Travis Rogers
Storage Facility Purchase - 10% LTV Financing Requested
Hi Folks!
I have a few single family rentals (Oregon and Texas) and they're doing great, and I have a large amount of equity in each house. I live in Oregon and am purchasing a storage facility in Texas for $450k, th...
Account Closed
Luxury or cheaper rental to start?
Hi All,My husband and I are looking to invest in a short-term vacation rental. We are mulling over 2 options and would love some guidance.1. Luxury, brand-new home at $1.1 million in a resort community. Right next to ...
Burt L.
What is DSCR Lender Really Looking For On My Bank Statements?
In seeking a DSCR cash-out loan, I've learned that lenders want to see bank statements. I had thought DSCR's were only property based, but lenders I've just begun to contact are saying I need to provide bank statement...
Jay Gill
RE residential Notes . . .quality of properties and forrates
I know of a few people that are investing in real estate notes that are working with a third party individual. I noticed that the properties they are invested in are far away from any urban centers(tertiary markets), ...
Ruben Jimenez
Purchsing Rental in West Cleveland are
Hello everyone, I hope all is well!
Just came back from a 2-day trip looking at MF units in the West side of Cleveland. Seems like there's a good amount of opptrountiy there. I already have property manangement, RE a...
Fallon Gilbert
Cannot find a lender. Please help!
Hey all,I’ve been having an extremely hard time finding a lender for my situation. I have 3 properties that are owned free and clear however the values are less than $75,000 each which most lenders will not do a portf...
James G.
How Do I Know If This Hardmoney Lender is Scamming Me?
Hi BP,I am about to purchase a property in two weeks through a so- called national hard money lender called "Lonestar Hardmoney" ... Their website is lonestarhardmoney.com. I became skeptical when they would only use ...
Jonathan Johnson
When is an on-site manger is needed for Apartments?
Hello BP,I'm looking at a 100 unit purchase of 2 buildings. One of the opportunities I see in the apartment is they have a lot of staff.The management on payroll is as follows: Maintenance at $19.50/hr; Part-time main...
James Hall
Question about investor friendly lenders
Has anyone else noticed that it seems that the people who have the least understanding of money, investing, and profit and loss are bankers???Seriously though, we own 17 rental units; a five plex, a four plex and a ho...
Dante M.
Inspection Deal Breakers
I have an inspection tomorrow on what is hopefully the first rental of my RE investing career. For my fellow BP members, what are some things that if discovered during an inspection, you can't overlook?