Aaron Pike
First investment property-Denied mortgage
Hi all,I had saved up about 50K for a downpayment and have approx. 75K in other investments as reserves but made the mistake of switching my employment to all self-employed last year and I was denied a loan because I ...
Myles Cardenas
Piggback Loans - Looking For A Commercial Broker Who Could Assist
Hello BP Family,I'm a newby, trying to get my feet off of the ground and pull the trigger on my first deal. My biggest obstacle has been securing the financing. Hard Money rates are too outrageous, some conventional l...
Brad James
Need advice, finding good APR on money, showing small income
Here is the deal. We have a small business that is doing OK but my debt pretty much gets buried in the business so my income statement is next to nill. We pretty much buy enough to offset the income so as to grow th...
Fred Jacquet
Owner financing and mortgage insurance
I’m working on a deal for a non conforming lot with a 1, 2 and 3 family building on it. At this point all cash and owner financing are the only options that I see. The seller are not onboard with owner financing, but ...
Myles Cardenas
Piggback Loans - Looking For A Commercial Broker Who Could Assist
Hello BP Family,I'm a newby, trying to get my feet off of the ground and pull the trigger on my first deal. My biggest obstacle has been securing the financing. Hard Money rates are too outrageous, some conventional l...
Christian Morsing
Seller Finance and Jr Debt
Hey Guys,
I came across a $5mill MFH seller finance deal - 75%.
I would like to get 10-15% covered in some sort of Jr Debt.
What are common strategies used here?I see a problem just with the lien being in 2nd posit...
Alex Tang
Security Deposit for Sellers who are temporarily renting?
When a Seller wants to rent out the home until their new place is ready, is advisable to charge them a security deposit? Since a walkthru prior to closing doesn't sound useful, would a security deposit offer similar p...
Lei L.
How to protect Vacant Home while rehabbing
Just start to rehabbing and would like to know what is the most effective way to secure a vacant property in rehabbing stage. I read about the topics online and it seems that Dog, CCTV, light are useful. Without Wifi,...
Zach Gallagher
Fairmount Funding Vs Visio lending
Hey guys, I came across Fairmount funding here on bigger pockets when looking at lenders. Looking at Visio lending at an option as well.Visio seems more established and longer time in business. Fairmount is a newer en...
Adrianna Pisano
Financing/ Banking Questions
My partner and I are eager to purchase our first multifamily rental property. We created an LLC and are currently exploring potential lenders. However, we are facing a dilemma regarding the financing options. On paper...