Tyler M
Loan Strategy
Hello, I hope everyone is doing well. I was trying to help my parents invest in RE and was wondering what the best strategy would be for getting loans and using leverage.
I heard that you can get a maximum of ten lo...
Henry Grayson
Housing Inspector requiring retrofitting of windows
Hi all,First post here and I couldn’t find it answered anywhere else - I have a 2-unit in Portland Maine built in 1920 and for the first time this year the fire safety inspector measured my upstairs bedroom windows an...
Mario Morales
Not sure how to interpret this-Schedule E - Is this good or ok ?
I am working on my schedule E and this is what the year looks like for 2023. I see the numbers and I don't know how to interpret them. I don't have deprectiation in here and the monthly mortgage going towards principa...
Kevin Mosier
Duluth MN / Superior WI
Hello All! I'm new to the BP Forums, and I've listened to about 50 or so of the podcasts. I'm up in the Northland in Superior, WI, and I'm looking to buy multifamily investment property in the Duluth, MN or Superior, ...
Dominick Persino
Scenario analysis | Money down and income to hit DTI FHA conforming loan
Hello,
First time poster. Looking to make sure my numbers line up. Looking at a 4 unit in Cicero, Illinois.
Property cost $270,000
Total debt is about $1000/month
Mortgage if min down payment FHA (3.5%) seems to b...
Jonn Vidal
Non-Conforming Residential/Commercial "Replacement" Cost in eyes of Prop Insurance UW
Anyone get a straight answer from property insurers regarding insuring improved property comprised of solely legal non-conforming buildings?Some insurance companies have told me they don't insure LNC buildings cause '...
Rich Weese
3% rates??
OK- All you financial gurus. Will 30 year,90%, owner occupied loans hit the 3's or bump into the 5's first? Time to go "on the record" with your crystal balls. Rich
Nancy Zhao
Why do some foreclosures have >200% LTV?
I see these kinds of properties occasionally. Where the owner somehow managed to borrow twice the market value of the home at the time of the loan. This is before taking into account unpaid interest and late fees.For ...
Alex Muirhead
Can I buy a condo from myself?
Hi All, I have a condo which I bought in full, in cash (no mortgage) a few years ago. I tried to refinance last year but due to the fact that more than 10% of the condos in the association are owned by 1 company I am ...
Kico Mendoza
What type of loan product is best for 1-4 units?
Hi all!I'm a long time podcast listener posting for the first time. I live in San Diego CA and want to invest in rentals in my neighborhood. There are several in my neighborhood fitting the description above. I don't ...