Brian Ronning
Financing a single family home for a rental
I have a single family home under contract that would cashflow really well with a 30 year note, and the market interest rates, but unfortunately my local Credit Union is saying because it will be a rental that I will ...
Shelby McKean
Starting out with 2 primary residences
My husband and I live in two different cities with 2 houses. One has a low interest rate loan and the other does not. If I am starting out as a real estate investor interested in being a rental landlord (still worki...
Laith Al-Tamimi
Cash Out refi
Hey fellow investors!My partner and I bought and rehabbed a house w our cash and now looking to pull our cash out. What banks do you guys like for this method? What are the rates if you’ve done one recently? Is “DSCR”...
Peter Eberhardt
To refi or not refi 60 days after purchase
So, to humor myself today I opened one of those common mailer advertisements to see what crazy low rate they wanted to push me on my condo for. To my surprise it was actually for a 4plex that I just purchased less the...
Vikas Panwar
Buying investment property through Heloc or conversational loan?
Hello everyone,Have built line of credit on my primary house. Though I haven’t open any Heloc account yet but I will. I am planning to buy a rental property upto 200k.have two options1- Borrow 75% amount through Helo...
Tim Braun
Bought first fixer upper with HML, considering refinancing with DSCR loan
Hello all, I just closed on my first fixer upper single family home last week and am planning exit strategy B. Strategy A has been to sell this house when its finished then invest in a rental in a "better" location - ...
Mitchell Fuselier
Commercial Loan Options - What would you do?
Long time reader, second-time poster (I think)I’m under contract on a small multifamily (6 units) and am comparing loan options. For background, this is a stable, performing property with a plan to buy and hold for as...
Frank J.
Renewal Options/Extensions
I am in negotiations with for a 5 year lease. There is an additional proposal by the tenant for two 5 year options. This is typical and something we have dealt with before. I just wanted to see how others handle the r...
Maurice Smith
Is a cash out refinance my only option to tap into equity on a non owner occ 4 plex?
Hey Bp Family,It has been a while since I posted on here. Im in need of some advice. Im looking to roll some equity into a another multi family investment property, and also pay off some personal debts. Let me give yo...
Jim Given
Conventional, DSCR or Creative Finance, what would you do??
Hello BP folks! My wife and I were just told abt a property that has come on the market. Love to get your thoughts. It is a 3/1 with a 1/1 ADU . The 3/1 is fully rented for $2900, with a lease just signed and the ...