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When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...
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Planning on doing an owner-occupy with either a conventional or FHA loan for a condo in a 3-4 unit building. Great school district, close to the city downtown area, very close to train station leading into Chicago.Ask...
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BUILDING TWOA) Previously I posted a projection for a $135,000 pair of townhomes (BUILDING 1), which came to about 34% annual return on the value of the building when rented as a nicely furnished pair of townhomes. I...
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I'm looking for advice on how to handle HVAC maintenance for my rental portfolio of 30+ units. I have signed up for annual service agreements for some of my properties but not all. I have agreements with a few diffe...
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Hello guys! I am quite new to real estate investing with nothing but my primary residence under my belt, so I need some insight as to what I may be doing incorrectly. I am looking at this duplex in Arlington T...
Hello BP members, I have a question regarding getting financing for real estate in the price range of $300k-$500kI Intend to hold the real estate in an LLC I would be the manager of the investment and take a 40% stake...
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I am looking at a rental in my area for $125,000. It has four units currently being rented out and a 5th unit that is storefront and vacant. It has a current annual rental income of $33,000 and $2,750 per month. The n...
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Thanks BP.. I am a 60% owner of a property that is unique, has single family 6 br home (is rented) and 2 separate double bungalows total of 4 - 1 br apartments that are rentals. I manage the other owners 40% interest ...
Hi all,I'm wondering which institutions are currently the best for a commercial building line of credit. Asset type is retail. I have calls to Chase, Wells and some smaller banks. Any specific lending institutions I...
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Hi, Everyone this is my first post but wont be my last. So happy to be apart of the bigger pocket family.
So question, I currently house hack and have 2 formal rental leases for my current home. I am in the process ...