Reid Smith
SBA 7(a) in Hospitality
Hey there, Under contract on a 16 room Motel and Restaurant. Seller does not want to hold paper. To my surprise, local banks are a bit disinterested in the Hospitality sector right now. Pro Forma looks great, stron...
Kelly McMillan
Mold! How to finance/remediate if I can't appraise?
We have an offer on a duplex with some extensive mold. I've dealt with mold, and plan on gutting and renovating regardless, so it is not a big issue. However, I didn't realize our mortgage broker can't get an apprais...
Ifeanyi Onyeonwu
Is 8.875 a good Dscr rate today
I am unsure if the rate is good. I am concerned about the prepayment penalty of 11k if refinanced before 5 years ( would have paid 120k but 10 to principal) on a 220 cash loan
Kevin Rodriguez
Moving Forward Advice
I am looking for some advice on how I should move forward in my Real Estate Investing. I currently have two VA loans out one which I am using as my primary residence in San Diego (Town Home) purchased 1 year ago. Anot...
Kate C.
Timing for Cash out Refinance on Rental Home
Any insight into cash-out refinance rates on rental properties? Are there any Covid-19 related impacts of rates for new loans under 519K? I am considering taking out 150K cash to reinvest in a home worth 800K- curren...
Brandon Dean
First Investment Property (Gunboat Duplex)
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $160,000
Cash invested: $44,500
1st Property
Type: Duplex (each unit is 2x1.5)
Purchase: $160,00...
Alexander Seiz
Rehab Write offs, LLC vs Personal Finance
Hey BP Gang!
I have a question for the group. I'm currently under contract for a triplex in Washington. Its about 3 hours from where I live and I'm considering purchasing a truck to take tools over. I own two other p...
Richard Rozo
NYC no money down disaster turned profitable investment.
Investment Info:
Condo buy & hold investment in Rego Park.
Purchase price: $250,000
Cash invested: $25,000
Sale price: $413,000
In 2006, real estate market was in a bubble and I was afraid I ...
Brian Corbett
Privat lender agreement
Hey Pro Members,I have done a couple of deals recently with family members and friends that have loaned capital for down payment, closing cost, and rehab. I have the loan for the 1st mortgage in my name, so that is m...
Helen M Leyzerovich
Possible Cash Out Refinancing??
Hey guys - Newbie here! Thinking to put an offer on a property. The cost is low enough where I can purchase it all cash and that's the requirement in purchasing this single family home. The home is in rough shape but ...