Edna Salinas
sources of DSCR lending
New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
Robert Walden
Private Money Lender Payments
One of the advantages of using private money loans is that they can be structured more favorably than an HML or bank loan. However, there are still some general rules of the road that even private lenders expect. I us...
Madeline J.
New investor in Minneapolis, MN: planning for first deal
Hello all! I've spent a couple of months perusing these forums, listening to the podcasts and reading real estate books. I am from Minnesota and currently at school (health care field) in Oregon. My goal is to work fu...
Malachi Hoots
Best Multifamily lenders?
I’m trying to buy a 4plex, but one of the units needs finishing inside to be rented. The seller priced it finished or as-is. The only lender I can find that will finance it as-is is a local community bank in the area ...
Anup Debideen
Newbie Crunching Numbers
Good evening everyone, I utilized my VA loan in early 2018 and I have a 1700sqft 3/2.5 in Chesapeake, VA. With the option of being able to transfer to a new duty station or stay in the area, I'm debating on how to pro...
Taylor C
How to buy/own REOs with little no no money down
I searched for posts related to this in this forum. I figured ask a slightly different question, maybe get a different answer, so here goes...
I get listings for lots of REOs. Some look decent numbers wise. My point ...
Johnder Saint louis
Buying my first rental with my LLC
My LLC is up and running and ready to go. I am super excited and so are my members. My question is, if we want to buy our first rental what is the best way to startup. Do we buy cash/or finance under the LLC entity or...
Logan Turner
Scams
Just a heads up. Some guy using the name of a legit lender in Michael stone is trying to gather information from people pretending to offer loans. Obviously if it sounds suspect or ridiculously good, don't send any pe...
Silas Johnson
BRRRR strategy
Ola All,I have a question regarding the BRRRR strategy. If you were to go and refi, lets say with a portfolio lender, what type of loan is it? Is it a mortgage or a commercial loan? Is there a limit on the amount of m...
Lisa Jones
How did you rebound from a terrible financial decision?
Credit card debt ($10000), student loans ($15000) and upside down (owe $12000 cat is worth $8000) on a car loan. Clearly I am not winning in the game of financial freedom. How did you rebound from poor financial decis...