I've got a contract on a quadplex for $127,000, and now I'm looking for financing. I've got 2 options so far:1) Conventional loan - 30 year fixed rate @ 4.75% & 25% down payment2) Commercial loan - 5 year fixed ra...
Hello BP just starting out and was wondering that if I use a HELOC for a downpayment on a SFR, is it smart to use my W2 job income along with the cash flow from property to pay off HELOC a good idea. Thanks
Hey everyone, I am new to real estate investing and am currently learning how to analyze out-of-state rental properties. I live in San Francisco and am looking to invest in 3-4 unit properties in Columbus, OH (althou...
Hello BP
Need some advice on the financing side of duplex property that I am ready to close before end of the year.
I reached out to my lender for a conventional mortgage for the amount of $61k (purchase - 25%) and ...
I had a friend who has worked in the lending business for a long time give me an interesting idea. However, I’ve never heard of it, and I want to make sure I’m not missing something.First off, I'm just getting started...
Hello, I purchased my home in 2021 for $38,000 and put about $40,000 I to renovating it. It is now worth around $165,000. I have a loan through a private lender for $70,000 at 7% over 15 years. I would like to get my ...
Hi Guys, I am relatively new investing in Cleveland Ohio. I purchased my 1st 6 unit building in March 2016. It has been going very well. I am looking into jumping in to a new building from 10-20 unit. I have noticed s...
I'm working on my deal analysis as I'm very new to real estate and BP pro. I'm wondering if any of you who are familiar with these calculator reports would look over my work and help me understand where I'm off and ho...
HelloI just bought a condo cash and my wife and I plan on living in it until our primary home is finished being built. We then plan on renting it out, my question is that when we are ready to buy another rental. What ...
My brother has bad credit and currently has a mortgage with an interest only variable loan on his primary residence. He asked if I could add my name to refinance the property to get a better rate (30 year fixed). Luck...