I am looking to offer on a multi family property. Currently the owner pays electric for each unit (10 total). Each unit is separately metered and I would like to get them to pay for electric themselves. Looking for ad...
I own a property that I bought for $55,000 in cash and put another $25,000 into fixing up. I believe it will appraise between $90,000 - $100,000. I bought it outright and don't owe any money on it. I would like to get...
BP, any info on conventional lending limits? Spoke with a few banks and they were at min $50K, some properties I look at are $60-100K but at the lowest end with 20% down I fall below $50K and banks say to low to fina...
I would love to hear from anyone who has used Finance of America within the last few months.I know their reputation is terrible, you don’t have to tell me that, I’ve read about it.What I’m specifically looking for is ...
Hi all,
Can you guys give me a better idea on these types of loans and how they work. Is it possible to get DSCR loans as a group? I want to try to invest with family members but want to get better informed before m...
Have trouble refinancing a property appraised lower then expect at 65k can’t seem to find a lender who will touch it I don’t have a mortgage currently on the property. Need the cash to brrr this is my first rental pr...
Hey BP community!My friend is in this situation, wanted me to ask the forums about it:When my parents bought a house many years ago, they made me co-sign because my credit score was higher than theirs. Ethics of this ...
Hi all
I'm about to rehab my next rental. It's lower income than the one I currently have. I want to make the floors as tenant proof as possible. Has anyone tried using industrial vinyl tile flooring? It actually look...
For most loans with multiple borrowers, Fannie Mae will no longer use the representative ( = lower) credit score to confirm mortgage loans comply with their minimum 620 credit score requirement. For these loans, Fanni...
Will be starting my BRRRR journey soon and wondering how multiple refi's have affected credit scores for those of you that have done it. Currently have an 800 score and will be operating with an LLC. I understand that...