Today I closed on my 6th BRRR deal. All of my properties are in Connecticut.So far:Triplex in New Britain- BRRRR complete and fully operational.2625 Rent Roll 100,000 acquisition 50,000 renovation, 140,000 refinance...
Link: http://www.mortgagenewsdaily.c...
March 11, 2021
"The letter focuses on thenew 7 percent limitation on acquisitions of loans secured by second homes or investment properties. All limits are measured as 52-wee...
Hello,I am trying to explore my options for financing a multi-family investment (non-owner occupied). I currently owner-occupy a duplex with a VA loan. I have been scouring these forums and the web trying to find a cr...
I'm in the process of funding a conventional loan for my first deal in Binghamton, NY (Broome County). I'm also leveraging equity to do a cash deal simultaneously. Some days I sit back and assume that everybody's do...
Excited and relieved. After 5 contract extensions for reasons way beyond my control, the ink is finally drying on an FHA financed quad, bringing me to 6 units.In March of 2016, 2 months after my 23rd birthday, I boug...
View reportPhoenix Arizona near downtown* is there an issue with ARV? I put it as "$400,000" in form but says more than $400,000 on report * what about 50% rule? seems to break the deal.* Seems like cash on cash retur...
Hello BP family, I'll be quick, just checking to see if this loan is decent or not...Property type - InvestmentAmount - $165KDown Payment - 20%Credit - 760 and aboveRate - 5.375% (30 yr fixed)Origination Charges - $22...
Hello BP.. my first post... im in the process of purchasing a rental property.. waiting for my counter offer to be accepted. I had to take out a non owner occupied loan.. the property was 250k putting down 25% with a ...
Investors have chosen multifamily as a best-bet asset class.
HANDS-ON VALUE CREATION
Another winning quality is multifamily’s relatively low barrier to entry. Many apartment investors get their start in real estate ...
I own five rental properties and am in the process of doing a cash out refinance on one of them. I own my current residence and do not have a mortgage on it. Do you think it is better to do a cash out refinance on my ...