Jason Becher
having problems finding a mortgage
Is there anyway to get a NOO mortgage with stated income for a property valued under $40,000?
I recently purchased a tri-plex for cash for $28,000 and wanted to get a mortgage on it. My parents offered to cosign thi...
Derek McGillicuddy
Cash Flow/ Tenant questions
Looking for some advice from fellow BP er's. I bought my first rental looking to see what cash flow should be on a single family home. Put down (25 percent) on 89k for the investment property. Id prefer to have someon...
Jarrod Spurgeon
B.R.R.R.R. First Rental
Question: Say there's a house that has 2 units in it. They rent for $700 each. On the market for 90k. I think it needs approx. 15k in repairs. 90-15=75k. I offer 65k and they take it. So 65k+15k(repairs)+3k(closing)= ...
Grant Smith
Increasing appraisal for a HELOC
So I have been living in my primary residence for about 6 months now and have been trying to find creative ways to increase my cash for more investments without having much of a track record in the investing world. I ...
Rachel Kokosenski
Help me understand depreciation for a 1031 Exchange
Hi. I'm contemplating doing a 1031 exchange on an SFR and using the proceeds to buy a vacation condo that I will do STR's on for at least 3/4 of the year. I do intend to use the property for a few weeks of the year my...
Porsche Thompson
What Would the Best Loan Be for a 25k property?
Hey BP, I was interested in getting my foot in the door with a small SFH in the Fayetteville area (NC). The property is about 25k and I have very little money down, about 3% saved up so far. Is it possible to finance ...
Joel Zawko
Looking for Financing for 13 Unit building in Chicago
Hello BiggerPockets,I am looking for financing a rental property in the Chicago area. Having trouble finding lenders who do deals for large multi-units. I have excellent credit and 25% down is not an issue. Anyone hav...
Bryan Pham
Operating rentals under a LLC
Hello BP,I have some questions regarding operating multiple rentals under a LLC. I am trying to move my rentals under my LLC, when I do that do I have the payments be directly to my LLC? If so, how would I access the ...
Jason Velie
Seller Financed 16-unit with only 8% Down!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $950,000
Cash invested: $80,000
16 Unit property in Randleman, NC. This is the first deal that I partnered wi...
Ryan Johnson
Paid cash for a house, looking to mortgage now
I bought a house with cash from pulling a heloc on my home, off market, unappraised (deal was a no brainer in a great part of town.) My original plan was to update and flip it , pay off the heloc and use the profits t...