Stuart Cairns
Creative Financing for a 4 unit
I am looking at a 4 plex which needs 20% down. The owner will take 10% less than asking price. I have 10% down. Is it possible to finance the property using the 10% discount of the property price. Hence using down pay...
David Walley
Adding options for home financing to Mobile Home Brokerage by creating of notes.
I'll start by telling you I live in Florida, the capital of mobile home parks. I'm considering starting a mobile home brokerage and including a platform where sellers can offer to hold notes on the purchase but have n...
Adam Craig
When do I have leverage on Property Manager
I have 4 single family homes and just closed on number 5 - I plan to keep going. When do you think I have enough to negotiate rate/fee reduction with my property manager?
Ryan Arth
financing multiple NOO rentals
I am in cleveland and using wells fargo as my lender on my rentals. they only require 10% on NOO under 4 units and the rates are only about 1/2 point higher than primary residences. most other big bank lenders in the...
Tariq Hakeem
Fannie Mae tightens standards on investment and 2nd home property
This upcoming change from FNMA will restrict lenders to a maximum of 7% of their loans as investment properties and second home transactions. The easiest way for a lender to restrict transactions is to increase their...
Account Closed
Mortgage or no?
Hello all!
After reading about benefits of being a landlord, I have finally entered into sales contract of my first investment (kind of, will explain) condo!
Sales price is $280k and with $500 HOA and $600 tax month...
Peter Fokas
Offer discount on rent to be on-site super. how much?
Was thinking of offering an apartment to handyman type and offer him discount in exchange for being an on-site super for handling any "handyman" type of jobs (i.e. painting, install carpet). What sort of % discount...
Ruchi Patel
Mortgage broker fee
Currently getting a second conventional loan on a 2 family investment property (25% down). So basically I went through a local mortgage brokerage firm and the loan officer all along told me I was paying 1% in point fo...
Bob M.
PPR Note Returns only 5%?
I have been watching a lot of the Re-Performing 2nds PPR offers up each week and noticed that the interest rate on many of them is only 5%. I guess I am a little confused why so low when I myself (with excellent cred...
Adam Allard
Purchase occupied duplex with hard money and immediately refi
I have my eye on a great deal, but the seller isn't willing to wait for conventional lending. This duplex is currently being rented out, so I'd imagine that it would qualify for conventional lending in as-is condition...