When getting a portfolio loan, do the banks loan you the money just for the down payment on the house? or do they loan you the money to buy the property? or do they give you the money for the property and the rehabs?
Anyone know of or worked with a portfolio lender in California they can recommend? Looking to buy multi family unit and possibly do a refinance on another property.
Hi I have a chance to buy someone portfolio of rental units. Is it a good idea to purchase this using a loan?
About one year ago I moved to Las Vegas to play professional soccer. Last March our season began and ended due to COVID 19. At first, sitting at home and staying safe was great. Then I realized I was at the mercy of s...
BP Land I need some help! I am working on a deal currently, and I am in need of a few potential things. Firstly, I am looking for a local (Cincinnati, or Ohio) lender that will either do a cash out refi, or a Heloc on...
Hey BP! Currently I'm out of Kansas but my wife and I will be moving back to the MSP area in less than 2 years. We're currentl looking for MFRs to buy now. I've found a few where my numbers show good cash flow, we j...
Just purchasing my first rental, signed contracts today. While I am having a property manager take care of the day to day, is there a nice piece of software out there that I can keep track of this and future rental pr...
Hello BP clan! Hope all of you are killing it in your RE biz. I am a newbie trying to get my first property under my belt. I have come across a seller in my local area that has a portfolio of 5 properties that he need...
Our buy and hold model is to buy homes in Columbus Ohio with private capital, stabilize the asset, and then refinance to put more permanent financing in place. Does anyone know any lenders I should be looking at for ...
I want to do a conventional mortgage. Unfortunately, my income isn't that great. Would a portfolio loan be a good option? I read online that they primarily look at DSCR and operating income. Is that true?