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I rent out a townhouse and the current tenant want to buy it. The property is worth about $185k and my current mortgage balance is around $150k @ 5.875%. Tenant has agreed to paying $210k at 6.5% with no down paymen...
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So we have been in the Twin cities market looking for our first mulifamily property (preferably 4plex) to purchase with the plan to use FHA financing. One main problem we are having is that many seller's terms don't i...
Hello all, For seller financing, everywhere you hear that seller financing's main risk is if the buyer defaults. But if this happens, can't you take the house back because you would've had a lien on it anyway?For leas...
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I'm really interested in working with wholesalers to get a property that needs fixing so I can eventually get it rented. The main bank that I use say they won't do any type of rehab loan on an investment property. So ...
I am looking to purchase an investment property and would like some help on financing. I have a paid off property which I have been collecting rent on, as well as another investment property which I had to place a 20%...
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Greetings,I need suggestions/assistance in determining the best route for financing a possible purchase. I am looking at a property that consist of two buildings joined by a courtyard, that are in an area that is zone...
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Hello Everyone, I just purchased my first duplex and closed last week. I am now trying to get into a fourplex which my mother will occupy - she will be in the title and I will be a co-borrower on the mortgage. I spoke...
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Hi BP- buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...
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Hi BP-
buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2133504/small_1696157010-avatar-stephenl223.jpg?twic=v1/output=image&v=2)
I have an $80,000 HELOC available to use to purchase or rehab a property.
I found an $80k property in my area that will require about $60k in rehab, and the ARV will be roughly $230k. Rent will be about $1700-2000.
...