Chance Johnson
One loan to buy multiple properties?
Hello all,I saw on the marketplace a wholesaler (I'd imagine) who would bundle several properties together for 120k. My question is, would an investor be able to use a single conventional mortgage to purchase that pac...
Thadeus Frederick
Hard money strategy for rental property
Hello BP, I am a newbie and am in search of my 1st rental. I had some few idea for acquisition due to the fact I do not have much credit. I was wondering if a hard money lender will find the purchase price, is refinan...
Joseph Leonard
LLC's with a conventional mortgage?
BP community,I'm starting out and am about to close on my first rental property. I'm using conventional financing from a bank. I want to see how it is possible to hold this property in an LLC while still having conven...
Sean Jazdzyk
ISO CPA specializing in 1031 & Foreclosures
In search of a CPA specializing in 1031 Exchanges and Foreclosures. We are in the Atlanta GA area and selling a 14-year old rental property, attempting to roll those proceeds into a tax deferred opportunity, but have ...
Jeff Langley
How to buy with a partner
Hi all, thanks in advance! The problem: My partner and I are purchasing 4 residential income properties. He is taking on the 4 conventional loans because he is bankable, and i am currently not since i got laid off fro...
Thad Purcell
Mortgage loan recommendations
Hello, We are new to the area and are looking to purchase a home in the Austin area. Looking for recommendations on bank/broker/lender for our mortgage, as well as to use in future REI. I have always used local banks/...
Henry Clark
Mentor 1- Deal Size
I’m not your mentor. Don’t ask about specific deals. No financial advice is being given. All REI is local. Deal size. This is t necessarily the first discussion item but it definitely is at the top.Your deal size...
Craig Lubitski
understanding fl foreclosures
There is an upcoming Florida county foreclosure auction that has the following Mortgage/Lien holders:09/04/2012 1st / Trust Deed/Mortgage $145,000 JPMorgan Chase BK Conventional / 20Y ears 06/1/2016 Assignment Specia...
Matthew Metros
Hard Money and then refinancing into a conventional loan
To preface - I am really a new investor.From my understanding, if you want to purchase off-market, oftentimes you are dealing with wholesalers or people who need cash now.Unfortunately, conventional and commercial loa...
Jeremy England
buying costs excessive?
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...