Abdul Jami
Lending Criteria for new buyers
Write your postHello all,I'm new to this forum as well as investing and I'm hoping that you may be able to provide me with some anwers . With a multi family property (3 units or more ) do lenders only consider the tra...
Gregory Schwartz
Apartment policy not to provide rental history
We are in the process of screening a tenant which of course includes verifying rental history. We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the ...
Paul Winka
Property managers using "tenant-friendly" lease forms. What to do?
I need some advice with property management companies and their standard practice of using what I consider “tenant-friendly” lease forms. These lease forms are boilerplate and typically are created by the state’s real...
Peter Lee
Self storage financing terms these days?
Anyone have an idea of what conventional financing terms (rates, term, LTV) are available these days for refis? We have a facility in Southern Cal that we are looking to refi out our SBA tranche (long story on why we...
Peter Ricca
BRRRR or Flip on first deal? Best way to fund 2nd deal
Ok BP I’m house hacking currenty in NJ and now ready to buy my first out of market in Ohio (partnering w my brother who lives in market).Found a SF house in a rapidly appreciating neighborhood for $60,000. Needs about...
Kumar Suppiah
The one digital tool/ software that you wished for…
Hey Fellow BP’ers,I’m passionate about US REI and want to get involved in private lending. Other than just loan out my money, I’m looking to build a business around it that could help my fellow lenders. My background ...
Tarcizio Goncalves
Stessa vs the competition
Hi everyone,
So I just purchased 2 properties and it is part of a portfolio loan. Its 2 properties in 1 single loan. I use Stessa only for the tracking feature (transactions). I have no need for the rent collection ...
Tom B
Buying an office condo
Hi Group,
This will be my first time buying a commercial office building. It's a small office condo less than 1000 sq ft. The price is right for me. There will be a small bank loan.
My question is th...
David Martin
Bank said I need assets to qualify for Mortgage...
I've applied for a sub40K mortgage and my credit union is asking for a list of assets available such as a retirement account or accounts with other financial institutions. They have hinted that they may not be able t...
Brent Langlois
Overcome Debt to Income (DTI) Ratio
I'm looking to acquire my second rental property and I'd like to use conventional financing, however it's looking like I'm going to hit a road block with a high DTI. Curios to hear how investors have overcome their hi...