I'm looking into refinancing a fourplex through my local credit union. I'm unable to qualify for traditional lending at bigger banks because I own too many properties. The credit union are offering me 5/5 loan.   I'm ...

I have a triplex in a c-d area (rent 700 for a 2/1) and I was wondering how others are screening tenants.  I am using a paid background check and call employer, current landlord.  I am requiring they make 2100 a month...

Hello BP community,     I'm looking to get my first deal currently. There's one I have my eye on that might be a good candidate for seller financing based on my conversation with the home owner. Does BP has a general ...

Hi Guys,

When seeking financing, whether it be from a bank or private lender, what types of financial statements should be presented to show the lender professionalism and that due-diligence has been thorough...

I hear a lot of stories about investors buying properties and pulling back out their initial capital using the BRRRR method. Great idea! Is it possible to do the same thing but start out by putting 20% down with an FH...

Hi all,Was recently offered a commercial mortgage with the following terms. Interest Rate: 5.75%Repayment Schedule: 20 yearsMaturity/Term: 5 yearsPrepayment penalty: 5,4,3,2,1Index Value FHLB plus a 2.5% margin. 20% d...

Hi all,I am new to biggerpockets and eager to start building a portfolio of rental properties. I currently already own one rental property free and clear. So far with my one property, I have had a great property manag...

Are there any lenders accepting a 10% down payment on a second home (jumbo) mortgage? Seems most are requiring 20-25% these days.

Hello Everyone, Question: How do you determine how much Ernest Money(If Any), should you leave for a Deposit?  I was close to getting a property under contract but the seller wanted me to deposit $500.00 dollars. He w...

Just wanted to share, I've noticed a loosening in down payment requirements for DSCR (debt service ratio loans) that either use the actual or proposed rental income to qualify. Many lenders have investment property ex...