Patrick Howell
Can you refinance a homepath mortgage?
Has anyone ever done this? This would be my goal.... Purchase a homepath eligible property as an OO that I think is undervalued through Fannie's Homepath mortgage program (3% down payment).
Then, hopefully, refinan...
Mark Maynard Jr
Experience with DSCR Lenders
Does anyone else seem to have the same experience when applying with DCSR Lenders?Background: I am currently working with a lender in New Jersey who calls themselves BRRRloans, parent company Orbit Capital. I have to ...
Pavel Shemyakin
HML for buy and hold.
Good afternoon my fellow BPers! Hope everyone's day is going great!I know that it is common practice to use HML for financing flips, but what are the draw backs of using HML to get favorable pricing on a buy and hold ...
Lloyd Stein
Cost of loan vs BRRR
I'm a newbie and the other day I was on the phone with a mortgage broker and when I asked him about rehabbing and refinancing he told me it wasn't a smart move. He said the cost of the refi might end up eating up any ...
Anna Ahhee
I NEED HELP CONFRONTING A SLUM LANDLORD..
I need advice on how to confront a slum landlord that benefits both sides. Heres the situation, the tenants currently renting the property are paying $1150 month and complain to the owners about major repairs need...
Sam Giberti
A Combined BRRRR, FHA 3.5% Down Payment on a Quadruplex
I think a lot, especially when reading, listening to youtube/podcasts, or even just laying in my bed before I go to sleep.For anyone that wants to, please step in and tell me where the flaws are in this plan. I'm not ...
Tae C.
Delayed Financing for BRRR
Hello all,I’ve been trying to figure out exactly how delayed financing exemption works and how it would apply with a brrr strategy. Obviously we typically talk about brrr as finding a distressed property and making su...
Craig Willard
Bad Accounting
I found a stash of duplexes that I have become interested in potentially purchasing. The numbers look solid at 13% Cap Rate. The 2% rule is at 1.5 and COC return is close to 30% (20% down). After feeling good ab...
Cynthia Dixon
Purchasing multifamily in area where assessments are falling
I am considering purchasing a 11 unit. The building seems solid with a great rental history and solid tenants. My only concern is the person is asking for a little more than the assessed value of the property, wh...
Rick Oaks
Florida rental property insurance
We have several duplex /4 plex units in fla. we have noticed a huge insurance hike over the last 3-4 years. Anybody else experience this?