I am buying my first rental all cash for 45k and am wondering how I can go about getting the cash back? I am running into a few problems that the banks are having with Non owner occupied properties.
The loan officers...
Good morning,I've been trying to find my way forward with purchases in Denver that are great buy-and-hold candidates in a rapidly appreciating environment. Duplexes, 4plexes, and traditional income properties are thro...
I have started purchasing a few investment properties and have an LLC. Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ...
Hi,I bought a home on a commercial renovation loan structured as follows. Before construction, the home was appraised for $80,000, and after-complete the appraisal value is $120,000. The lender was supposed to disburs...
Does anyone out there know if there is a DSCR loan that has its repayment amount based on cash flow of the property? I am talking about something like ARM loan, but instead of having floating interest rate pegged o...
Local credit union rate for cash out refi is 3.875% 5 year arm (65% LTV) with .75% points. Can I do better? Appreciate any feed back.
I just finished a successful BRRRR and refinanced the property at 65% of the appraisal. I have done this on a chunk of my properties and some are financed even lower than 65%. My bank would allow me to refinance up to...
Hi,
even though I really didn't want to, in the end I had to accept a condition of the seller to have adjustable rate on the seller's financing. There is a 4 year balloon, so I just hope that the interest rates won't...
I am new to BP and I am interested in starting off flipping houses. I am still a while seats from feeling secure enough to jump in so here's a question I have. Which loan would you recommend or do you use for a fir...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $10,000
My First home! I bought this house when i was 23, and the first night i owned it, i...