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I've closed two deals in the last month. One duplex and one 4 plex. I expect both to cash flow positive from the start and end up with nice returns. If I continue buying at this pace I'll certainly run out of money fo...
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Hey BP members! I have a few questions.I've been reading a lot, recently talked to a lender and I'm hearing mixed things.. I plan on buying a fixer upper multi-fam, living in one unit renting the other(s). I've read p...
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I see a lot of online companies promising extremely attractive rates for conventional loans. Some have even said they do 3.75% with no points, with 740 credit or above. Now, I have talked to lenders in person and ever...
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Hi Everyone! When doing BRRR what is the best way to refinance. Should I go with a conventional 30 year mortgage or a HELOC? I plan on holding onto this property long term.Thanks in advance!!!Miguel
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I'm shopping around for the lowest APR for a 30-fixed year 15%-20% down, investment property loan.I've shopped around quiet a few local credit unions and local banks (around Fayetteville and Raleigh) but wanted to see...
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All, I am an Investor/ Real estate agent out of Broward county in South Florida. I also have a w2 job and have worked there for 3+ years. I own a 3 bed 2.5 bath townhome which can rent for about $1500 per month. I am ...
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Hey all I need some advice. So I recently bought a duplex in lexington, ky (Victoria way) and was able to secure it with a commercial loan, even though it's not a typical commercial property. I did this because of a g...
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Hi all. I currently have 4 properties mortgaged and am trying to obtain funding for a 5th property (and so on and so forth), however, something interesting happened when I was going through pre-appoval in that my loss...
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My partner and I met with a national banker for lunch today, he actually paid for our lunch to discuss financing for a multi family property. I was surprised to learn that his bank's terms are 5 years amortized over 2...
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Hey BP community, I'm a first time home buyer that is trying to purchase a quad with a conventional loan. My question is: do I need a 25% Downpayment on a Quad in North Carolina if I intend to occupy one unit and rent...