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I’m curious to know what lenders usually require for a down payment on multi family properties? Is it usually 20% down with a certain amount in the bank in case renters are not immediately found?
Also, do loans differ...
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I have my eye on a 4 plex I'd like to buy, renovate, rent, and hold. What kind of loans are best for this? 4-Plex details: -currently occupied-estimated sale price 265k-ARV 400k, and 4k/mth in rentBackground on me: -I...
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Hello everyone!This is my first post/question on Bigger Pockets. I'm looking at 5 single family homes in Georgia. Price ranging from 45,000 to 90,000. Should I do an individual loan for each property or one big loa...
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We’ve been looking into investing into real estate and we have an opportunity to buy a duplex that has a vacant side and an occupied side. We are thinking about living in the vacant side while we build a house on our ...
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At what point do I need to get qualified for PM or HM loans. I plan to flip but what happens if that doesn't work out for some reason and I need to go with a conventional loan. Does qualifying for PM or HM usually a...
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What is the best company or companies for DSCR loans?
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I've few single family investments. I'm newbie to multi-family investment.I can make 20k downpayment, and borrow another 20k from my 401k. Can I invest in a multi-family property (without partnership/syndicate)? I'm e...
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Hello everyone!I have a quick clarification question regarding hard money loans for fix and flips. If for example, for a 12 months hard money loan, if I fix and flip a home in 6 months, am I only paying for 6 months o...
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Good day!! Quick question. I’m a new investor with 1 door and was recently cautioned about purchasing multi-family properties because investors are dumping them, especially 5+ doors, in anticipation of a Market correc...
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I am looking to invest out of state and I am considering using a DSCR loan.Who would you recommend?