Account Closed
Refinance help for Apartment complex
If I wanted to do a cash-out refi at 70% LTV, how do they value the apt complex? Is it NOI/ Cap Rate? Or do the banks find the valuation a different way?For example: The purchase price of the apartment was $1.7Mil 5 y...
Jessica Frasier
How do I finance this 4-unit?
Hello BP,
I am under contract for a 4-unit, turnkey property right outside of Philadelphia, PA.
I thought I did everything right. I was pre-approved before I shopped around and I was in regular contact with my lend...
Sharita S.
Refinancing Primary Residence or Heloc or ??
Hello, I would love some advice on how to proceed. We would like to purchase another rental, and don't know the best avenue for financing the purchase. Current situationProp 1SF No mortgage. Value 50k rented for...
Omer Zulfiqar
lending for multifamily
HelloI am interested in purchasing multifamily properties. I will be putting down 25 percent, expect the loan to be in the size of 500 K to 750 K. In addition I am planning on paying off the properties in 10 years or ...
Kristopher Kelly
Loan Hacking? No more personal loans for investments allowed?
Hello all,
My broker said that Fannie and Freddie are going to be stricter here in the coming months? I tried to ask her about the 4 loans then up to 10 allowed for personal loans or something like that. She was sayi...
Eli Mint
Refinance my house and cash out
Hi all,I am looking to invest in buy and hold in the Houston, TX area. I have about 50k to invest and was wondering if I should refi my primary residence and cash out about 60k to increase my investment capital. I sho...
Rachel Kennedy
Refinancing a BRRRR out of hard money
Refinancing out of our hard money for our first BRRRR project.
We have about $225K into the deal and ARV is $280K
Credit score is 665 which is what makes this hard and we are trying to do a no doc loan for ease and...
Matthew Mason
lenders
Would it be better to go get a loan from a private lender or go get a from the bank? I have a possible private lender and I wanted some advice on which one would be better.
Chris Fore
Homeowner's Insurance Policy
Hi, this is actually a question from a family friend that I wanted to post here in the forum. Their homeowner's insurance policy jumped up 25% yoy without any claims made on the policy. Is this normal? Seems like a...
Kelly Skeval
Options other than 1031 exchanges to decrease tax implication
Hello. I’ve been in conversation with an owner of a self storage unit who is looking to sell in the near future. We’ve discussed different creative financing options. The option that is most appealing to me and my cu...