Mario Morales
If I have 3 properties (9 doors), How Will Lenders look at my Income
I have a W-2 Job and 3 properties, what is the minimum amount of profit or income should my properties generate for the year for a lender to consider me worthy of a loan, all things being equal. I've heard $500-$2000 ...
Budhadipta Dan
ADU rental on primary residence — depreciation question
I m debating whether it would make sense to build an ADU on the backyard of our current SFH property in South Bay Area (San Jose). Had a few questions: - I understand that mortgage interest, prop taxes, insurance, and...
Jerome Nunez
Investment Group Financing in Northeast NJ - Set up an LLC before first purchase?
BP, I'm partnering w/ two individuals to acquire our first 4-unit property in Northeast NJ. We've been discussing financing options, specifically looking at FHA (less equity but 1-year owner occupancy requirement) and...
Account Closed
Options for assuming a loan
I have found a potential short term cabin in a great spot that is only wanting to have someone assume their current loan. It would take about 230k to resume it, so my question is what are my options for financing? Fin...
John Olsen
Strategy to scale more units
Hello everyone, I purchased my first duplex 6 months ago. I live in 1 unit and rent the other. After PITI and all expenses I typically only pay $100 per month out of pocket total. I put 5% down and have a mortgage ba...
Michael Costantini
Pitching a deal to under water seller. Need help on the terms.
I found a two family turnkey in NJ. The seller has it listed for much more than a reasonable market price. Turns out they bought it in 2007 (Ouch!) as a owner occupied residence with 5% down... They now live out of st...
Matthew Anderson
Considering a Refi and Sale of a Flip
I picked up a house in Sep. for 577k with an ARV of 800-810k. I took hard money, note of 522k. Paid for the down and renovations out of my pocket ~57k+130k. Selling will make a little money, but it’s not a ton. The h...
Dustin Taylor
HELOC, Interest Only, Hard Money
Any lenders offering HELOC's on investment properties? Are any of these options a fixed rate? Any lenders offering interest only loans?Any lenders offering 5% down payment for a hard money loan on the right property?
Jordan Santiago
Refinancing During Apartment Syndication
Hey BP,So for anyone that has successfully syndicated large multi family, does anyone refinance, get their investors capital back, and then change the equity ownership percentages? Say it was originally 30% GP, 70% LP...
Maria Dinshaw
Sewer easement for new development question
I'm developing a 30 acre tract of land into a residential subdivision. To connect to the municipal sewer lines, I have to go through a neighboring property. My question - if I run the sewer on the property line betw...