Jaran Ramsey
Lender advised he cant close under an LLC
I have a property up under contract In Cleveland, OhIo and my lender advised that he can’t close under the LLC and I probably would need a commercial loan? Is that true? Are commercial loans better than conventional l...
Mike H.
Buying additional investment real estate w/ loan
I own multiple rental properties and now interested to aquire another piece. Bank just told me that I might require to pay up to 30% of downpayment because I own multiple properties. How does everyone do their fina...
Nathan Harden
Fannie and Freddie new Cash out Refi Rules
Hey BP community!With Fannie and Freddie proposing that the new cash out refi period going from 6 months to 12 months, I am curious to hear how everyone plans to continue to BRRRR with this happening? Are Hard money/P...
Lue C.
Residential multi-units vs Commercial multi-units
Newbie here at BP... I've been listening to past podcasts and am interested in learning more about multifamily/multi units. I heard that a property more than 4 units is considered commercial property and financing b...
William Shadbolt
Buying a FNM property with a tenant
I've put in an offer for a 4plex that is owned by Fannie Mae. One unit still has a tenant, who I've spoken to when I was viewing the property. The offer was written up with the condition that the existing tenant mus...
Michael Dunn
HUD ..... Buying as an Investor and % off of Listed price ???
I just wanted to put forth and ask those familiar with HUD , if you can purchase the properties listed on HudHomeStore as an Investor ( or has HUD too, done away with allowing the purchase of the properties as an Inve...
Dave Myers
Is contract at risk??
Hi fellow BPers!I have an interesting question about Purchase/Sale agreement dates.I have my home for sale and the buyer (electronically) signed the agreement on April 15th and then sent it to me. I ALSO signed it on...
Rasheed Hope
REO PROPERTIES IN SOUTH FLORIDA
Is it just me or are entities like Fannie Mae and HUD listing there assets at market value more frequently nowadays?I constantly see homes that are bank owned listed at market value even when we give a BPO for less du...
Lynzy Bailey
Personal purchase turned investment
Investment Info:
Townhouse buy & hold investment in Phoenix.
Purchase price: $29,900
Cash invested: $10,000
I bought this townhome originally to live in myself. It needed significant cosmetic reh...
Christian Malesic
Secrets for Freddie Mac
Through experience, does anyone have any ‘secrets’ or ‘tricks of the trade’ they are willing to share with making offers to Freddie Mac (HomeSteps)?
I am particularly interested in the amount of earnest money (good f...