Spencer Wetmore
FHA in an LLC?
Hi Everybody!I purchased a multifamily in June 2016 using an FHA loan. I did a little research and would love to create an LLC for this property (and possibly future properties). However, I heard from a non-attorney i...
Ron Steele
Construction Loans Explained Newbie
Hello all,
I'm a new investor. I've done single family but looking at commercial deals. I have a property for 20% down and seller finance the rest. We have a tenant downstairs and want to develop the upstairs into...
Ray Seaman
BRRRR Calculator: Loan To Cost Feature
I think it would be great if there was a way to have the BRRRR calculator do a loan to cost formula in the Purchase Loan Details section.For anyone using a hard money loan to finance their BRRRR deals, the downpayment...
Gurleen B.
Better to offer less money or more money but ask for closing credit?
Hi all,
Looking at making a final offer on a property and wanted some input on two options I have in mind:Is it better to make an offer for $519,000
or
Is it better to make an offer for $544,000 (his counter-offer)...
Michael Win
Conventional Loan & deferred maintenance affecting closing
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Dante Jesus Corona-Cobian
A newbie with a weird situation
First off, a big hello and thanks to all BP members. Ill get straight to the point, I do not know what kind of financing I Qualify for other that private lending. I am 19 I work as a cement mason making decent money f...
Kenji Otokawa
Amazing cash flow on a 10plex with 10 mobile homes in Charleston
Investment Info:
Mobile home buy & hold investment in Charleston.
Purchase price: $617,500
Cash invested: $154,375
10 mobile homes, 2 triplexes, and a duplex. Rent is $7,800 and the mortgage is $...
Ryan Rex
New guy from Boise, Idaho
Hello all. Brand new to Real Estate and looking to learn as much as I can. A little about myself: My name is Ryan, I am an analytics nerd, former HVAC technician, automotive tech, and security professional. I currentl...
Robert Johnson
Seller breach of contract
Anybody have experience with dealing with a seller that refuses to sign final closing docs on a property and going through the legal process in TX. Back story: I have a 4 plex under contract for an FHA 203k loan that ...
Pamela M.
FHA Loan/lender issues
Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark). This has been an ongoing saga. I was aiming for 5% FHA which I was approved for. But there were so many silly issues...