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Hello all,I have come across a situation that hopefully you may be able to help. I am in the process of closing on a property but unfortunately my personal credit was hit and now in order for the closing to happen I w...
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Hi,My friend and I are starting an LLC for real estate investing. We have seed money, but I'm unclear how bank lending to an LLC works. Does a lender look at the business plan for a particular property to decide wheth...
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Good morning all and I hope this thread finds you all well. To start off, my business partner and I are new to investment properties and I have a few questions about loans. We have started a separate LLC for this new ...
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I received some advise from my banker today. I though I'll share it here and maybe get some feedback. I have asked him what cap rate to use when putting offers in on 5+ units multifamily in the Cape Coral, Fort Myer...
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Hello!
What do you find separates good Mortgage Brokers, from great Mortgage Brokers?
What's the difference between good & great communication?
Good & Great service?
I'm curious to see what the bro...
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I contacted my bank to have them begin a preapproval for a conventional loan. I told them that I was going to keep my current home and buy a duplex as an investment property. I was informed that the MIP/PMI companies ...
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I have put together a list of 15 smaller banks in my area (Kern County, CA) that I think could be portfolio lenders. My plan is to work my way through the list and try to find a bank that is a good fit for me. If anyo...
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So we have EVERYTHING ready to go on this 4-plex fixer upper I'm buying in Pasadena (yes, the one with the large lady). I can't tell you how many hoops I've jumped through to get to this point (a different story for ...
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May I know if anyone knows of a reliable mortgage broker or banker in Jersey City area? I guess for no fee mortage broker, the closing cost is usually higher because the bank needs to pay the broker right? Thanks g...
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I receive many pricing guidance requests for Freddie & Fannie Multifamily loans, so I figured I can shed some light on how I as a banker price loans. This will largely be focused on how agencies look at pricing bu...