Let's say you use a private money lender, so you pay cash for a multifamily property and the rehab costs. Is it more difficult to cash-out refinance after you raise the value of the home compared to an HML or traditio...
I currently have 2 rental units but am looking at buying my first multifamily property in my hometown here in NC. It is a 2/1, 2/1, and studio triplex. I am going to be using an equity loan for 1yr intrest only to pur...
If a multifamily owner sells a portfolio and then owns only a personal residence, but has cash from sale, will they be a less desirable borrower to lenders? In other words, does owning an unencumbered cash-flowing RE...
Hello, I currently own 4 rental properties but this is my first real brrrr and using a private money lender Aloha Capital. Using the fix and rent loans and 100 percent renovations how much does such a loan costs? How...
A lender that I am considering using for 203k loan told me recently that quadplexes are difficult to purchase and sell due to difficulty in valuing them. His rationale was that the 4 plexes in the area do not sell oft...
How do you compare one mortgage to another?
-Assume both mortgages are 15-year, conventional, fixed rate mortgages.
-Assume both mortgages will not be paid off early.
In this case, isn't APR the only thing that m...
Hello,Can anyone refer a commercial lender in the area that finances new construction? I own the land outright, permits are issued and I already poured the foundation. I am looking to finance the erection costs only o...
Hi everyone,
New to the forums and going through the lender approval process for a multifamily (aiming for a quadplex). This will be my second home purchase, but it'll be owner-occupied. I'm getting FHA interest rate...
As a real estate investor seeking a Debt Service Coverage Ratio (DSCR) loan, you should reach out to multiple commercial lenders such as banks, credit unions, and alternative lenders. It's recommended to compare the r...
I have a question here for the BP community.I'm currently closing on my first two investment properties both duplexes. One needs extensive rehab (Roof, heating systems, rebuilt porches, siding, bathroom remodels), the...