Anthony Kondor
How can I get the downpayment
How can I get the down-payment to buy an apartment building? I need 20,000 as a down payment to buy the building. The price of the building is 120,000. is there any finance companies that can lend money in Illinois.
Jason C.
Rental Dwelling Insurance
I wanted to see if anyone can provide feedback on Rental Dwelling insurance. I currently use Statefarm and my premium just went up from $450 a year to $500 for the year. Now I know this isn't a big jump in cost on a d...
Dave Rav
Banks using the pandemic to prevent access to $$
Hey Group. I have noticed some of the larger banks (B of A) are *still* hosting limited lobby hours and business hours. They cite "CDC guidelines" as their reason for this. I have visited multiple B of A branches, ...
Andrew Adame
Help with HELOC amount
In the final stages of narrowing down a bank to open a HELOC with for creative financing, looking for advice on the amount
I have heard “get the max”, which would be 80%/340k from most banks @ Prime+ .50-1% however
...
Javier Vía Reque
3% Down Payment, is there a Maximum Income to qualify?
BiggerPockets, this is the first post I make in the community. I am purchasing my first Property, it will be my Primary Home. I have been offered a 3% Down payment from a third party lending company. I also went to Ch...
Anurag D.
Procure investment loans (Individual) with high DTI ratio
Hello Everyone,
I am exploring strategies on investment properties on how to procure more mortgage loan, but with higher DTI.
1. How to attain mortgage loans with higher DTI, and normal interest rates.
2. Are the...
Ellis Hammond
Ask these questions before applying for Heloc
First off, what's a Heloc? A Home Equity Line of Credit (HELOC) is a loan on your home and the amount of the loan is determined by the equity available. Its essentially like a credit card using the equity you have in ...
Chad C.
Are these good terms for a HELOC?
I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
Jake Booher
Tenants Pay Utilities
I am looking to offer on a multi family property. Currently the owner pays electric for each unit (10 total). Each unit is separately metered and I would like to get them to pay for electric themselves. Looking for ad...
Mark Weins
Is there a cap for real estate appreciation?
If properties double in value every 5 years or appreciate by 8-10% if it's the right area do property values just go up infinitely? If a house in Seattle is worth 2M in 2023 and is only 2000 square feet in a good neig...