Michael Hooper
Commercial vs Conventional Loan for a Quadplex
I've got a contract on a quadplex for $127,000, and now I'm looking for financing. I've got 2 options so far:1) Conventional loan - 30 year fixed rate @ 4.75% & 25% down payment2) Commercial loan - 5 year fixed ra...
Felix Torres
Downpayment options for second owner occupied home
Hey everyone,I hope everyone is staying healthy during this pandemic.I'm interested in renting out my current home (single family) and purchase a multifamily, condo or single family.I don't know if there are any low d...
Ryan Howard
First Home buy Purchase
I am very new to real estate, as I only have a few months of education into this, but have been reading a lot and speaking with others who have rental properties. I am still learning more about Short term rentals, and...
Mitch Price
Tapping Into Potential Equity
I need assistance on what my options are. I currently have a significant amount of equity in my first rental property. My credit is not the best currently. What can I do to tap in to equity? I have a plan on how I wil...
Tom Tran
How do you evaluate interest rate to determine if the deal is worthy?
Hi guys,I am currently evaluating a refinance with a blanket/portfolio loan to cash out for a purchase of a 13 units...I exploring both avenues for loan; 1) conventional loan via WF which quoted around 4.75-5.25% or 2...
Rick Ducote
Financing first deal
I recently inquired about financing a foreclosure property through my local bank. The property was bought back by Fannie Mae for $65,000. Sales in that area for similar properties run about $120,000 and it probably ...
Alfredo Chavira
20% down with a loan
Hi, I'm wondering if it is illegal or if it is simply not a good idea to get a loan from say Wells Fargo, put it in my savings account and sit on it for a couple of months and then use it to help pay for a 20% down pa...
Jason Simon
Cash out refi or conventional loan?
Hi all, Would appreciate any advice as I’m relatively new to REI. I have two properties now, each with about 200k in equity. One is cash flow positive one is not. I’m thinking about a cash out refinancing on the prop...
Yuriy Mulyarchuk
We all wish we started early
Hello BP community!
Young (20) and married. Just moved to Madison, Wi from Seattle, Wi for a job. Work for a healthcare field position that’s very flexible in my time but I can’t do the 9-5ish much longer... Just not...
Nadya Babanskaya
Financing Advice /Tips
Hi everyone! Newbie here looking to jump in and buy my first rental property very soon. I keep going back and forth on financing it, here are the 2 options I’m looking at and would love if anyone could help me walk th...