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So I found out you can now use FHA to acquire mixed use properties with up to 49% commercial component. The multifamily market in my area is totally overwrought (if you can even find something on the market at all) so...
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Hi All,I have spoken with a few friends that are looking to purchase some buy and hold properties in the NYC/Westchester/Lower Hudson Valley area. We are deciding on all putting in a fair share of $50k each to start....
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Hey BP!Reaching out to get your thoughts, comments, concerns on the Malden Multifamily market. Thanks,Dan
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Is there a way to estimate a default amount from a senior mortgage lien before biding at the HOA foreclosure sale ?
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Scenario:House is worth $65,000. (BPO)Homeowner has a 1st for $58,000 and a 2nd for $15,000. (CLTV 112%)Purchased the NPN 2nd for $2,000She is behind on both her 1st and her 2nd by about 30 days now. The homeowner ...
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Are there any line of credits on INVESTMENT property that one can make in Texas? I don't need lump sum, I need excess to equity when I would need, aka HELOC like investment.
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Hi All, I am looking for to obtain a commercial home equity line of credit for a few homes owned in Flint, Michigan. The properties are owned out right ( no loans ) and they are under an LLC. If anyone can kindly shar...
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Hi!I'm currently 2 weeks away from finishing renovation and just got a call from my contractor stating that the common area of my unit had a pipe burst that leaked into my unit and ruined the entire flooring! To make...
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ScenarioHouse 1= primary residence remaining mortgage around 270kHouse value =700000Monthly mortgage:2000House 2= investment propertySitting vacant from last 2 yrs.Buying price:450,000Remaining mortgage :330,000Month...
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Hello y'all
I'm a complete Rookie but have signed up for the Rookie Bootcamp, so I'm excited to get this going! I'm playing around with the calculators and understand the concepts enough, but what I'm getting hung up...