April A.
Can I Buy & Hold using Hard Money???
Is it possible to refinance as an exit strategy from hard money loan?
My strategy is to buy & hold as I'm more comfortable managing property. My yearly income & my credit is pretty good.
What do I need to be...
Peter Padalino
Buying multiple buy and holds
I've been on BP for several months now and have read books and listened to every podcast I can get my ears on... But somehow I feel like I've missed something pretty basic. I'd like to get started with the goal of buy...
Wenliang Fu
Have question regarding covid-19 in Ohio, relief package?
Hello,
Long time reader and first time poster, first I'd like to Thank everyone for reading.
Im a small time landlord in the Ohio area, with the governor issuing new closures everyday and recommending social di...
Ryan Lebsock
Compliance Compliance Compliance
I have recently researched Lonnie styled mobile home investing extensively.
Lonnie doesn't cover many of the issues which I have come across in any of his books.
All of these are issues are subject to the state o...
Steven Waldman
Rental Property 85% LTV
Does anyone out there know of a bank/lender that lends at 85% LTV on non-owner occupied small multifamily (2 units) rental properties in New York?
Jose Petitfrere
My goal is to maximize cash flow, what are the best loan terms?
Hey BP buddies, im 22, and Im poised to purchase this property in Tallahassee; my mentor always told me if you want to focus on scaling and maximize cash flow, your mortgage term should be interest-only payments and n...
Panayiotis Spanos
Self Employed - Finding financing in an expensive market
To set the stage, I’m self employed with an over 800 credit score. Between my wife and I, our only loan is for our car. We have about $60k saved up in just a couple years and a $100k in a committed gift from family t...
Dale Carlson
Tried to BRRR and got stuck
just a little background. I have a nice triplex that NETS $833/month (and yes, that is after ALL expenses, capex, etc). I have a total of $42,000 cash into it. I have only owned it for 6 months. I bought it empty,...
Samuel S.
Should I be worried about recourse loans if I have PMI?
Hey BP Folks,So I am just trying to understand why I've seen so much debate on why some people would rather get a non recourse loan vs a recourse loan...Especially when non-RC are worse terms, higher rates/fees etc..A...
Tom Jacobs
Hardship Withdrawal Merrill Lynch
I have been planning to use my 401k to use as a down payment on a home. I have been checking up until this month to see what is available for withdrawal. each month I checked the full amount was available. I just put ...