Hi BP! I have 2 deals under my belt and have a plan to obtain a 3rd. I've been sending a lot of documentation to my bank as I go through the process of obtaining a HELOC on one of my properties. I'd like to be better ...
I'm trying to negotiate on an 8 plex. Sellers have rejected previous offers below asking, so I offered asking price with seller to carry a note of 400k. The broker just emailed back and said that the sellers will want...
Hi BiggerPockets community!
We are under contract on our first cash flowing Self-Storage Facility for $500K. However, we just got rejected on our loan application from the lender that currently holds the note on t...
I own a property free and clear and need to do a cash out refi to pay some taxes and put into my STR business. My issue is I got days before closing and the bank backed out. The property has a main house, a pool, and ...
Good afternoon,
I have been buying my first property for the pat 2 months: a triplex. I'm using a 203k loan, which just came back from underwriting--with conditions. I need 3 months of mortgage reserves, which can't ...
I've done a lot of wraps and subtos and highly prefer the seller-finance strategy for a lot of reasons, including offering the opportunity of homeownership to those otherwise rejected by traditional banks. I want to c...
Hello BP,Has anybody had any experience with getting a bank loan to invest in real estate? I don't mean a mortgage I mean maybe a 20K loan just to cover most of the down payment or something like that. I'm struggling ...
Hi, I would appreciate some input from experienced investors on the Lease Option exit strategy.Background: In 2014 aquired and sold a property in PA using Lease Option. The tenant paid a L/O deposit and pays $1080/mon...
I am about to make a cash offer for a SFH, my realtor insist that I still have to put at least 10% down ( he wants 20%) I said " why do i have to put anything down when we will be closing in 10 days on an all cash dea...
#13 is a buy/fix/rent project near 140th & 11th in Grandview south of Main St. 3/1/0 Bought for $35,000 cash deal the rehab estimate is $8500. It will rent for $825-850 and with rehab will hopefully appraise ov...