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Hi BP Community,I'm looking for recommendations on (preferably) Oregon-based mortgage lenders who specialize in NOO mortgage and potentially Commercial lending. I've typically worked with more traditional bigger bank ...
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I am nearly ready to get prequalified for a loan and buy a property in Joshua Tree or Big Bear area. I would like to take advantage of the Vacation Home loan with 10% down. These locations require a property manager a...
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I have a 7 house portfolio I purchased at a 12.5 cap. Severely under rented. Used commercial lending, but late in the game they bumped me from a 20yr to a 15yr term. Performed commercial mortgage appraisals on all 7...
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I'm looking into buying my first investment property in the Hudson / Essex county area in NJ. I spoke to my accountant and he advised that I open up an LLC to protect my assets. It seems a lot of investors (especially...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $900,000
Cash invested: $900,000
Sale price: $1,200,000
This 8 unit Multi-Family was on the market for 1....
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So heres the idea.... lol I want to build a duplex, but dont want to tie up a ton of cash in the process. I was thinking about borrowing $200k from my margin account threw Edward Jones @ 4.5 % (i think i have a year t...
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I have built a SFR/duplex/fourplex portfolio using mostly BRRR strategy over the last 5-6 years of about 85 units. I have most financed with local banks/CUs with good commercial terms - 10 year terms (on average), 25...
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Hi BP!My husband Derrick and I have flipped two owner occupied homes and generated over $100,000 in profit. The first house was mostly sweat equity (yes, we’re still married 😉), and we learned a ton. We had no idea ...
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Hello BP, what are the lender requirements for Mid-Term Rental income? I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns.. Can't ...
Need flexible funding for your deals? Private money could be the answer. Whether you’re looking to dodge the bank or want greater control over the terms of your deal, that’s exactly what this creative finance option c...