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What does a lender typically require in terms of issuing a mortgage loan to a newer LLC for its first property purchase? if it matters, this would be for state of Nevada or Arizona.Thank you
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Hello everyone! I am looking into possibly getting a property that is over 100 years old but I have some big question before I do that. Taking a look at the building it seems like nearly all of the windows need to be ...
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Good Morning! I found a solid investment property as a newbie to this and was researching current interest rates in Florida on investment properties. All above 5%. Looking to put as little as possible down with great ...
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I am looking to buy a three family in Newburgh NY in the Hudson Valley. I am looking at one in particular in which the current taxes are about $4,000 (based on an assessment of ~$105,000). The home sold as a foreclosu...
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So, I have seen a lot of posts referencing the development and implementation of systems to make owning and managing their rentals either on a smaller or larger scale. I was just wondering what specific systems people...
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Hey there,I'm a soon-to-be new investor in Baltimore, MD. Originally I joined BP in January thinking I was going to learn about small multi-families and then house hack in 2-3 years. Well, circumstances changed and mo...
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Question #1: Is the lender using Air DNA projections?
For scenarios in which there are no historical STR bookings, certain lenders can give credit to the property’s rental income
potential through utilizing and unde...
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I've just been preapproved for another SFR conventional loan (my 3rd, all with the same lender). The quoted preapproval is 5.750% with and approximate APR of 6.200%. I'm not too impressed with this, my previous loan...
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I'm trying to find financing for a 2-4 unit house hack and I seem to keep getting the same answer back from lenders - to come back when I have at least 10% of the purchase price. I was hoping to put 3.5% or, at most, ...
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Hello everyone,My client is trying to buy a house in Texas and has a good job with a fico score of 585. What bank or mortgage company can finance her for a home, she would not qualify as a first time buyer and a hard ...