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I currently have separate 20 year commercial loans for each of my rental properties that I recently refinanced. I’m looking to purchase another rental property- I’m looking at a duplex and also a triplex - and am wond...
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Anyone know of any good lenders who will finance rental properties at less than 20% down?
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around 60 units in Midwest. current 50% occupancy --- gross income: $500K expenses: $210K -- price around $750KIs it an OK deal?For buyer, what type and term of loan to get ? how much down payment needed? 25%?
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Hi Everyone,
The mortgage guy I've worked with on two primary residence purchases is saying Fannie requires 25% down for an investment property. And the lender wants to see 3-6 months reserves which is understandable...
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I was expecting to receive quotes around 9% but I received 2 quotes yesterday from small local banks - one at 5-5.5% and another at 4.5%. Both amortized over 20...balloon payment in year 15. Are these the norm?
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What bank have you used for rental heloc?
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If you were looking to buy a foreclosure property and you are going to do bank financing, would it make any sense to do the financing from the bank that holds the foreclosure. I wonder if the bank would give you a bet...
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Just curious about the banks in the Nashville area that provide in-house or portfolio lending. I've talked to Franklin Synergy and they do some construction lending, any others that people have used for bank lending?
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Hello,I'm new to the forum and real estate investing. I have a pretty decent off market deal right now that's currently in probate. It is a condo and the purchase price is $80,000. The ARV is $120,000-$130,000 with r...
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Hello all. I am interested about the pro's and cons of owner financing, rather than 20% investment traditional bank financing. I understand that owner financing can be more flexible as long as the seller is willing to...