Reggie Rearden
Mobile Home Park- How to accept rents?
I'm getting ready to close on my first mobile home park. It's a 17 unit. The current owner goes door to door to collect rent every month but I'm not doing that. All of my tenants drop off rent at my office. What recom...
Mark Kappelman
Logan Square 6 Flat - V2
Investment Info:
Large multi-family (5+ units) buy & hold investment in Chicago.
6 flat in Logan that is zoned RM5, which allowed for two additional units based on lot size and current above grade square...
Jeff Kelly
Get Delayed Financing, then subsequently get cash-out refinance?
Let's say someone pays cash for a property (and for the rehab) and then gets Delayed Financing for 70% or 75% of the purchase price (and rehab) soon after purchasing. My question is whether that person could then get ...
Portlyn Roberts
Conventional Financing as an LLC
My partner and I are going to start an LLC and I am curious how the financing will work.We have a pretty high combined personal income and both have excellent credit scores. What factors will the bank consider when co...
Steve S.
Double success story in Anaheim, CA
I'd like to share the success that my client had with his most recent flip. We provided the fix and flip financing for my client who bought this home in Anaheim, CA last year for $368,000. He got bogged down and slowe...
Maryann L.
HAFA 90 day hold?
Does anyone have a clear picture how the HAFA 90 day hold will affect those of us who use transactional funding?
How can we pre-determine if a property falls under the new HAFA guidelines ahead of time?
I'm not a ...
Roschelle McCoy
Renting Out an Apartment in Florida
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Temple Terrace Townhomes and Terrace Hill Apartments is a 40-unit multifamily property located in Tampa, FL. This property has a valu...
Samantha Ward
How can buying out your car lease affect your options for getting a mortgage?
Hello everyone!I am looking to purchase my first rental property but I also have my vehicle lease ending in 2 months. I am wanting to buy out my car lease but am wondering how this will affect getting a mortgage. I kn...
Jared Ottley
Multi-family financing questions
Was looking at buying a four triplex complex (12 units total). First meeting with bank and was told 25% down at minimum would be required and 5.5% would be best interest rate on the rest. Just want to check to see i...
Matthew Drouin
$198k cleared on sale of long term hold (no money into the deal), what I learned...
I know this check says $176k but I held $25k in escrow, paid $10,800 to the buyers agent, and had a $8k in a holdback that was released after I fixed a furnace at the property.This was a duplex that I bought in 2017 f...