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Read post 1. This is a broad discussion. There are many ways to finance by situation.A. Sources- personal, collateralized assets, Credit Unions, Conventional Banks, Hard Money Lenders, Relatives, SBA, Farm Credit ...
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I have 3 small deals that I'm trying to refi into a portfolio loan. 2 of them are already at 70 LTV. however they are all in the $100k range in price. Wanted to refi all together. My 3rd deal is 35% LTV. I would ...
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Hello everyone! I'm studying the BRRRR strategy and hope to purchase my first rental property later this year.When working with Banks/Credit Unions using this strategy, should the bank I use to refinance be the same b...
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I found a fourplex located in Cleveland which is worth around 220k and want to purchase it. According to its description, it is actually a triplex + single house in a single lot, seem perfect ideal for a househacker. ...
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Hey guys Im trying to pull off a BRRRR in my area and I'm curious to know exactly how can I estimate or determine the ARV? Is it by comps in my area? or Is it best by using the rent that it can command after the rehab?
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Until you get a good price?
For example, I offered 275k on a property, and they countered with 370k, which is probably their BPO.
Then if I counter at 300k, do they usually counter at lower than 370k? Or will they s...
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Hi all,I know residential properties are valued using comparable sales. But do rents come into play at all? Say you have two triplexes that are identical in most every respect, except one rents for $500 per unit and t...
Hello everyone,I'm looking at purchasing a MFH soon and i've begun the process of researching different lenders in the area. As I bank with PNC, I started with them first, but they may not be the best fit for my need...
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I'm a new investor in the Central Florida Area. I'm looking for opinions on whether I should use a mortgage broker or direct lender, in order to finance my first deal. My final goal is to get a good deal and service w...
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So, this is probably my fault for not doing a better due diligence ahead of time.We got under contract early Jan for a closing date of Feb 20, and this is my first time buying a house. I got a pre-approval from Lender...