Andrew Giunta
Any ways to get a fixed interest rate on mortgage on 5+ units?
Im not personally comfortable with variable loans, which is why I stick to the 3-4 unit properties. However, with 3-4 units getting rarer in the area I buy, and 2 units being too cheap and not worth me using a mortgag...
Michael Greer
Small loan = Higher closing costs?
Hello,I'm purchasing three 1b / 1b condos in a good area here in Ohio.I'm financing through a bank and received my final closing disclosures on one of the units.Purchase price is $40k. Loan is $32K.Closing costs are $...
Devin Cokley
Wanting to learn more about structuring and negotiating a seller finance deal
I've done a fair share of researching but some things I havent been able to get very clear answers on.I'm looking into possibly buying a laundromat on seller finance and I want to be able to talk to the seller and neg...
Joseph Harwell
Fay Mortgage Services .... anyone used them for LLC Purchaes?
I received an email from Realty Bid which I bid though some times about Fay Services. I copied and pasted part of the add below. I just thought a 30 year fixed with 15% down, no income or Employment ver. was wild. The...
Gregory Ballard
Buying an apartment with a 30 year loan
Does anyone here have a story on how you bought an Apartment complex of 20+ units with a 30-year loan? I'd love to hear your story.
Isaac S.
Best financing for commercial loan multi family
Hi, what is the best financing in terms of ltv (looking for 80%) and it’s for a sub 1mm property. I thought Fannie Mae had something, but I’m not fully sure on its rules. Curious how most of you financed something ove...
Carlos Webel
Owner financed offer and amortization schedule
Dear all,I’m working on a 3/2 SFR rental lead in Houston Metro area. Asking price is 175k$ and I’m coming back with the following 2 offers: a)160k$ cash, no contingenciesb)175k$ Owner financed with 40k$ down and 135k$...
Marcus Gaethke
5/1 ARM at 3.5% vs Fixed Rate at 5.75%
Hello Bigger Pockets - Thanks in advance for any advice
I am currently looking to get approved for a loan for a small multi-family (2-4 units) and am having difficulties finding lenders that will do a 30 year fixed w...
Samson Oni
Seller not fixing issues after inspection
After inspection we ask seller to fix few vital items like the heat wasn't working. But the seller is not willing to fix it but asking of we can take credit. What do you guys think? Can I ask for credit up to the amou...
Lisa Martin
DSCR loan rate
What's the going rate for 30 year fixed DSCR (loan amount approx $150k) Good credit and enough experience investing. Looking to add to my portfolio! Yay!