Akshay Bhaskaran
Seller Financing @ 2% with 15 year Balloon
Newbie here trying to learn Seller-Financing. So, I came across this deal in Texas, and here are the numbers:Seller financing:- Purchase Price: $285,000.00- Down Payment: $40,000.00- Interest Rate: 2%- Amortization: 3...
Brian Knotts
Cash out loans on rental house held in LLC
Hello all. I tried to get a 30yr "cash out" loan on a rental house I owned for outright in my LLC (for over a yr).... Toward the end of the loan process i was notified the loan was dead since I had not owned the hous...
Ron Steele
Financing 5 duplexes need help
Hello everyone,
i have an owner is looking to sale 5 duplexes at a great price. They are all rented and producing great cash flow. He states he only wants to sale as a package.
I contacted Wells Fargo about financ...
Choon Yee Dee
Hard Money Loan for Fix and Flip
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...
Daniel Kong
Mortgage modification from a Lender perspective
Hello, so I'm currently lending to another investor using my LLC. I have a mortgage and note on the property in question. If I wanted to update the principal balance and terms of the note, is that something I could ju...
Eileen L.
Financing 2 homes in bundle
Can someone please explain to me how it's possible to bundle 2 homes into a purchase while financing? I was originally looking at purchasing one home for about $140, but have found someone selling multiple low priced ...
Adeel Syed
USDA Business & Industry Loan
Hi BPI'm looking to buy a strip mall in rural Michigan for 2M and 90% LTV. I figured I could get this done through USDA and have a lender who's quoting 6% on a 30 year adjustable quarterly. How can I make sure this ...
Andre Houston
Help on figuring out financing options without w2
Hello my is Andre Houston I have 2 rentals and a primary home I'm ready to purchase another home but I don't have a w2 job anymore I have about 60 to 70k saved up I wanted to try an do a brrrr basically put 20 or 15 ...
Slaiman Atayee
Analyze my first potential BRRRR deal
Details of my first potential BRRRR deal are below, with specific numbers given by my private lender and bank for refi. The rental numbers come out to roughly 1.08 DSCR, but really in this for the principal paydown, t...
Robert K.
Using line of credit on a rental property?
I purchased a house for $25k that is valued around $60k. I had some extra appliances and paint etc to clean it up, and currently have it rented out. Am I able to do a line of credit for this property (it is paid off) ...