Paul C.
Branch Out from Buy & Hold to Hard Money Lending (HML)
I've built my buy & hold portfolio to 10+ SFHs and am happy with how they are performing. While I plan on acquiring more properties, I'm finding the opportunities are not coming as fast as I would like to depl...
Richelle Bryan
Closing Costs on NYC Co-Op
Hello BP,What are all the expenses related to purchasing a co-op in New York City? I know there is a down payment of course, but about what percentage of price is closing costs? And are there other expenses such as a ...
Christopher B.
Down Payment Assistance included in DSCR?
Hi, I am putting together a multi-family deal. I am planning to have part or all of the down payment provided by a private investor, which I will pay interest to, and refinance after a few years, once I add va...
Lina Vezzani-Katano
Is it worth doing a BRRRR with higher interest rate?
I found a house that needs maybe 20% more renovation needed to be able to rent it out, but the mortgage officer said that would require a renovation loan instead of a conventional loan because the state of the house i...
Ryan Jacques
DSCR Terms Opinion
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...
Greg Hammond
Is it better to use a title company or real estate attorney to close?
I am new to REI and I have a wholesale deal under contract in Kentucky. Now what? Should I find a title company or real estate attorney? Should I have a buyer in place before I pay for a title search? Any help would b...
Kyle Ferguson
First deal! 10-15 year balloon?
Small home town bank! Saying only fund 75% of deal so im assuming that means they require me to give 25% down? Looking for advice on better options or pros/cons of balloon?
George Tesfa
Explaining different types of commercial loans
Certainly! There are various types of commercial loans available to finance different types of commercial real estate projects. Here's an overview of some common types:
Traditional Commercial Mortgages: These are c...
Yechiel Abekassis
Mortgage satisfaction and Assignment
Hi BP,I Bought an Apartment in an Auction in Broward county FL.Three month later the mortgage foreclosing is being assigned and the second is satisfied.Is it normal ?
Anthony Barbato
What happens to mortgage after transferring to LLC?
If I get a mortgage on a property in my personal name, and then transfer that property into my LLC's name, what exactly happens to the mortgage? Does the mortgage also go into the LLC's name to be paid from the LLC? O...