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Hi BP Family,
So we're looking to buy our first out of state investment property in Indianapolis for 150k! Question is, going through a mortgage, they're claiming it is 3.5% with 2 points ($2,400) or 5%. Just asked a...
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Hello everyone!
I'm interested in obtaining a HELOC for one of my investment apartments. I've done some research and there aren't many lenders offering HELOC for investment properties. TD Bank is one of the few that...
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if I want to purchase an apartment complex and the current owner is asking for a 20% down of the selling price and I have 8% of that 20% down payment , can the bank loan me the other 12% ?
Hello everyone, I am currently in the market for a 4 unit apartment building and everyone I’ve talked to says a minimum of 25% down is required if it is not an owner occupied property. Does anyone know if there are an...
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ow do/can I get financing?!?!? Recently I paid cash for a property using a $51K line of credit. So far, only minor repairs and needing new paint have to be completed. The property is 1 apartment within a quadplex. I r...
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I live in Columbia, Missouri. It is a college town. That simple.
It seems that rents here may be just a bit inflated (at least in my opinion). I am looking to invest in a duplex. (Live in one room and rent the res...
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Hi there,My friend and I finally purchased our first real estate property. Single family condo unit we will rent out indefinitely.Since the price of the unit was so low (~$250k), we decided to take out at mortgage at...
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Hello I’m refinancing a San Diego property and paying off a loan on aHawaii property and my question is the cash out taxable since it’s a loan?Thank youTommy
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Hello Team BP.First of all I want to thank everyone who contributes to this forum. I have not found another site that celebrates, supports and encourages the members to this degree. This is where I go to reinforce h...
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I'm just getting into real estate investing and I've been doing comparables. I've found a property that's on foreclosure which is going up for auction next month. My initial plan was to do a cash out refi on my first ...