Mark I.
Are there lenders with super low minimum borrowing amounts? <$20k
I can find private and HML sources all day long but the issue I consistently run into is the minimum loan amounts exceed what is needed and the value or purchase price of the properties.Does anyone know of lenders tha...
Eugene C.
20 year mortgage vs 30 year mortgage
Hello All,
I'm new to REI and I am busy negotiating my first deal at the moment. I'm starting small, so it's a single apartment unit, which I plan to rent out and hold indefinitely.
Whilst preparing my ...
Benjamin Larance
My fix and flip became a buy and hold.
My first fix and flip became a buy and hold rental - unexpectedly. The renovation took a month longer than expected. Sales prices for similar homes in my selected area peaked and began to fall before renovations wer...
Jeff Piscioniere
Mortgage originators for lower cost properties
Happy Mother’s Day weekend BiggerPockets family! My partner and I are looking to get our plans underway on buy and hold rental properties and I think a concern is going to be on lenders who have a minimum loan amount...
Gregg Reinbold
Charging yourself rent??
Do I charge myself rent for storage? I am storing equipment in a 40 X 110 foot building on my mixed use commercial property. The building would rent for around $1,500/ month. Do I need to write myself a rent check...
Sean Gallagher
Deciding my next endeavor. SFH vs Multi.
I'm saving up about 300-400k for a down-payment on a small multifamily 10 unit or so. My thought process is the multifamily is the way to go but at the same time I could scoop up sfh's all cash, rehab rent and refina...
Dan Mitkovski
Michigan Flip Property
Im looking to do my first flip. I want to do a live in flip. I was wondering if it is smarter to try and do a cash offer or conventional loan. Can you offer two different options for the seller? Cash offer being signi...
Bryce Matson
Should comps for house with new ADU include other houses w/ADUs?
I'm converting my garage into a Junior ADU and almost done. The main house is a 3 bed 2.5 bath and the JADU is 1 bed 1 bath. The total SF is about 2,000 with the JADU. We also have a lot of solar on the house. The hou...
Matthew Maggy
Can't get cash-out refi on condo, other options?
I have a condo in Reno, NV that I paid cash for in 2010 (before I knew about real estate strategies, etc.) which has more than doubled in value. I want to pull that equity out to put into play a BRRR strategy where I ...
Eric Lee
Interest rate for investment properties
Hi All,I was wondering what the typical spread is between interest rates for a conventional 30 yr loan for a primary residence vs. a rental property? My lender quoted me at 5.375% for rental property loan with 20% do...