Jay P.
Debt Service Not Paid by Property Cash Flow
If you pay your debt service from money earned outside of the property's cash flow [W2 income], do lenders consider that or do they look at the numbers from the property as all inclusive to the property?
Nicholas J.
Rate lock “typical fee”
I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...
Yoav Gal
Conventional 30y loans to foreigners, do they exist?
Hi,
Has anyone of you, foreign investors, managed to refinance and get reasonable interest rates on conventional 30-years loans without credit score?We're not asking for specific lenders referrals, but would like to ...
Mark Harry
I need lenders
I put an offer on a property and now shopping for a good source to finance the deal. Here are the details:
- REO Bank owned. purchase price 180k in Lowell Massachusetts. 2 family residential in a great neighborhood, ...
Katara Ward
Listr.com reviews short term property manager
Has anyone ever enrolled in Listr.com. This site is supposed to train you on how to become a short term property manager without startup cost or investment for those who do have the cash. Can you give me feedback? Is ...
John Divine
Curious about purchase option agreements
Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). In my mind, the agreement would look loosely ...
Adam Teebe
Help regarding Miami zoning rules
Hello all,I'm looking at purchasing property (Duplex) which is on a 4,000 sq foot lot and zoned T6-8According to Miami21 the minimum lot size for any sort of zoning always requires lot size being 5000 sq foot minimu...
David Gjeldum
Transfer of ownership to a LLC, frees up credit?
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
Jacob Beg
Should I replace the roof or just lay a new roof on top?
Hi All-I am rehabbing my first multifamily 6 unit building with a flat roof. This has a torch roof, and I don't have much experience with these sort of roofs. The roofer has given me a price for removing the current r...
NA Burkart
Tenant sublet house without permission...
I am looking for opinions on this scenario. A fellow investor was looking for some cash for a new investment. I agreed to purchase a SFR from him. It was tenant occupied, managed by a PM that I knew. A good cash f...