Hi BPers,Looking at a multifamily property (4 units) that needs a considerable amount of repairs (~50k). Does anyone know of a lender that is willing to lend for the repair costs as well as lending for the long term, ...
I’m hoping my story will lead to some great connections here and maybe help a few people in the process. So, here we go..
In 2018 I sat down at my desk to go over my bills, which I was barely making. I had finally la...
I am in the final stages of my first real estate fix and flip project. I have a conventional mortgage note on the property, and to finance some of the construction so far, I have drawn out several personal loans. I ne...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $306,000
Cash invested: $10,500
House-Hack. $2000 fixed rate mortgage and $1200 rent for upper.
Wha...
We’re are in the final day of escrow our lender called us on Monday and said they sent over VOE’s to our jobs and needed us to make sure they were completed so that we could close on Wednesday (today). So we scrambled...
Closing on a property in Wilmington DE soon. Purchase price 45000 and rehab is 50000. My closing costs are 26000. This seems really high to meXCan this amount increase after closing? $81,304.75 NO NO NO12% $836.31Does...
When a lender tells you that the loan fees are paid at closing.....does this mean that the fees are taken out at closing or do I pay the loan fees?
Hey So I finally got some money saved up, I wanted to get some Information if it is worth buying a residential income Property or if I should try to go get a vacant lot loan then try to convert it to a construction lo...
Hello everyone, I am new to BP so I will tell you a little about me first.My father helped me purchase my rental property 5 years ago. I knew real estate was the way to go because my parents had such success, but I wa...
I am in North Carolina and finally found a lender that does investor cashflow loans based off of the property's potential rent. I have 2 other properties that show as a net loss for tax reasons so not having to disclo...