Hello,Recent loan estimates from my mortgage broker are now showing additional points from Fannie Mae/Freddie Mac for investment properties. I'm told it's a new policy of FNMA/FRE for investment properties with less t...
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...
I am deployed right now but doing my best to learn and save my pennies. I would ask the veterans out there, is 50k cash enough to make a good start with? Thank you all and hope to grow and be an asset in the future. J...
Hello BP,I’m a novice investor looking to become more active in growing my portfolio. So far, I have one rental and a primary. My purpose for starting this post is to get some advice on funding my next deal, which wil...
Hi All,I've been looking around for hard money lenders in Indianapolis and am not doing too well. Any recommendations? As an fyi, I don't have a property yet; this is primarily to set myself up for doing deals beginni...
I am considering a 30 unit apartment complex and wonder if I should look at a traditional 30 yr mortgage or if I should get a commercial loan since this kinda pushes the bounds of side hustle to full on business. I h...
I need a recomandation for a bank that provide loans for multi family property. I am starting as an investor and started looking for deals on multi family 2 - 3 units in the San Fernando Valley in California.
I am interested in starting a discussion about what folks who have provided private loans have learned. To start it off here are my observations.
1. The borrowers are not always that smart. They will do dumb things r...
I'm currently on the lookout for local banks or credit unions that specialize in offering portfolio or bundle loans for investment properties. Specifically, I'm interested in pursuing a cash-out refinance to leverage ...
Hypothetically, let’s say a traditional real estate investor will get a loan from a local lender for 4%. But they have a someonr who could potentially offer them a loan for a lower %. Assuming that that person who was...