2s and 1099s and my income varies year to year and especially this year ...
HeyI'm still very new to Hard money lending and I was wondering if anyone can explain to me exactly all the details of hard money lending, when and how to use it, and what is essential for me to know when using it.Any...
Hello! I just finished rehab of a 4BR/2BA property in Sandusky, OH. I'm listing it for sale to see if we can flip it first only because I don't totally love the area to keep as long term rental. However, in the event ...
Hello BP community! We are looking for a bank that will do loans for investment properties with a 30 year loan. We have done business with a Federal Credit Union but they recently informed us that for a home that is...
Hi! Several times in the BP podcasts they talk about putting down a 3.5% down payment. When I run the numbers for a property and enter a 3.5% down payment it adds a mortgage insurance fee. They don't talk about mo...
Hey BP,
Here is my situation, I own a F/C property - value 55-605
I just found a local bank that will give me a HELOC at 4.5% for 10 years at 70% LTV. Another option is to get a portfolio loan with them at 6% for ...