Menalik Archer
Private money or hard money under 50k
I have a duplex under contract for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...
Mikhail Pritsker
Strategic Opportunities in the Current Multifamily Market: Part 1.
Mezzanine Debt and Preferred Equity. Part 1. Executive Summary
The multifamily real estate sector has experienced a sharp rise in distress rates, increasing from 2.6% to 8.4% over the past seven months. This surge c...
Account Closed
Looking to make second purchase
Six months ago, I purchased my first rental property. I obtained a traditional mortgage on the investment property, but have since paid that off when I refinanced my primary residence. So I have an investment property...
Mitchell Hein
HELOC on rental property (duplex) in Texas
Hello,I know this has been posted a few times, but as the landscape for these products tends to change frequently, is anyone aware of any lenders that are offering HELOCs on a rental property (duplex specifically) in ...
Drew Cameron
Mortgage strategies
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Account Closed
Lease Option Deal Structure?
Hey BP!Wanting to see what options I have here. I have a someone interested in buying my primary residence that can't obtain traditional financing and expressed interest in buying my home. I am a little concerned abou...
Joseph Kim
Primary Residence - ULTIMATE House Hack
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $130,000
Cash invested: $800
1106 NW 52nd St. is my primary home that I am currently house hacking. I decided to ex...
David Stone
Funding for a Duplex (already leased with tenants)
I am looking at purchasing a duplex for 80k. It is already leased out. (Rents for $1,210 total) I have tried the traditional route with conventional financing using a recently bought FHA home that I doubled the value ...
Kelly Muscarella
Primary Residence Flip
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $343,000
Cash invested: $25,000
Sale price: $420,000
Lived in this for 2 years as primary residence to avoid ca...
Ross Rauschenbach
refinancing out of a VA land loan
Has anyone had experience with these? Fannie Mae refinance guidelines state that refi funds can't be used to pay off a land contract. Are VA land loans excluded from that rule? There are some exclusions mentioned but ...