Ali MirRasekhian
BRRRR Questions - BP Calculator & Closing costs for Hard Money/Conventional
I have been analyzing and making offers on properties to BRRRR but have been continually getting negative COC and been off on closing costs. I've run numbers through the BP BRRRR calculator on multiple properties lat...
Amol Kulkarni
What to look out for in non-conventional residential real estate?
While browsing listing at some of the websites, I came across Self Storage units, Campgrounds, RV Parks and Mobile Home Parks.Some of these seem to be pretty reasonably priced compared to multi family rentals. I'm won...
Michael Coco
What's a good rate right now for conventional mortgage 30 yr?
I have an approval letter for a conventional 30 year mortgage for an investment property with 15 percent down. I feel like it's a little high, though I know rates are high right now. I'm looking for some comparisons. ...
Maryanne Kichline
Best way to cash out equity on rentals with conventional mortgages?
Hi All
Backstory. I have 2 rentals. Both were mine and my husband's primary homes prior to marriage. We kept them and rented them out. Both have about $100k notes on them. Comps are currently selling for $220-225k. 3...
Timothy Heck
Non-Conventional/Seller financing for condo with existing rent controlled tenant
Hello all,My mother has a condo in a building that is 50-55 yrs old in North Bergen NJ. She wants to sell it but we have an existing tenant who has been there a long time and is over 100 yrs old.A buyer who is intere...
Andrew Campolattano
Will a blanket mortgage allow me to get more conventional loans?
I have 8 rental properties financed through conventional loans and I’m having issues getting more. I’m not sure I want to trade up yet as duplexes and tri’s have been my sweet spot. I want to buy more properties but I...
Syl Rey
Conventional loan on a duplex that needs new roof is needed
Hi everyone, I currently have an offer accepted on a duplex. After a home inspection, I found that one of the roofs needs to be repaired in the next year or so. I’m told the bank won’t finance if the roof needs to be...
Jerry Padilla
Foreign Investors in the USA and Getting Approved For Conventional Financing.
Here are Guidelines for Getting Approved for Financing. I hope you find this helpful, as I get many questions on Foreign Investors and Getting Approved For Conventional Financing. NON-U.S. CITIZENS Social Security Nu...
Burt L.
Is FHA More Lenient About DTI When Using Cosigner Than Conventional?
I will be seeking either a 3% Conventional or 3.5% FHA loan. Credit is at 715-720 (720 is much better) but I will have a high DTI and can obtain a family cosigner with significant income and low debt. My understanding...
Aileen Ouyang
Apple Valley condo, 20% down, conventional 15-year loan at 2.4%
Investment Info:
Townhouse buy & hold investment.
Purchase price: $256,000
Cash invested: $54,000
Apple Valley condo, 20% down, conventional 15-year loan at 2.4%.
Lived there for 2 years before r...