Devin Williams
Newbie Stuck at financing
We are ready to go did the education (ongoing of course), saved a decent down payment, found a couple properties that make very good deals, but are stuck at financing.... so now we are back at the drawing board. Reach...
Alley Hassen
Refinancing and Purchasing at the same time
We are considering refinancing to remove PMI, and are also ready to invest in a what will be a rental getting a conventional loan at 20%.Is there a way for the lender to pull the credit one time? Should we do one befo...
Raza Rizvi
Quitclaim to LLC and its issues
Hello everyone,
I am planning to buy a couple of properties in AZ. Currently I own 2 properties in Manhattan - I live in one and rent the other. My questions are:
* Should I form a LLC for the new investments. The mo...
Leigh S.
Can a bank pull my credit report without notifying me?
My LLC has a small investment loan for a multi-family property through a local credit union. Last week, I was notified through a credit monitoring service that the lender pulled my personal credit report. I asked the ...
Chris Umbach
Co-borrowing on duplex when only one borrower lives in unit
Does anyone have experience with co-borrowing on a duplex, with one borrower who will occupy one unit as a principal/primary residence and renting out the second unit to third parties? I understand the loan generally...
Terrell Murray
First Rental Pursuit , the representing agent seems to be missing
Hello BP,
Been searching for a deal and I came across something that seems very promising. The description makes it seem like this property is broken into 4 units and 1 office unit. As of now its been sitting on the ...
Melonie McCallum
Cash out on home below ARV of $50K
Hello, I have a property that has been paid off. Its current value is less than $50K. I have tried to cash out the equity in the home but have been told that it could not be done as the bank will only consider loans ...
Chad Hotovec
BRRR Financing Opportunities
Alright BP'ers. I've been reading books, listening to podcasts and am about to do my first deal. I'm pumped and ready to move onto my next deal. Which is where my problem is. I've been reading about the BRRR strat...
Brian Price
Setting up an owner finance deal
New to RE investing. Put my house on the market FSBO 5 mo. ago. My thought being, how do I gain experience if I just list it with an agent!?! Most inquiries have been from other investors. So I added “possible owner f...
Ray A Delfi
Looking for feed back on lender terms.
A member of one of my REI groups posted this in the group page. Wanted to run it by BP to see if it passes the sniff test. Please all feed back is welcomed and I’m at no means endorsing this lender. I may use them bas...