Michael DeVane
HELOCs on Rental Properties
After extensive research on HELOCS, I found only one bank (or credit union) that offered a HELOC on rental properties. They only allow a 60% LTV and a rate of 6.125% based on prime of 3.25 plus margin of 2.875. Is th...
Ryan Jopson
Lenders offering secured LOC cross-collateralized among assets
Good Afternoon,
My self and a business partner own a portfolio of smaller multifamily properties (2-4 units). We are looking to expand operations and thus are researching the lending market for line of credit opport...
Joseph Delossantos
Worries as an individual new to NYC real estate
Hey, everyone. I hope you are safe during the pandemic. So I passed my licensing and school exams in December-January. I have a question about joining an NYC brokerage - team as a new agent that will be able to provid...
Kyle Jones
Trying to get a HELOC
Hey all,Trying to get a HELOC and can’t find a bank anywhere to accept a investment property. I still rent my self. I bought this duplex for 70k and is somewhere between 100k to 120k now. Any suggestions?
Megan Hirlehey
Where to Draw the Line
Hello,My best friend's mother is currently going through a divorce and trying to sell her house. She just dropped a potential buyer after over a month of going back and forth with low-ball offers, inspections, negotia...
Ryan Jopson
HELOCs and Investment property
Good Evening;Has anyone had luck finding a lender willing to underwrite a heloc for non owner occupied investment property (1-4 units)Any insight, comments, suggestions, recommendations, etc are much appreciated.edit:...
Arnold Finkelstein
Adverse Possession Question
I understand all the requirements/rules of Adverse Possession in Alabama, but I'm not entirely clear on the required length of time. I have inferred that there are two clocks. Ten years if the party with adverse pos...
Kervin P.
Massachusetts Eviction Issue
How are property owners in Mass dealing with nonpaying tenants?I have a “tenant” who is in my unit even though the lease expired last month. I gave close to a 60 day notice of non-renewal for the lease. They claim the...
Mary Umoh
Brokers Specializing in Leases
I’m set to take my real estate exam in PA and wanted to know if anyone could recommend any brokers that specialize in solely working with leases.
It’s a small niche that I can’t find many brokers doing in Philly.
...
John Walker
Advice needed for new rehabber/Investor (NJ)
Hello everyone,I’m relatively new to this site and wanted to get an opinion on my plan to break into the real estate market. Ideally, I want to begin flipping in the Central New Jersey area. My initial plan is to pu...