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Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction. I am assuming the house would need to be complete and closed on within the 180 days, but I figured I woul...
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We purchase a single family home to fix and flip it. we initially started down the road of using a hardmoney lender and we were told we needed to put the home into the business name to use the hard money lenders serv...
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Hello BP community. Getting financing is one of the biggest challenges new investors face. I am noticing that most lending companies will only lend on 4 units and not 5 nuits or larger. Anything greater than 4 units ...
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Hi everyone!
I’m new to the BiggerPockets community and thrilled to be here! I’m a lender focused on real estate investments, and I'm eager to connect with investors of all experience levels.
I’d love to hear about ...
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I bought my first home with an FHA loan. It was a modest 157k house, but I only make about 43k a year, plus I have about 26k in student loans and a 14k car loan, so my DTI is pretty tapped (I'm undoing and re-educated...
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5.25mil-ish48 units83% occupancy for 2024. Rents are well below market value currently. I am new to this multifamily/commercial side of things. I was offered LTV of 54%, 6% rate from a commercial lending institution b...
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I am brand new to investing but I'm very excited to get started one day soon!
Before that though I need to secure my primary residence and savings. My spouse and I recently sold our home and profited $118k. We found ...
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Will a bank lend to someone with low credit for a duplex that cash flows? I can come up with the 20% down but that means not paying down my debt and therefore continuing to have credit in the low 600s. Any creative su...
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I am seeking to get a few strategy ideas for refinancing a 6 unit apartment building, in Pittsburgh, Pa, that I own free and clear. I bought the building 6 months ago and at the time it was 50% occupied and the rent...
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I'm looking to buy my first commercial property. It's two small lots, one with a building currently renting and one with a currently rented parking lot. I'm having a hard time getting answers from lenders on what ty...