Mike Ry
getting a new loan when I have wrap loans on my balance sheet?
I unloaded a couple of rental properties last year via owner finance. I originally bought these with 30 year Fannie Mae mortgages, and the loans I extended to my buyers "wrap around" the Fannie Mae mortgages, which I...
Tracy Howard
New to the Group and to Boot camp
Hello and thank you for allowing me such a great opportunity to be a part of the community and to beginning my first boot camp. I have my license in Kansas, Missouri and Oklahoma and want to do most of my investing l...
Dror Engel
Volume Discount - Lender
What kind of discounts I can expect (and ask) from my lender given I'm going to bring significant amount of business to them? to be specific, I'm talking about 10+ units in one shot. Thanks!
Kyle Mitchell
1031 exchange my SFR's to MF?
Hi everyone,I currently have 9 SFR's in 3 different states and want to sell them as a portfolio and then 1031 them into a small multifamily. Are there brokers out there that can sell off all 9 in a portfolio since th...
Scott W.
Upgrades during tenancy
One thing I've never understood is landlords won't do a thing during a tenant's lease. Then, upon turnover, they go gangbusters.
I try to put in small upgrades once or twice a year. The reason is twofold: 1. I want t...
Tom Walther
Looking the part. How to present myself in the RE investment business
Hello,
I must admit that I have been much of a non conformist most of my life, and I have not really followed the path of prim proper or clean cut. The past few years I have been dressing and grooming better in order...
Anthony Spencer
15% Down DSCR Loan Specifically for STR
Can anyone recommend or underwrite a 15% down DSCR loan based off short term rental income? I'm looking for a 30 yr Am, and someone that can close fast enough to be competitive in a hot market. No prepayment penalty w...
Daniel Dietz
Can a seller carry a second mortgage on the relinkquised property
Hello All, I am new to the concept of 1031s and have a basic questions. I would be the buyer in this case, not the seller.If the seller has a property that say is sold for 250K which he purchased for 150K. He has take...
Corey Philip
What Are Realistic Loan Terms For Industrial Property?
I'm looking into buying multi unit industrial property. What are realistIc loan terms?(I know this is a 'multi family forum but it was the most applicable I could find).Having surfed the forums I see people saying 1...
Megan Burns
Looking to connect to Chicago REI
I am a native of Chicago, but currently living out of state- looking to purchase back in the area within the next year or so, and would love to connect with a "team" who could be my eyes and ears for a potential deal ...