I am under contract for a piece of beach area property along the 30A highway in Florida that is approved by the County for building four villas on. Despite being a high income earning physician, the bank is requiring ...
Does anyone out there know of a bank/lender that lends at 85% LTV on non-owner occupied small multifamily (2 units) rental properties in New York?
Here's the numbers let me know what you think.
Old house that has been split into three 1 bed apartments. Low income but not warzone.
Asking price: $24,900
Fully rented at $1200/month (3 x $400)
Taxes are $575/ye...
Hi, my tenants complained the fridge was not working so my PM got the fridge repair company to get a diagnostic and the total bill is $375. Is this a hefty bill to pay to get told the tenant's fridge not working? Then...
Hi fellow BP members!
I'm considering buying a duplex mid-next year within the 400-500k price range to begin my house hacking journey. I'm aware of FHAs being 3.5% down payment compared to 5-20% for conventional, wit...
Hi. I’m looking to purchase an airbnb investment properties in the Orlando area to tale advantage of the tourism industry. I am not too familiar with the area and was wondering what the best areas to invest in would b...
One local HML allows up to 3 loans on his own. So that's a useful floor.If you have 10 hard money loans would that draw concern from most lenders? Trying to find out how they think about short term borrowing capacity ...
Hi everyone, I am a new investor in the area. I currently own a 2 family that I closed on last year as a house hack. I am looking to do my next house hack. I want to expand my search and potentially look into single f...
We are closing on a 7 unit in California in just a few days with rents that are very low- $450 instead of $630. Long-term, month to month tenants, rents have not been raised in years. We will immediately raise the r...
Have any other banking employees faced this situation?I have a 9 to 5 job at PNC Bank in Clermont, FL. I know for a fact that its a conflict of interest to be an actively licensed real estate agent and work for the ba...