I'm looking to purchase a potential 2 unit apartment building, but trying to figure out financing. I have enough cash for a 20% downpayment, using traditional financing, but I do not want to tie up all my money in thi...
I have a vacation rental property in southern New Jersey that I am looking to pull out equity for upgrades so it can be sold for the highest possible value. Based on the area, with some updates and renovations, the pr...
The title seems pretty self explanatory but I will clarify. I am looking to find financing for a rental property. I don't have the down payment for it, but I have a friend who is willing to loan me the down payment fo...
All I am buying a house with the strategy to resell it to the current tenants... Seller needs immediate money, so I am buying it cash for 100... Retail value 140.
I understand that tenant could not buy it right away ...
Hey BP,
Frustration has mounted the last 6 months not finding my first duplex to reach my goal of 3 in 3 years. Time is money and the longer it takes, the further I set myself back on my goal. I am looking anywhere w...
Hi All!
I hold a traditional mortgage on my 4 unit. Wondering the process of converting my deed to an LLC?
Thanks,
Tom
Between the two scenories, Which one generally offers the better interest rates and lower cost of obtaining the loan when dealing with bank financing? Option 1) Do a cash out refi on a property that is currently paid ...
Based on conversations with a lender that my mom and I have both used in the past, it seems like the norm is that STR income isn't considered in your debt to income ratio when getting a loan. With typical long term re...
Hi my BP friends, please help me with this query. If i decide to buy out of state , should i find a lender locally where i live or it should be from the city or area where the property is located? Also using traditio...
Merry Christmas BP!My favorite Xmas Eve tradition was going to the Christmas party at someone’s house on my mum’s side! Things have changed in the past couple years and we typically stay smaller nowadays, but I have a...