Kevin Greer
Assumable Acquisition with a pre-payment penalty
An associate of mine has a deal on the table and I would like to get your opinion. It is an acquisition of a 400+ unit complex. The mortgage is a Fannie Mae assumable mortgage. There is a pre-payment penalty on the mo...
Devin Bost
Subject-to existing financing after notice of default
I'm trying to figure out what options I have with buying properties after the seller has received a notice of default. I've heard some investors have success with buying properties subject-to existing financing, but I...
Amir Bekhit
Insurance for vacation rental/primary residence hybrid
Hello All,I'm in the process of buying a primary residence. I am also considering renting out part of the residence through airbnb. My question is about how to correctly navigate homeowner's insurance. I am currently ...
Shivi Thanapal
first time 5-plex financing
Hello,
We are under contracts for 500K 5-plex property in Louisville. This is our first time with above 4 -plex properties. I am looking for financing this deal through commercial mortgage lenders but with proper le...
Roupnel Pierre
Location
Good morning BP,
I wanted to know what would be a good upcoming area to buy and hold a property. My target market is young professionals who recently graduated. I currently live in Massachusetts. The areas that are ...
Nick Bandiera
Loan Assumption Strategy
Hello everyone,
I have a friend who recently purchased a house in the Columbus area but is now looking to sell his condo located 15 miles north of his new residence. Due to his job and having a newborn baby, he is no...
Ben Corby
I messed up buying a property at tax sale in PA
Hello everyone, this is my first time posting on BP. A little about me, I have been investing in RE for about 11-12 years now. I have 22 rental units, mix of SFH and multis. I have done a bunch of flip properties.I...
Arcinio Arauz
B of A HELOC
Hello all,Say I have a house (inherited). I conduct a title search to find a possible lien from B of A for a HELOC. The HELOC hasn't been paid since 2011. It's now 2016 (as you know). I transfer title into my name, th...
Michael Keane
Can I use a mortgage to purchase a BRRRR property?
Can I use a mortgage to make the initial purchase of a BRRRR property or must I purchase the property with cash to make the strategy work properly?
Alicia Marks
JV agreement signed- accountant says I can't use for taxes
I have several properties I did a JV agreement on with someone while we were feeling each other out. We have since formed a joint LLC, and properties we held were moved to it at refinance. The issue is at initial purc...