Joseph Harwell
Fay Mortgage Services .... anyone used them for LLC Purchaes?
I received an email from Realty Bid which I bid though some times about Fay Services. I copied and pasted part of the add below. I just thought a 30 year fixed with 15% down, no income or Employment ver. was wild. The...
Antonio Bodley
Can individual investors use Transactional Funding?
I was looking around for low cost transactional funding companies. I noticed when requesting proof of funds a lot of them ask and some even require business contact information. I don't own a business. Does this disqu...
Ron Biggs
Need lender for Tenant Buyer
I have 2 tenant buyers in the Richmond VA. area that I would like to help get a mortgage so they can go from tenant to owner. Both have credit scores that are not great at around 600 but have good jobs and incomes.Any...
Andria Kobylinski
Boutique Hotel Investing - Financing
Like many in the STR community we has switched our target from STRs to Boutique Hotel investing. We have honed in on a great property with tons on potential here in Richmond, VA. As expected the banks I've talked to t...
Jake Andronico
Has anyone successfully assumed an FHA or VA loan?
With interest rates continuing to make headlines, assuming an FHA or a VA loan at potentially sub 3% is increasingly attractive. I've set up search parameters in MLS to be able to see these pop up in Northern Nevada a...
Jon Mccarthy
Ground Floor
Has anyone ever heard of the website groundfloor? I am very interested in this site. It almost sounds to good to be true type of thing. Please if anyone has any info on it please let me know.
Jordan Epping
Refinancing and Hard Money
Forgive me if I am missing something simple here. But thinking about the BRRRR process. I am no longer eligible for traditional bank financing, so I am working on securing hard money for my next property. If my goal i...
K W
Residential or Commercial Loan?
When I spoke to a lender about purchasing a 4plex, they told me that was considered a residential loan, but any more units would make it a commercial loan.
We are looking at a 6-unit property. Would that be a commerc...
Brendan Merrill
Debt to income issues
Hello all,
I am currently 22 years old serving the next 3 years in San Diego on Active Duty orders. I am looking to buy an investment property (preferrably a 4 plex) somewhere out in the midwest while still living i...
Ashley K. Butler
Loan App Process and Networking
Hey BP Community!So, I am currently going thru the loan app process and my "pre-approval" loan amount is looking at about $100K, which I know is tough but not impossible to navigate for initial home purchases.I am a s...