Brandon Sexton
Commercial Financing For Small Multi-Family
I have been trying to find a conventional mortgage option for the purchase of a multifamily property of 5-10Units with a purchase price of $300,000-$500,000. The property would be located in the Des Moines, Iowa area....
Iris Thomas
Financial advice on purchasing 2nd property!
BLUF- I owe $119k on my first property and the value of the home is $178k. Currently, I have a reliable tenant in the house for almost 2 years. I am now interested in purchasing a second home but I don’t really know ...
Mathios Yonan
Foreclosures In America
Hi, whoever might see this. I'm a freshman in college and starting off as a realtor (so any money I could possibly get helps). Foreclosure.com does an annual scholarship giveaway based on the topics they want to be an...
Nick Lucas
New investor need advice
One year ago I purchased my first rental, house hacking a 4000 square foot duplex. I am looking into getting my second one here soon and need advice. I believe I have two options.
Property Info:
Purchase Price: $365...
Chris T.
Comparing Two Similar Properties with Different Lease Terms
I am not sure the best way to ask this. When comparing similar commercial (NNN retail) properties, is there a method of estimating the sales price based on the remaining terms of the lease?
EXAMPLE: There are two...
Michelle Phimmasone
DSCR loan question and help
We are purchasing a beach condo STR purposes. Our broker had offered us these loan options:
20% down at 8.5% interest, $65000 down, $1999 monthly
25% down at 7.5% interest, $81500 down, $1704 monthly
We wanted to k...
Francisco Ruiz
Utilize equity without refinance
We have two short term rentals, one in TN (rate at 3.25%) and one in VA (rate at 3.8%). Don't want to move from those rates to current rates, but would like to find a way to utilize or take advantage of the equity in...
Hitanshu Shah
Under Contract - Finance options on a 4-plex
Hi AllWe are under contract on a 4-plex and I am shopping for Loan options. The purchase price is $415 K and we can put 20% to 25% down. Few brokers have recommended a 5 year Balloon loan but I want to explore the bes...
Logan Crowder
Are these plausible ideas for a no money down strategy?
So, I have a problem. I'm a Realtor... Not that the field of work isn't great or anything but being a Realtor means I'm self-employed which also means I can't get a conventional loan from a bank or broker until I have...
Huy Vo
3% vs 5% Conventional Loan Options
Hi BiggerPockets, I'm trying to get a pre-approval to purchase my first home and getting quotes from several lenders for both 3% and 5% down options. The overall estimates are I'll be getting the same rate on either s...