It looks like I will hit my 10 loan limit in the next few months with 3 new deals I just started.My initial plan was to pay off my smallest mortgage 70K by doing some equity stripping/refinance of 2 other investment p...
Hi All,
Hoping for a few opinions. I have a duplex in a very trendy and fast growing area on the west side of Cleveland (Gordon Square). I bought the place almost 5 years ago.
This year I decided to update both uni...
My husband and I own our current home free and clear. It needs work (mostly cosmetic) to bring it up to par in order to rent. It will rent as a 4/1.5. About $1000-1100 in our market. We have attempted to get a HELO...
Hello,
My question is about the seller profile sheet.
I would like to know what 10 (give or take a couple) questions you ask to screen the seller when you receive a call. The type of questions that can tell you if y...
This is not intended to be a doom and gloom thread about any potential economic downturn some time in the future, but rather discussion regarding the proper position oneself to benefit resulting from such an event.I w...
By now you might have heard that a few financial institutions in the US and beyond have run into some difficulties..Somewhat counterintuitively the implosion of SVB bank and the downgraded risk of other regional and i...
Hi all, need some advice. I am looking at doing a cash out refinance / portfolio loan for 25 years at 7.5% interest on 5 of rental properties. Be nice to get 30 years if possible but no one local does that. My paym...
What does multifamily underwriting look like now given what we know so far of the impact COVID-19?I know there are very few new transactions going under contract right now given the huge amount of uncertainty that sti...
Good morning! I'm looking for some suggestions regarding how to refinance out of my current 5/1 FHA loan that we took out when we bought a two-family investment property. We did the FHA so we could keep the cash for...
For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below ...