Benjamin Foullon
Looking for Financing
Hi everyone! I found a duplex in the Cleveland area that is listed for 85K and rents come out to around 2k/month. I would like to use a DSCR loan, but I've heard that you can't use DSCR loans at that price point. Is t...
Jonah Kubath
Refinance Personal Home for First Rental property
I have owned my home for 2 years now. I have roughly 140k in equity and I am looking to do a cash-out refinance. The cash will be used to start the BRRR method. I am looking at houses around 200-300k and then renov...
Devin Chong
Small Multifamily Conventional Loan Rates?
I got pre-approved from a lender recommended to me in the Ohio market. But feel the terms are high especially with the Fed lowering their rates recently. It is a fixed 30 year conventional loan @ 5.25% for a 2-4 unit...
Rob Randle
High End Condo Rental - First Possible Deal
Hey guys, been lurking for a bit and decided to make an account.I am looking at a possible deal on a condo in a higher end neighborhood. Let me say that I have a relationship with the HOA and maintenance association ...
William Tong
How to attract a National or Franchise Tenant
I own a single tenant commercial building ... in front of a large but aging strip mall with a BiLo and Babcock across the street from a Subway, DQ and a new Verizon. Also about 2 blocks from a Home Depot and Walmart....
Dakota Ferguson
How do I shop for a mortgage?
Hello BP!
I have been browsing the forums and researching about a year now. IT IS TIME TO GET THIS FIRST DEAL DONE! I plan to get a deal within 90 days.
First step securing financing. I plan to house hack my first d...
Kadia Lawrence
What to honor for changed rent ad?
Hello,
I am wondering how this would work. Are there rules, particularly in Pittsburgh, PA, around what you must honor for prospective applicants if you change your rental rates and concessions? If for example you re...
Craig S.
Helpful Information On FHA Financing -- Q&A.
Hello All,
I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...
Sang Ji
How to take the equity out of an investment property
Hello there,
I have a quick question about how to get the equity out of my investment property.
I have a single family house that I’ve been renting longterm in Atlanta, Georgia.
Bought it at $180K and paid off abo...
Sung Woo Kim
Local lenders vs. national lenders
Hello everyone!A rookie/beginning investor here.I'm trying to purchase my first property (primary residence for the next two years and then rent it out) in North Carolina.In the process of mortgage shopping for VA loa...