Brianna Lopez
STR financing based on cash flow
Does anyone have any tips on a lender or type of mortgage for a short-term rental that is based on cash flow instead of based on DTI and personal credit? I own my primary residence and still have a high balance on the...
David Joselson
Non-performing Junior lien notes are becoming less readily available
I would like to start buying non-performing junior lien notes and I was wondering, with the financial crises far behind us, if anyone had a feel for what the supply of these notes will be over the next 1, 2, 3 and 4 y...
Peter Halliday
Fair market valuation for IRA LLC containing notes
I read that the Fair Market Value for the IRA LLC is basically a combination of theFfair Market Value of the assets. Notes I read are valued based on the UPB and unpaid interest. I wanted to check if that’s how most...
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.
Account Closed
Minimum loan amounts
Forgive me if this is a stupid question, but I’ve looked all over online and can’t the specific answer.
I know banks have minimum loan amounts they will do. Is that minimum the purchase price, or is it the actual de...
Vee L.
Separate entities to manage vacation rentals?
I'm in Houston, TX. I have a few Short-term vacation rentals that owned by an LLC. I have been managing them in this existing LLC. I plan on scaling up and adding a few more of these. Should I create a property manage...
Daniel Ortiz
Reserves - How much cushion do you need?
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
Damon Wong
Commercial Financing Requirements
So I started my search for financing a multi family property and was hit with this response:
"You are asking for a 1.9 million dollar loan. You will need at least $380,000 (20%) to put down on the property + loan exp...
Simon Ruiz
Using a hardmoney loan to purchase property at point of auctions
Hello I would like to buy my neighbors house which is anticipated to eventually go to auction ( long story) I could not purchase this property through traditional means therefore, it eventually will become a Deed in L...
Jeffrey Decedue
Legal Question Regarding Deceptive Lender
Hey BP,I need to know if there is any legal recourse for the situation my wife and I have found ourselves in.We applied for a mortgage on a condo in the Cleveland market, we received the pre-qualification and placed t...