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Why would the bank not extend my loan? I have been current for the last 10 years and the bank will no longer finance the last five. They are giving me six months to pay it off. Would they really risk forclosing on a p...
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Hello everyone I currently own 4 rental properties and I’m at a bit of a stand still. I’ve used my LOC and need the traditional 20% down to purchase in Ontario Canada. I’m curious about alternative/creative strategies...
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Given mortgage lending scrutiny these days, how are investors making rehab and refinance strategies work (at scale)? Is it feasible to buy using cash or a LOC, rehab, and then refinance a "batch" of properties via a ...
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Today I drove past this very run down property. It appears to be a vacant 5-plex. This property intrigued me so I decided to dig a bit. I am interested learning more about this property and if it could be a opportunit...
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Hello BP,So I have a small office building in Mesa, AZ. It's roughly 6k sqft with a chiropractor renting 1500 sqft and 4500 sqft is vacant. I bought the property with a year to year tenant who rented the 4500 sqft but...
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Home are very expensive right now and we can’t qualify for a 500k loan because my husband just started a business and they need 2 years worth of income history. With that being said, we have 40k right now and we’re lo...
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Hello there,We've been around for about a year and a half, learning so much. I've been waiting to post about our experience this past year until it was finally over. We were so excited to find a multifamily property ...
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Hi,I currently have a condo with a mortgage in my name. I want to move the property and the mortgage into an LLC. I know the interest rates may change (which I'm OK with) but I'm curious if this will still appear on...
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I am looking to find a very easy software solution to keep track of rental accounting in specific. Quicken home and office really doesn't do the trick. I want something to simply track expenses, income and print out r...
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Hello BP Community! I am considering multifamily properties from 3-10 units. I know anything from 2-4 units will require a residential loan and anything more than that will require commercial financing. Curious to hea...