What are major qualifications to purchase an apartment complex?How much down, how much personal income do I need, how much in reserves?

Does anybody have any experience with JCF (Jordan Capital Finance)? They're primarily a rehab lender with terms similar to a hard money lender (14% with 4 points). They're out of state, which I can deal with. They hav...

Hi, I'm following the moderator's helpful template in hopes it will help stimulate discussion on how I can start a small business in rental/property management using my almost paid off primary residence. My primary q...

Hey Mortgage Pro's, What LTV are lenders offering now on a cash out refi for a primary owner occupied in NY? Specifically in Westchester county. Also what's the average seasoning time to refi?Thanks!

I just had a veteran contact me to rent an apartment. Is it legal to give veterans preferential treatment?  The application process would be the same. I don't want deadbeats and I would insist on credit checks and bac...

So I have an investor client who is using a hard money lender offering 7% and 2 points (the "broker" is adding 2 points and a $1000 application fee).  They run credit, require 2 year tax returns, pay stubs, 10% down a...

I have an applicant who is 19 year old and he is moving with two others who are in mid 20s.  The mid 20 year old applicant has decent credit score with all clear background (cozy screening).  The 19 year old says that...

Hi BP community!Another newbie landlord question :)My wife and I are purchasing a duplex in Atlanta, GA. One side of the duplex has tenants that might stay after we close, the other side is vacant. We're moving into t...

Hello, I have my first tenant application for my investment property come in. This is a brand new construction. Class A. Applicants have a prior eviction years due to unfortunate circumstance but good household income...

FNMA starting today will require reserves to be calculated differently than in the past.  Previously they counted a certain number of months PITI for each property as reserves.  Now they will use a percentage of the U...