Nelish Patel
DSCR loan rate is high
Hello everyone. looking for some advice. Found a property I like to make an offer on. Contacted local DSCR loan officer and was told the best rates would be 7.325% with 30% down and that’s with two points. This seems ...
Christopher Morris
Newbie Mistakes - How to Avoid
Hello BP, I’m a newbie investor and I’m a believer to never be the smartest person in the room… So I ask you all: what are newbie mistakes in Multifamily investing you typically see or have encountered yourself? How c...
Keith Winkelmann
STR vs LTR - Not Having Enough Rental Income to Pay the Mortgage
Hello BP! I am new to this adventure and want a STR in Galveston, preferably near the strand. My concern is that the home won't be able to pay for itself in the off season; non-summer months. I'll have to pay the diff...
David S.
Refi into personal name, or stick with LLC?
I have a duplex in St. Paul that is owned by my LLC with a mortgage and a second tied to it both at 5.5%. They're coming due in September, and I am trying to figure out the best options. My current lender quoted me 8....
Gianni Piccoletti
Scaling your REI portfolio
I have a small REI portfolio based in South Florida and looking for creative ways to continue scaling it in this tough market. Would appreciate anyone that wants to bounce ideas off each other or see how we can help e...
Amanda Feack
Unique situation - negative cash flow OK?
Hi All,I have a unique situation - I bought a house all cash in 2021 in Omaha and rent it long term making all cash flow (minus taxes/insurance). I also rented my primary residence in Denver and have $800/mo cash flo...
Ismael Ayala Jr.
Traditional lending wth open HELOC
Would a unused, open HELOC affect my credit worthiness or increase the risk in the eyes of a traditional bank lender? I'm honing in on a townhome that's closer to work. I have 2 SFH. I live in one and rent the other f...
Zachary Yelder
Luxury Short & Midterm Rentals in downtown Greenville
I have a 5 bed, 4.5 bath, 4,445 sq ft home on the famous August Rd & Faris in the 05 of Greenville. I'm not having any luck selling it so I'm thinking of pivoting to a midterm and short term rental as a buddy of m...
Peter Chan
What are some of the benefits I will miss out by paying cash as a 1st time homebuyer?
I will need to find a small place for myself and rent out additional room if necessary. Taking out a mortgage may not be easy since I don't currently have a 9-5 job. Plus, the mortgage rate is still high and I am not ...
Elwin Green
What are the equity-based financing options for a free and clear investment property?
I own a property free and clear, that I want to rent out. First, it needs work. Since there's no income yet, I assume that DSCR financing is out of the question. It needs about $70k of work to bring it to an ARV of $1...