Cole A.
Finance multifamily using SFR equity-- downpayment?
If you own a SFR free and clear, anyone know if you can use the equity/ property as collateral to obtain financing on a small multifamily to bypass the traditional 20% down payment required for conventional multifamily?
CJ M.
EIDL-Terms & Conditions. Where and what are they?
Hey BP,Did some searching to no avail. Where can I find the full terms and conditions of the EIDL? (url please) I was just approved for more than $25K and would like to better understand the collateral piece. I only h...
Kevin McCabe
Portfolio loans
I now have two separate houses under two separate portfolio loans. With the forthcoming third house, I would look to get a blanket loan and put all three under 1 loan. For those who have done similar deals, how do you...
Manuel Sarabia
As a Junior lien holder, can I pay the 1st mortgage at a lower am
As a junior lien holder, can I negotiate with the bank on senior lien to pay it off at a lower amount? Is this a possible strategy?
Douglas Whetham
First small business loan questions
We have a warehouse that needs a few repairs. We own the building and property in full, and is appraised for $350,000. The property has been rented continually for 10 years, current rent is $1000 per month with $400 N...
William Powell
Bank and Loan officers suddenly go silent
Good good credit, 6 properties paid off with plenty of equity. I went to local bank president and spoke with them everything sounded good. I told them that I wanted to do a cross collateralized line of credit so I can...
Tiwana Merritt
Refinancing to buy my second real estate deal- need advise
I wonder if you can answer this question for me- if I use my house to secure a loan for a second property, how long does my first property have to stay as a lien (I think that’s what it would be called right?)? I want...
Dami Gonzales
Newbie with an idea looking for advice
Hello, new here. I have about $55k in cash/stocks right now. I have a pretty good income, currently living near Phoenix Arizona. Living with roommates to keep my rent cost lower. I have an idea. Would love to hear som...
William Walker
Buying a portfolio of rental properties
I own a few SFH rental properties and have for years. Own my primary residence and have refinanced both so I’m familiar with the lending process/steps. I’ve been looking at local multi family properties which has led ...
Daniel Dietz
How to Legerage a Private Note?
Hello All,
I recently went into a 3 way partnership with my brother and uncle where we are all using our SDIRAs (merged into an LLC) to buy 'Buy and Hold' properties. We have one so far, and likely will b...