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Hello,I am currently looking into buying my first investment property (potentially small multi-family). I have bought my Primary Residence and another 82 acre land purchase thru a local bank in which i have gained a p...
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Does anyone have experience refinancing a rental property to cash out refi a cash flowing property, only to turn it into a non cash flowing property after increasing loan amount from cash out? property as follows:cur...
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I have two fantastic long term tenants that I'd like to keep. Both always pay on time and take great care of the place. I thought that the proper notification of a rent increase was only 60 days notice, however, I res...
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Hey BP Fam,I'm looking to do a cash out Refi on a 4plex that I own just outside of New Orleans. I'm considering doing a commercial loan and transferring the property into an LLC. I've been quoted 6.25% with 2 points a...
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Hi Everyone, Newbie here...I've always been told "Never pay points on your loan!" But is there ever a time where it would make sense to pay a point or 2 on a loan as an investor? Is this the market to possibly be payi...
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Hi,
I want to get a 200K HELOC (pulled from my current owner occupied property) to use as down payment for a second primary house, which may be owner occupied primary or investment. I have 2 options:
1) Bank1: P...
Hi there - I'm looking to buy a SFR such as a 3 BR / 2 BA and right after convert it to a smaller SFR and ADU. I would then like to convert the garage into a second ADU and rent out both ADUs. I make $20k gross monthl...
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Is it a good idea to invest in a STR in Naples, FL?
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I’m having a difficult time finding a lender who will refinance my SFH in KY. Bought with cash, ARV $90k seeking to refi $60k. Credit score over 800. Some lenders offer ARM and Balloon loan options, but not fixed rate...
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Hey everyone!
Wanted to see what my best options are in this situation:
I want to borrow 200-250K as a NRA(non resident alien) with no credit history, to invest in a syndication deal.
I have a rental property that’...