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New to DSCR loan. Does local credit unions do DSCR lending, or one must get it through broker or a loan officer? I am in Phoenix area, any suggestion of good source for that? Thanks.
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I'm thinking of buying a house in Cary near my brother, not necessarily an investment, but of course I do want to get a good deal. I was planning on doing 10-20% down. Cary is very competitive. My agent suggested that...
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COVID-19 is having an impact on the entire country. I'm curious to hear what others are seeing in their local market. How has it impacted your investments, your local market, or your state-wide market?1. Has the state...
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I recently place an offer with HUD and it was accepted. After HUD received the contract, POF and EMD they decided my pof would not work for them. They wanted a notarized letter or bank statement with available funds w...
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I've recently had some students interested in renting from me. They will use student loans to pay rent. My screening criteria requires income of at least 3 times the rent. How do I qualify these students when they ...
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So we are looking for some advice...
We've identified our 'farm' and have been studying and getting to know the recent market. Our primary interest is fix-flip (with BRRRR as a VERY acceptable alternate exit strate...
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BP Community:
Hope you’re all enjoying the bear market!
My name’s Stuart, I’m an agency multifamily lender with Berkadia that finances apartment buildings throughout the Western US with Freddie Mac and Fannie Mae. ...
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How It All BeganSo, picture this: it’s 2024, and I’m 26 years old, stepping into South Florida like I’m starring in my own “rags-to-riches” reality show. By August 2023, I packed up my introverted self, moved to parad...
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Hello BP members!! Just wanted to start this forum for new and seasoned multi-family investors. Base on your experience, what value adds do you look for when evaluating a multi-family property?For example (try not to...
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Hey guys,I am looking for advice regarding payment automatization vs old school checks. Here is the story.I recently acquired a small storage facility (34 units) in Carson, WA (40 mins from Portland). It has been work...