Evan Greenstein
Short Term Supplemental Loan Advice
Hello,I’m over budget on a project and I’m looking into a short term loan situation. Basically, I had a contractor squander some money and now am in need of $20k to $40k in order to finish the project. There is alre...
Tom Bryan
advice on refiing HI condos with low owner occupancy
I have Hawaiian condo which is a short term rental and the owner occupancy rate is less than 30%. I have been told that the low owner occupancy rate makes it not possible to get a good interest rate. Does anyone kno...
Jerad McIntyre
Refinance Now? End of 5th Year of 5 Year Arm
My current loan situation. Currently at 2.75% interest rate. 5/1 Arm with 2% cap per year and 5% cap total. First change date is Oct 1, 2021. My rate will then adjust by adding 2.250 to the 1 year LIBOR index (Today t...
Eric Knittel
Private money between friends
Hi everyone,I am interested in borrowing money from friends and family to buy more real estate. I have used hard money in the past and I am trying to see if I can eliminate some of the costs associated with the HM len...
Andrew Merritt
What Type of Loan for Two Buildings in One Transaction?
I'm looking at two separate deals in which multiple buildings (w/ multiple TMS numbers) would be sold under one purchase price. One deal is a quadruplex and a duplex, the other is two quadruplexes and a duplex. I've...
Alec McGinn
Hard money lending deals
Hello BP,
I’m looking into buying multi family properties in my area. I am considering using a hard money lender for buying properties. Can you guys describe to me what a win-win deal looks like for a real estate inv...
Account Closed
Sell & pay off car w/ CC's or just pay down loan...
OK, as I prepare my credit, DTI, and savings for a multifamily purchase, I would like advice on my current car loan situation. This would obviously significantly lower my DTI ratio, however would temporarily lower my ...
Jesse Inman
Turning owned residential into a rental- 'cash out' to buy new ho
The situation:
My current home is 100% paid off. I plan on taking 30% of the value "cash out" to help with my down payment on a new residence (upgrade home) to keep me out of a 'jumbo loan' situation as well as be a...
Sean Julian
Newbie here from NE Houston
Hello all...newbie here and thanks for having me!I am meeting with my realtor and a contractor on a foreclosure. The realtor isn’t excited about this property (foreclosures and fixer uppers in general) but she’s bein...
Vance Van Krieken
Refinance a traditional mortgage into a commercial loan
Topic:Is it possible to refinance out of a VA loan, traditional mortgage, and personal loan into a commercial loan? Situation: I am in the process of a deal that includes two separate but identical triplexes that are ...