Ahuva Druin
Refi options for a six-unit STR
Hi,I purchased a six-unit apartment and transformed it into a six-unit STR. It's a beautiful property with a pool, picnic benches, and grill stations, on 1/2 acre in a great part of town.The appraisal shows that with...
Joseph Hammel
Help! I need financing advice.
Hello BP community!Im hoping I can get some help with analysis and brainstorming my situation. This post may get long so please bear with me.I own 15 properties including my own home and one is in my self dirrected Ro...
Jeff Salter
Need a commercial mortgage loan
First time posting anything on BP and also first time purchasing an apartment. I’ve been shopping around for a commercial mortgage for a 6 unit apt in NW Georgia. I’ve contacted multiple small banks/credit unions but ...
Hunter Hughes
Property Appears Residential But Is Zoned Commercial
Hello Forum,I am currently working on a deal for a Colorado property that by most common sense would appear to be residential. It has 26 units (Apartments & Trailers) on the 1.68 acre lot. However, the MLS indicat...
David Capote
silent wrap-second mortgage-how easy is it to refinance?
silent wrap-second mortgage-how easy is it to refinance?I have a seller offering me a silent wrap second mortgage. He says I'll get an affidavit of equitable interest at closing and my payments to him are escrowed and...
Joshua M Cummings
Recommendations on lenders
Hey Everyone!
This is my first post on BP in a while. The past few months I have been focusing on wholesaling in the Summit County area, working on building up a list from driving for dollars and looking for FSBOs fr...
Pragya Singh
Looking to Refinance a 5-plex in Hillsboro OR
Hello BP members, We are shopping around for banks/brokers to refinance our 5-unit apartment. If any one has a recommendation for the same in Oregon, please let me know :)Thanks,Pragya
Xochitl Cadena
How does the credit check works when buying multiple properties?
I am buying my first property, but had a deal that didn't go through in Aug. One of those banks checked my credit twice one week apart! Now my credit score decreased so I would like to know how do other investors do i...
Kenneth Morff
Buying an Apartment Building, Lending After the Purchase
Hey there BP Folks! My name is Ken. I don't post on her much, but I have a question. My wife and I are looking to finally dive into Apartment building investments. We are purchasing a rental right now, and then taking...
Eugene Kotlyar
Financing options for a rental
I am in the process of purchasing an apartment that I will be renting out to a family friend. The apartment is in the same condo complex that my family lives in now. It looks like I am ineligible to purchase it as a ...