Hello BP nation, I just got a great 3 flat in Chicago under contract built in 2008 and fully occupied throwing off almost 2k a month cash (DCR>2) flow after PITI based on a 20 year am fixed at 4.625 with a 25% DP f...
I have a portfolio of 7 properties, 9 units total, current ARV is 750,000. I have been offered a 30 yr fixed 6.5%, 1% origination, for 575K loan value to the portfolio. It has a no pre payment penalty and is pretty ...
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Trying to follow all the good advise here, such as , buy for all cash, extract the equity out on a cash refi loan. Rinse and repeat. Sounds easy, but no one said the loan is based on my tax return income in order to...
This is my first post here after reading for some time. I a have a few somewhat specific questions regarding analyzing the performance of currently owned properties that range from 90+ unit complexes to 5-6 unit mfd's...
Just read this in the Dallas Business Journal, just curious about how you guys think this will affect the rental market.
Single-family rental firms consolidate in a merger creating $11B Dallas-based company
A m...
Hey y'all!
I'm about to be intentionally unemployed to pursue a career in real-estate investing. I have a couple of assets and a 1031 exchange that I need to place and am finding lending to be tricky. I have enoug...
Hello,
I have a duplex that has about 80K in appreciation and paydown. I purchased the duplex with a VA loan and no money down. Im finding out that its barely past the point of 80% LTV. Is there another way t...
I'm thinking of going part time with my current corporate job and starting a property management company. I currently own a legal duplex and plan on expanding my real estate investment portfolio. A key component is be...
Hello BP-er, specifically those in the Ottawa/Gatineau area,
I'm looking for a good mortgage broker in Ottawa - one who understands rental properties, specifically in how to utilize different strategies to scale a re...