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I have recently been talking to a few local lenders about transitioning from small real estate investing (I own 5 small homes in rural areas) to purchasing larger, multi-unit housing. Since I am currently showing a l...
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Hello everyone. I need to reduce my mortgage costs! It's my largest monthly cost. I don't have any other costs I can reduce. I am looking into converting or building a new mini ADU from where my current detached 1...
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Hello All,
I'm about to have my first formal sit down with my local banker.... I would like to get some feedback on my "planned request".
I currently have one rental property that is debt free that rents for $500....
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Hello everyone my name is Estevan. I own a home outright and its zoned R3 which means i can build an apartment on the property. I have about 200k cash, 725 credit score and almost zero debt. I can barrow additional fu...
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Hello,I have a rental property in NJ where majority of the mortgage is paid back and about $35K is pending on a $550K house. The problem I have is that I took a 7 year ARM at 3.5% interest which expired last year. The...
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Good evening everyone:
I mentioned in another thread that I found a credit union that would do business loans backed by real estate. Here's the thread: http://www.biggerpockets.com/forums/311/topics/123956
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Previous owner sold empty 40 unit apartment for $700,000 and gave 100% financing to the new owner.
New owner renovated and filled the building. New owner died and his estate is anxious to sell.
According to the Realt...
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Good evening, I would have like my first post in the bigger pockets forum to be on much better terms but I am at a loss as to what should be a good next step. I'm new to real estate investing and I'm sure i have m...
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Hi everyone.
I'm considering making an offer on a house that needs an addition built on it... Since this would be my first major construction project, I'm looking for some feedback about whether this has pot...
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I'm about to make an offer on an as-is Fannie Mae property that I believe has an illegal addition. I rehab to resell, so I'm wondering if there are any consequences I could suffer from this deal. Will this create a pr...