I spoke to a local community bank officer to get a loan under my name . He said they will lend only to LLC under commercial loan to fund even a SFR or a Condo ?? I thought they prefer to loan to individuals instead to...

I found an 8 plex with 7 extra acers approved for 70 more units. They were asking $400k and I casually offered $240k and was told they would work with that number. I talked to a few commercial loan officers, and they ...

I am looking at my first investment property for a buy and hold rental. It is a duplex with the current owner as the occupant and their son as the tenant of the other unit. The parents are moving out. The son would li...

I am working with a realator who presented with me with an off market property. 4 Plex, Class C neighborhood, being renovated, with rents of 3200.00/month post renovation. I haven't seen any pictures of the renovation...

I made an offer on a foreclosure (REO) property in my area.  The company handling the foreclosure for the bank accepted my offer 3 months ago and informed us that the bank would take about 4 months to close the deal. ...

Hi all! I’m new to Bigger Pockets/REI, but I’ve had my eye on jumping in for a while. I’m now at a position financially to invest, yet as a look out into the market, the properties in my price range, and limited they ...

I am looking to protect my assets (undeveloped land, primary residence, investment accounts) as I build my rental properties up. I can’t put the rental in an LLC as it’s already under loan backed by Fannie May.
I tho...

Hello,New to the group but learning a ton and interested in feedback from others especially tax professionals. I'm considering partnering on a flip in Southern California. I have a regular 9 to 5 but know someone in r...

Hello Everyone,Got a question concering MF 5 +.  What are typical lending terms for smaller MF investments (<20 units) upon purchase.  I've only dealt with a Credit Union and I'm only able to get 5 year term, 20 ye...

Hey all!  Looking for some of your experiences with Homesearch.com and being the highest bidder with the reserve not met.  Here is where we are at:The house went to the MLS and the Homesearch website two weeks before ...