Next month I will be able to get pre-approved for my first mortgage. I'm looking at small multi-family properties. What lender(s) would you suggest if using a FHA loan or conventional loan?
I have a simple question for some of you seasoned landlords. I have a family member that will loan me all funds I dont have available for a rental I want to purchase. After I finish all improvements and get a renter i...
Just throwing it out there to the masses... Discuss!
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $4,900,000
Cash invested: $2,100,000
We purchase a 104 unit apartment complex with other investors by ...
Dear BP, I had a quick question on commercial financing for my first larger deal, so I am pre approved from Freddie / Fannie for a $1MM purchase, I have literally just enough capital right now to do that, but limited ...
Just got off the phone with a lender that was interviewed recently on Dave Meyers' podcast.Had some of the best terms I have come across so far for DSCR loans.BUTThey DO NOT allow you to do ANY renovations (maximum pa...
My wife and I are exploring options for financing our first rental properties. We would like to free up some cash to make improvements on our current home, move out into a multi-family property, rent the other units ...
Hi BP folks - any Quickbooks DIYers out there?I just started doing Quickbooks effective 2014 and got some help from a bookkeeper to do the journal entries from the HUD1's to add the rental house assets I purchased thi...
I am planning to use my home equity line of credit that I received on my primary residence to put a down payment on a rental property. During the application process for the HELOC, I told the bank that I would be usin...
So I’m struggling with how much my mortgage payment will be after I refinance. If I buy a house for 150 and can rehab it to make it worth 250, that’s a giant mortgage payment. Even if I’m getting 1500 a month for rent...