I am invested in the single family space but looking to expand into 5+ unit properties. My questions are around the loan terms. Here’s an example of a property I’m looking at: $600K list price with 6 units. With comme...
This is not intended to be a rant of the complaining sorts. However, from the this post I hope that someone may gain some value out of my situation. Short story long....In the process of completing the process to get ...
Hi there,I am currently self-employed almost 8 mos now which presents some problems in qualifying for a mortgage loan. I have the down payment. I have a property manager who has managed my other home for 5 years now. ...
Investment Info:
Townhouse other investment.
Purchase price: $590,000
Cash invested: $200,000
This new-construction home offers an open-concept floor plan with 9' ceilings on first floor. The stylish...
So here's my issue: I have not done a 1031, but we have buy and hold property (single family) that we would like to sell, thanks to solid appreciation, a bit down the line. The goal would be to use those proceeds to b...
I want to a buy a 2-4 for unit property. 1 to 4 units falls under a residential loan. I spoke to a lender and they were very rigid in their requirements. I keep reading 5> unit properties are commercial loans. This...
Hello and good afternoon BP, I am looking at purchasing a multifamily(2-4) for my first investment in real estate. I hope to purchase one by the end of this year as a long term hold rental unit. I am unsure about what...
Im working with a client who has a very large industrial building and wants to rent out a portion. However, he also has overhead cranes, mobile cranes, and equipment for welding, and moving of heavy equipment.Essentia...
Hello everyone im a newbie just getting started. Or trying to get started. Im trying to find ways to fund some of my deals I want to do. I bought a house that was a fixer upper and have about $66,000 in equity. I rece...
With the interest rates on the raise, would it be better to stop flipping and change to buy and hold strategy?