Hey everyone! I’m in a “unique” situation and looking for some guidance/advice. I’m currently a second year medical student here in San Antonio. My wife and I are currently home owners as we were able to afford a 250k...
I'm talking to a lender about taking my only 5 rental properties and doing a portolio/blanket loan. The loan amount is $400,000. He quoted over $14000 in closing costs! Is this normal?? It would be a 30 yr fixed a...
Hey BP! I'm seeking a low money down loan for my first STR investment in NY state, and wanted to stress test some assumptions I have about the type of loan I'm eligible for. Here's my situation:
- Rookie investor sea...
when you buy with hard money or private money and you go to refi are you using traditional Banks and how do you get over the debt to income ratio problem any advice would be appreciated thanks
Building a new duplex to start my real estate career. I am currently renting but I like the idea of house hacking to start out. I am curious as a first time home buyer how the finances will work. My idea is to build a...
Hey BP! I recently just sold my first investment property that I purchased about 2 years ago. I made a good profit on the sale and I was going to do a 1031 exchange but I am in a situation where I have to help out a f...
Good morning!I am trying to figure out what the best thing to do for a friend is in the situation outlined below:Home Value $570kowed 1st mort $496k (current loan was modified and principal reduction completed for $10...
Good morning BP!!!
I have recently run into an issue that I rarely hear spoken about on podcasts or on the forum but I’m sure someone somewhere has had the same experience. I am currently a college student finishing ...
I'm in the process of buying a triplex, where I'd be living in one of the units. Purchase price of $1.2 mil, I have W-2 + rental income sufficient for the loan, and I'm hoping to do 20% down, but may be able to do 25%...
Looking for some advice and ultimately, a lender to fund.Situation:My business partner and I have multiple LLC's together. We currently own a commercial building that used to be a Huntington bank that we have convert...