Jabari Seabrook
"Self-Employed in Charleston, SC: DSCR Loans for New Construction on a Triplex
BP Community,
In this blog post, I'd like to discuss my situation as a self-employed individual seeking financing for a new construction project on a triplex in Charleston, SC. Despite having a credit score over 70...
John Zoulis
MULTIFAMILY COST FEEDBACK NEEDED
Hello BP Team. I am looking at a project that is a historic building that sits in an Acre and is 8700sf . very walkable to lots of amenities,restaurants,grocery, schools, government offices e t c.in the past i have ...
Anthony De La Rosa
Contract, screening for renting rooms
Hello BP, I'm in the process of purchasing my first property. I plan on house hacking this single family home by renting out the extra rooms. I'm looking for a contract and a decent screening process. Can anyone poin...
Erik Dofelmier
Prescreening Prior to Showing & Still Nothing
We recently placed a duplex up for rent on Zillow, FB Marketplace, etc and on the description I clearly have the minimum requirements listed (600 credit score, 3x rent etc). When prospective tenants reach out, I then...
Dan Dares TM
Sponsor / Key Principle
Question..... Does anybody know if a bank will qualify a sponsor that has the net worth but does not have a schedule of real estate? I'm wondering if I could use a family member with a high net worth on my larger mul...
Sean Maloney
Other and best ways to use built up equity In properties that are free and clear
I have several free and clear properties. Besides HELOC or lines of credit are there any ways people are using built up equity to secure their deals? I have heard of a way to tie a property with equity to others to sa...
Slater Pope
Refinancing for an inherited townhouse
So I’ve found myself in a bit of a unique situation. I recently inherited a fully paid off 2bd, 2bth townhouse estimated price is $140,000 in a decent location right outside of Albuquerque, NM renting for $800/month. ...
Jeremy Kuchenbecker
FHA Loan Under Appraised
I'm in the process of selling my primary residence and just went under contract. The buyer is doing a 3.5% FHA loan. Based on comps in the area were probably going to be about 10k off on the appraisal which is going t...
David Litzau
Mortgage Fees Insight
Being new to real estate investment I am looking for feedback on what fees should I expect to pay for a buy and hold investment property and what fees are negotiable?
Account Closed
Opening HELOC on Parent's LA Home, My Name Not on Title
Hey BP, making my first post here!I'm looking to open a HELOC on my parents home here in Los Angeles, and use the money to fund rehabs to make their property rent ready. Currently my parent's home is my primary reside...