David Ballard
How Do I Build a 4-Plex in St Louis?
Hey gang,I recently bought a teardown in the Penrose district of St Louis from a bid4assets.com auction -- now that I own it and have paid the back taxes the city is sending me all kinds of letters about the dilapidat...
Alexander Sheridan
Tricky Borrowing Situation (plenty of equity & good credit score)
Hi All! Here are a few facts about my situation. Hoping some of you could help guide me in the right direction.I'm in central Ohio, in a county of ~65k. I'm self employed, so my DTI doesn't show well.I own 7 rentals (...
Tayo O.
Investor Friendly Down Payment Assistance Programs
Hi All,Does anyone know of any programs in Chicago or Illinois in general that would be worth looking into for assistance with down payment or closing costs? From my research, I have come across programs that favor fi...
Jeremy A.
Obtaining Financing. Loans must be >$40k and/or >$50k
Well today I ran into an issue I never thought would come about. I called my bank that I've worked with in the past that I financed multi families through. The house I would like to purchase is about $45k. I have call...
Devin Johnson
Home loan for repairing house
So let’s say a house or duplex is worth 70k and you know you want to put at least 20k of work into it to raise the rent for tenants could you acquire a loan for 100k?
Christian Ferreira
20% Down Multi-Family Lender in MA
Hello Everyone,I am looking for a lender who would be willing to do a 20% down payment on a 4-plex in Massachusetts (MA) not owner occupied.It can be an ARM if necessary No PMI.Income verification is not a problem.Fou...
Marie C.
House Hacking in Oakland while supporting family (tight budget)
My husband I make about 140k total per year before tax. We live in a tiny converted garage studio in Oakland for $1400 per month. We also support extended family. This is a very important value to us and nonnegotiable...
Gabriel Suppes
Lender won't accept S-Corp offer
Does anyone have any ideas about how to handle a lender that says they won't accept a short sale offer in the name of an S-Corp?
They say that they will accept offers made by individuals or LLCs.
Thanks,
Gabe
Chris Mason
HomeReady/Home Possible opportunities coming to an end.
HomeReady and Home Possible are a pair of loan programs with slightly reduced interest rates, and Home Possible is notable for it's use in "house hacking" since you can do 95% LTV on a 2-4 unit property and get a bett...
Elisa Waldman
Back in Real Estate and Looking for Synergistic Partnerships
I'm back in real estate after some years away (from the buy side) so feel like a newbie because of the changes in the market. I live in Charlotte and am looking for the following, if anyone can point me in the right d...