Tom Cotter
5.375% Interest for Conventional loan on Investment Property??
Hello All,I'm in the process in buying a second home for the purpose of renting out. I plan on going with a conventional loan at 20% down, the loan officer I'm working with has me pre-qualified and has the interest ra...
Corby Goade
Non owner occupied HELOCs in Texas
Does anyone know of a bank that will do a HELOC on a non-owner occupied property in Texas? Thanks in advance!
Michael Faulk
Best Bets for Portfolio Loans
Greetings BP Community! Question
Background-
I have recently completed a thorough renovation on a buy/hold property that I acquired Nov12. I have been searching to complete a cash-out refi and take out ...
Michael Noto
3-Family Plainville, CT BRRRR Project
Here are the basic details of the project:Closed on the deal on December 18th of last yearLocation: Plainville, ConnecticutPurchase price: $120,000.00Rehab amount: $22,000ARV: $210,000Property type: 3-familyTaxes: $38...
Jose Quintana
20% down on investment properties??
Hello everybody, I'm a first time investor looking to get into rental properties. I live in Northern California at the moment. Recently I was contacted by a lending company from Los Angeles. I believe the company name...
Adam Craig
500K minimum blanket loan is killing me.
I am an investor in the Cleveland market (suburbrs). I own 7 rental properties all with 50-65K purchase price. I am coming up on my 10 mortgage max so I have been contacting lenders that can blanket these mortgages.Th...
Nathan Ward
How to win a bid on property
Hello BP,
A week ago I found a SFH listed at 55k on the MLS that turned out to be a Fannie Mae foreclosure. 3 bedroom old style house, finished basement and attic, and two car garage. Seemed like a good dea...
Amber Hooks
Need to move duplexes to LLC but loans can be called due??
Hello everyone. I am fairly new here, so thank you in advance for your patience with my questions. I have a duplex that I purchased using cash down and a conventional loan. I need to move the property into an LLC. ...
Arijit De
Refi Cashout - Make Sense for this?
I am trying to do refi with cashout for 4 properties and thinking of using the cashout to payoff the fifth property. Looking for thoughts/advice from BP experienced folks. Am trying to gauge if it makes sense to proce...
Ian Thornton
Buying personal property mid BRRRR
I have a question i am struggling to get answers for. I currently own 2 rental houses and my wife owns our personal residence in her name. My latest purchase was funded through a family member where they loaned us the...