Mike Robinson
Cash out refi strategy
To the money community,We currently are doing a cash out refi on our primary residence. We will get 50k cash and will have a 4.875% interest rate. We plan on using the majority of this money to pay off most of our cur...
Jordan Burnett
Capital Reserves for Capital Calls in a Multifamily Syndication
Hey guys,For those of you who have invested in multifamily syndication or apartments for many years, how much do you keep in reserve for unexpected capital calls in case they occur during an economic downturn or while...
Roger Mace
Should you refinance a DSCR?
Refinancing loans with a focus on Debt Service Coverage Ratio (DSCR) can be a strategic decision for businesses. Here are some situations when refinancing might be considered:
1. Improved DSCR: If a company’s DSCR ha...
Adam K.
Commercial financing question
Hi all,
First time posting, but have been reading and researching the many great resources on BP for a while now. I am interested in purchasing commercial 8 - 12 unit apartment buildings in MA and am not very familia...
Jeremy Flores
Married Couple: Buy home or investment property
My wife and I are in our first year of marriage and we decided to rent an apartment instead of buying a home so we could knock out debt. We're 6 months into the year lease and we've knocked out all debt and have an em...
Account Closed
HELP ON LOAN FHA FRAUD?OPTIONS?
Ok put deposit down on house deal is excellent. I currently have 25% down to get a conventional loan but the problem is my credit score. Bank of America requires 680 as the middle number but right now my credit is 643...
Brook Young
Post Divorce 1031 Exchange
Hello BP Community - My ex husband and I co-own a rental property (we are on both the title and the note) in San Diego. We are about to put that property on the market and split the proceeds. My questions are ... 1. D...
Cecil Tee
questions about collections on credit report
hello all,When analyzing a credit report how do you weigh past collections? I had an applicant with a three accounts that had gone to collection, but they were in total "only" about 2500 and the most recent was 2017. ...
Chandra Towns
Getting Personal Finances in order before Investing
Hello,
I have been reading " The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy & Hold Real Estate Investing". As I'm reading I'm writing my questions down. One question I have is in...
Mike Chern
1031 and reduce risk
For example, I have 8 properties average loan to value around 50%. I want to consolidate into 4 properties, all paid off.Form my understanding of 1031 rules, this is not possible. I still want to ask, even if I sold o...