Joseph R Fornwalt
Buying a Foreclosure
So my initial REI strategy/goal targeted multi family properties. However, without any capital, I've started to think I need to change my strategy to at least get started because the multi family market where I'm loca...
Francis A.
Closing costs in Minnesota
Hi,What do closing costs in Minnesota average for multi family dwellings (duplexes, triplexes) specifically? IE: Building costs of... $150k =? ; $200k = ?; $250k = ?; $300k etc.and so on. Is there a rule of thumb to o...
Brent Parsons
Buying Rentals with Friends in Different States
Came over here from ChooseFI - glad to have found this!I’m part of a group of 4 friends who all have stable (but demanding) jobs who are looking to diversify our investments from the standard pre-tax/401k and taxable ...
Diana Bakema
Closing Costs (on a FHA Loan)
Hi everybody!I am doing some research on the “cost to buy a home” within a FHA loan.Besides the downpayment, we have those closing costs.As i am looking in FL with a credit score of 720/730 how much would that be?Any ...
Seetha G
Multifamily - Commercial Lending Process
Hello AllAs you all know for a residential property we provide pre-approval for loan along with the offer. Will that be same for Commercial properties too? Is pre approval letter mandatory? Does commercial lender loo...
Wayne Stevens
Got my pre-approval for house hack and now lost job
So I finally got my courage up to jump into real estate, got my pre-approval done. Found a nice house that I was about to make an offer on to start house hacking, and then life came around and gave me a sucker punch t...
Fritz Allen
Financing a vacation rental expansion
My wife and I currently own and operate a small cabin rental business in Southern Colorado on the Rio Grande River. We currently have 3 cabins and would like to expand. We stay very busy and turn away more business ...
Joel Culler
All Cash or Leverage on First Rental
Hi Everyone,Like many others I am new to this form of investing. In the past I have focused on dividend stock, primarily REITs, but would like to move in the realm of real estate investments. I have around 100k that I...
Tim C.
HELOC or Conventional Financing?
Hi BP,I am looking to get my feet with an SF investment property this year and have a few questions about getting financing from the bank. Question 1. I own my primary residence free and clear and it is worth $75,000....
Bambi Griffin
Out Of State Mortgage Application W/ Transferable Business?
E-Commerce business- (online internet retail sales nationwide)Would this be considered in the application process as a "transferable business"? More specifically meaning if this was operated in one state on the west...