David Avetisyan
Question: How Much Reserve is Necessary to Qualify for a Loan?
I have a few existing investment properties - all conventional loans. The new purchase would be a commercial loan.Per guidelines, what is the minimum reserve needed on my existing properties, and the subject property ...
Dan Green
General DSCR Loan Information
Hey everyone. Looking for a general understanding of how DSCR Loans work. I understand that ratio generally needs to be around 1.2, but what's the percentage of an average down payment on one I should expect to pay? H...
Chad Day
Financing an 8 Unit Apartment Building
An 8 unit apartment building recently came on the market in my town for 250k. The monthly rent totals $3600. I figure it would cashflow about $1500 a month. I ran it through the buy and hold calculator and the numb...
Koel Gaylord
usbank say "no" to deed transfer.
I bought a duplex in 2010 in my personal name, however, in 2012 I formed an LLC and last week I called my bank to let them know that I plan to transfer the my personal name from the deed into my company LLC
The bank...
Christian Rafael Gongora
2nd SFH using the VA assumable loan
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $245,000
Cash invested: $15,000
Contributors:
Keith Andrews
6802 Sabinal was my second purchase. Th...
Kay Brown
Is HIS Capital a scam?
Hi,I’ve done a few hard money deals and I’ve been trying to cash out refinance a rental that’s just about finished. The home is only worth about 85K so I’ve had a hard time finding a lender willing to work with smalle...
Joe Calderon
Section 8 RESPA: "Anyone"?
"Section 8 of RESPA prohibits anyone from giving or accepting a fee, kickback or anything of value in exchange for referrals of settlement service business involving a federally related mortgage loan. In addition, RES...
John Homich
Owner Financing - First Time Advice
I'm looking at a portfolio of properties owned by one person who is looking to sell. They range from 4 - 6 units. He is offering owner financing. This all preliminary as I don't have any additional information u...
Seth Roland
Advice on Getting a Lender/Financing
Hello all,
I'm just starting out on this journey. I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months. I want to narrow in on using the BRRRR strategy, but tu...
Mitch Messer
Mortgage Rates at All-Time Lows. So, Why Can't You Get a Loan??
If you are currently applying for a mortgage or HELOC, or are involved in a purchase transaction where someone is getting bank financing, or if you just want to understand how the mortgage lending ecosystem really ope...