Calvin Kwan
Parking & Tenant Advice Needed
Hi,I own a triplex in Oakland, CA. and each unit has 1 spot dedicated. One of my units is a 3bd w/ 2 female roommates currently occupying. Recently, one of the roommates asked if she could park her car in the parkin...
Samuel Maclean
Figuring out what loan to go with... pmi or not pmi????
So I have called all the banks and a few morgage brokers.
Goals
Own buy and hold real estate: multi families and (eventually)single families
two this year one in the spring and hopefully one in the late fall
I have u...
Travis Beehler
Multiple banks?
Hi all!I have 7 rentals across 2 commercial lenders. The first lender had to cut me off from further deals because they got bought out and their rules changed to not allow out of state investors. The second lender, ...
Mitch Miller
Seller Finance deal Interest Paid reporting
I am wrapping up my taxes for my LLC which holds a few loans and one which is a seller-financed deal. I have received a YTD interest for all my other lenders (which are banks or CUs). My question is does the past ow...
Eddy Wehbe
Buy or wait? Prices too high for good Deals
Houses prices are sky high in South Florida, so, even though interest rates are low, finding a good deal nowadays is almost impossible. What is your strategy these days???
Mike A.
Step-rate Mortgage OK for Dodd Frank?
I sold a home on a seller carry note. I used a licensed MLO to process the application and provide the disclosures. The terms of the loan were 10 year fixed interest rate, and then increasing 1% per year. Starting ...
Eric Chow
Help With Lender Options
Hello Everyone, I am a newbie and about to make an offer this week on my first rental property (duplex)! I have a couple of options for financing that I would love to get some advice on. To keep it simple I basically ...
William W.
Tax Implications of Sale of Primary Residence to LLC owned by me
Hello. I've seen this question asked before but I haven't seen an answer that address my specific concern. I think the question is best posed to this sub forum.I have a condo that I've owned as my primary residence....
Kevin Ogbu
Any recommendations on good lenders for SFRs (buying as an LLC)
Hi I'm fairly new to BP, so hopefully this is an ok place to post this question. Wanted to ask if anyone had any recommendations on a lender they've used for SFRs, but buying as an LLC not in personal name. I'm an in...
Prasad J.
Loans for commercial triplex
Hello all,
Do residential mortgage lenders also do triplexes with 1-2 commercial units like offices etc. How is the lending process different? What is the normal closing time for conventional financing , I know it's ...