Eric Thomson
Wrap Around Mortgage, Texas
Hello BP. I am selling a flip turned primary residence and have a buyer requesting owner financing. I am carrying a conventional mortgage on the property so I would need to setup my first wrap around mortgage/contract...
Adrian Fajardo
What is the best approach in acquiring 3 separate MFH?
Good day Biggerpockets community!I need your help in the best course of action of acquiring 3 multifamily properties at the same time.A property owner has agreed to sell me 3 of her 4plexes. She said she'll get back t...
Kenny Oliver
Renovating/Restoring historic homes stories
Hi everyone!
Just put an offer on an older home
It doesn't seem to have gone through any restorations but I have a budget that I will not pass if If my offer is accepted.
I wanted to know your stories on your hist...
Gursel Demir
Buying a partial interest on an inherited house.
A brother and sister inherited a house and are in title as tenants in common. The brother, who lives in the house, wants to sell but the sister, who lives out of state, is refusing.
In the mean time,...
Justin Brown
Found a deal on a duplex! (I think), now what?? HELP!
So here are the stats on the property I found:Found owner through yellow letter, asking price: 178k, near a mid-sized city in WA state2 bed/2 bath on each side, somewhat updated and in good condition (pretty standard ...
Bill Mitchell
Hard Money - Converting to Conventional Loan
I have never been through the HML process, but it is to my understanding as soon as the property has been properly rehabbed and up to code/inspection you must convert from the high interest HML to a conventional l...
Steve Candor
How are the Numbers on this property?
2 duplexes. 4 apartments. Both for $250k (this is a packaged deal). Owner will help pay for the closing costs.
A.) 800/month, $700/month in one duplex
B.) $825/month $675/month in other duplex.
A.)...
Joe Vastola
Transferring Title from Own Name to LLC
I have read that there are a number of obstacles when buying a SFH under an LLC (i.e. having to use a commercial lender, higher interest rates, shorter amortization and balloon payment after 5 years). As a result, man...
Lester Schmitt
Private1st leinholder willing to subordinate. Can I use that as downpayment?
Previous owner sold empty 40 unit apartment for $700,000 and gave 100% financing to the new owner.
New owner renovated and filled the building. New owner died and his estate is anxious to sell.
According to the Realt...
Gary Burnham Jr.
Lender wont let me Cash out Refinance with 6 financed properties
please help me get to the bottom of this. I currently have 6 financed rental properties. 1 is owner occupied. I am trying to do a cash out refi on the 2 most recent purchases to get the cash out I spent to fix them ...