Doron Rice
Lender doesn’t allow down payment money to be a gift
Hi,After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents...
Franklin Marte
Renting to college students in Orlando FL while house hacking
Hey BP community. I have an idea I want to present to you for advice and guidance. I’m a recent college graduate in HVAC. I want to pursue REI in Orlando because I got a job offer there for HVAC and I want to target C...
Christina Hall
Big Bear Lake STR Potential, 2019+
Hi we are looking for a STR in Big Bear Lake, Moonridge ideally. Also considered Big Bear City and closer to the lake but was deterred against that by multiple professionals. The houses we are looking at in Moonridge ...
Harley Emelia
Should we sell or turn it into rental?
We made the decision last year to downsize and are in the process of building a new home (slated to be completed in June). Originally, we had every intention of selling our current home but now I'm not sure if we shou...
Leon Lee
Help on Several Common Questions Related to MTR
Hey Fellow BPers! I'm diving into mid-term rentals and hoping to shift more of my units in that direction. I've got a few questions and I'm hoping you can shed some light on them, to help me streamline my approach to ...
Eric Baum
Portfolio Loan Question - Does this seem typical?
Hi All,As I have been expanding my portfolio in different markets, I am have been evaluating different financing options (especially as I cycle through all my and my wife's personal mortgage slots as well as buying al...
Patrick Howell
1st Meeting With Banker
Hello All,
I'm about to have my first formal sit down with my local banker.... I would like to get some feedback on my "planned request".
I currently have one rental property that is debt free that rents for $500....
Matthew Hammond
Financing for Recently Rehabbed Commercial Properties?
I've been looking at some fairly cheap smaller commercial properties (6 - 12 units) which have been recently rehabbed (less than 3 months ago) and are now currently fully occupied in the Chicago area. They look like ...
Tyric Douglas
Philly Newbie Ready To Crush It.
Hey BP,I've been snooping around these forums for years now but have finallydecided that I'm going to take some real action and introduce myself.I'm a newbie in the Philadelphia market and my main focus is wholesaling...
Shaun Morgan
Why would anyone get a commercial loan?
I’ve been looking into how to jumpstart my business and I’m looking at every type of loan to refinance a property. I hear a lot of people say that they BRRRR with a commercial loan, but the more I look at it I can’t f...