How do you guys finance mobile home parks? Banks of course won’t, I’m trying local credit unions and they aren’t willing to either. How do you set up a deal with a local investor? Do you give them a percentage of the ...
Hello,I've heard the 10 mortgage cap on conventional loans but today I was told by a friend that after 4 conventional loans under your name the fees or cost of conventional loans increases. Is that true?When I questio...
Hello Everyone!
My wife and I are looking to start our journey on real estate investing. We are wanting to hit the ground running. We have a couple of roadblocks that we are trying to overcome. We are struggling to f...
I have a SD-IRA and looking to deploy $180k into a real estate play. I plan to start withdrawing in next 20 years. i likely will not be getting financing as it would be a nonrecourse loan at roughly 9% and 30-40% down...
Hello all!
I have two 403b accounts from previous employers and am interested in using this money for a down payment on a property. I’ve seen info about 403b loans (doesn’t seem like this is possible since I’m no lon...
Good morning BP,My question today is on whether or not I should do a cash-out refinance or do a home equity line of credit on my duplex?Here are the details on my house.- Bought with an FHA loan in July of '16- Paid m...
Hello all. In all my classes of investing I have always been taught to use other people's money. I am looking to purchase a rental property in the near future and am not sure which route I should try for. I have priva...
Hey guys,
Im looking to refinance a single family rental that I closed December 30th, 2019 in West haven Connecticut. We bought it cash and Im looking to refinance and even if we reached almost a 2% rule Im having...
Hi BP members,I'm trying to line up my financing for my first investment property (possibly a triplex). I'm hoping to see what you thoughts are on this financing deal provided by Wells Fargo over the phone. I didn'...
How much capital do I need to buy my first Multifamily property in Miami, FL. What creative financing routes can I take with 10K-15K saved in the bank?
Thank you in advance for any responses
-AG