Below is list of preliminary questions I plan to ask various property management companies in my market this week before choosing one to manage my multi-family, value-add property (once I find and close on the deal). ...
When using hard money, how does the down payment work? Given that it's a reno and they seem to lend on ARV, the purchase price of the house is essentially taken care of. Do you then cut a check to the lender at closing?
How can I not renew a lease for a tenant?
The situation:
- Shared housing (as in, it's my house, and I have roommates/tenants)
- Tenant rents out one bedroom, has access to shared living spaces
- Tenant's 1 year lea...
Hi all, first post. I'm currently looking at acquiring a property that has a single family home, and a detached bungalow. The units are occupied, and rent for $750 and $500 each. (market level for my area)My questi...
Hello investors,I was listening to real estate guys podcast the other day and a commercial lender/broker mentioned about a fully amortizing 25, 30, 35 yr term HUD FHA commercial loan product. Anyone knows if such a pr...
For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below ...
Is Syndication still a preferred/popular platform for investors? Has crowdfunding platforms become a more preferred vehicle or are most investors hesitant because of it's technology and still prefer dealing with someo...
I have a tenant who's lease is up at the end of may. He had verbally to me told me that he was going to renew and be month to month about 2 weeks ago. Last week he told me that he was moving out yesterday. He's all go...
To date all my loans have been conventional loans using a mortgage broker. I have heard this term (portfolio loan) on BP but not quite sure how it differs from other loan types. Is the interest rate the same? Qualifi...
Hi everyone, I'm reaching out to see what loan options there are for a commercial unit with single family residence on it. My plan is to buy, rehab and refi to pay back the loan with interest and sell my current house...