Demetrius Gadson
New Member from Central NJ
New member who is also new to the Hamilton/Trenton NJ area. I am a fairly recent college grad who is starting a career in commercial appraising, but my ultimate goal is to invest in multi family investment properties....
Nick Shri
Do you negotiate HELOC interest rate?
I have been researching HELOCs and I have narrowed on few sources. Some offer 95% CLTV and some 80%. Some offer 1.99% for first 6 mos, then 2.99% with a floor of 2.99%, while some offer tad higher interest rates.
My...
Vaishnavi Thaker
Strategies to invest for multiple real estate properties?
Hello people,
My husband and I recently bought our first investment property. However, we need insights into the strategy used by the investors to buy their second and third investment property consecutively!
We wou...
Zac Vaughan
Ouch... This one really hurt
I have been working with a lender for the past 2 months now. I do not have the best credit(work in progress) and he told me he could get me pre-approved for $250,000 with 3.5% down(FHA), but I have to improve my credi...
Choice Crosby III
Assuming an FHA loan of a SFR for investment
Can an FHA loan be assumed if the intention of the purchase is to be an investment and not a primary residence?Thanks in advance.
Chrissy Gray
LLC Partnership - Operating Agreement / General Questions
Hi All,I am about to close on my first investment property in Myrtle Beach, SC with 2 equal partners. We plan to create an LLC Partnership for the property.They are both located in CA and I am in NV, but plan to reloc...
Andrew Olsen
Looking for a bank that allows a HELOC on an investment unit.
I got Merrill Lynch or Bank of America telling me they will not put a HELOC on a investment property. Anybody know a lender that would allow at least 75% LTV with a line of credit? I want the flexibility.
Jorge Rivera
Multiple properties under one mortgage?
I like to get people's opinions. I'm curious to know if it's a good idea to have multiple properties under one mortgage? What would be the pros?(If any) and cons?..... Thank you in advance.
Justin Lee Taylor
My first investment property as a house hack
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jonesboro.
Purchase price: $96,000
Cash invested: $4,100
I bought the house with two tenants in it and I have to honor th...
Sanjay Gupta
Can we refinanace loan when it is listed on MLS
We have hard money loan and house is fixed , however we don't have buyer yet so would like to refinance from Hard Money Lender to conventional lender. When we talked to WellsFargo, they said you can't refinance, if it...