I bought a 575k four plex here in Tempe Az. Its already in great shape but I am spending 50k to rehab further and realize potential value. Right now I have a hard money loan that funded 460 at closing and is holding 5...
Do you tell your lender that you plan on having the seller carry back on deal?
For example, I want to get into a property with a conventional investor loan. I need 25% down, and the loan covers 75%. If I have...
As both an investor and a broker, I’ve worked with a variety of lenders, and while many are solid, some have issues—whether it’s delayed closings, surprise fees, or poor communication.
I’m curious to hear from the co...
I just did my research this week with about 6 possible lenders for a cash-out refi on a rental property and after gathering all the info I could, it looks like the two best options for a loan of around 100k would be e...
I'm glad I found this topic...I'm sure a note guru can give me answers.
I currently do short sales (buy preforeclosures by discounting mortgage) and sometimes the discount doesn't give enough spread for me to buy the...
I'm considering buying my first investment property using a HELOC on my primary residence. I have enough equity in my primary residence to cover about 4-5% of the purchase price of the target property. I was thinking ...
A CMBS loan or Commercial Mortgage-Backed Security loan, also called a Conduit Loan, is a unique method of securing financing for stabilized revenue-generating investment properties. These loans are not as familiar t...
Hello Bigger Pockets!
I have this deal that I'm looking into. It contains a mobile home park, a few Single Family Rentals, and a 6 unit apartment building. The Seller is willing to provide a wrap on the SFR and a 6 u...
I bought an STR late last summer with a partner and have been running it successfully through AirBnB and VRBO since mid-Oct. We bring in about 10k a month. Lending markets have been all over the place, I put a short t...
Good Evening;
Has anyone had luck finding a lender willing to underwrite a heloc for non owner occupied investment property (1-4 units)
Any insight, comments, suggestions, recommendations, etc are much appreciated.
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