We are looking into a 60 unit project. Our commercial lender typically offers a max amortization of 25 yrs. Would you recommend we make connections with a longer term lender that can offer a 30 yr amort? Overall purch...
Hi guys,my partner and I a re looking at a MF deal that has some value add and the numbers make sense.The deal has a caveat though. There is an existing loan on it that has a "yield maintenance prepayment penalty" tha...
I am looking to acquire a triplex (rental property) that needs a significant amount of work. I will need to pull a loan to mortgage the property and to cover the cost of the renovation work. I am finding that the bank...
I have 2 rental properties one has 78k loan left on it Appraised for 170k last year. The other was my primary residence until 2 months ago before I turned it into a rental. I have not had it appraised but with recen...
Are there any reputable lenders today allowing 80/20 combined loans? There's all the talk of purchasing properties with the lowest down payment. I've found a few sellers who are willing to carry a 2nd for the 20 - 2...
Hello Everyone!I recently discovered the BiggerPockets book series and website. I am currently reading the book series and learning everything I can. I'm really glad I found it because I have been interested in real...
Hi all,I am leaving my current company in October and would like to find out what the best way to use my 401k for down payments is. I like the flexibility of being able to take out 401k loans, are there any products ...
What is a turnkey investment? What is a turnkey project? Are these two the same? Or are they different? And I know its an alternative to buy and holding properties but could someone explain to me also how "buying n...
Caveat, I'm very new to this, so please forgive me if this question is confusing. I am working the BRRRR calculator and am talking to hard money lender about a loan for the full purchase AND rehab costs. But the repor...
Hello,
A seller has 2 small cash flowing properties for sale.
One is $80k, the other $30k.
Will a lender even lend on a small $30k investment property?
Will a lender combine these for a portfolio loan?
I would as...