Hi, We are three friends from greater NYC area looking to invest out of state in PA. We are in the process of creating an LLC in PA after which we want to apply for a loan for our first multi-family property. All 3 of...
Hi everyone!I am new to real estate and I'm starting to spend more time here on BiggerPockets, whether that be networking, getting educated, or asking questions. I've already posted a New Member Introduction (https://...
Hi, would like BP feedback on a hard money approved loan. The numbers are based on a specific property.
Interest rate: 6.75%, Mth pymt P&I: $778.32, $2k orig. fee, $1k service fee, $360.00 pro rated interest. Wi...
I found an attractive multifamily property going for foreclosure.
Property assessment price is around 1M. Unpaid mortgage on this house is about 500K.
In one of the adds about the upcoming auction I found a note:
...
I am looking to purchase my first property at a tax deed auction in Central FL. The home is currently occupied by renters who have a lease with the current owner.
What is the proper protocol to take possession of the...
In the last 2 weeks I have spoken with three banks and they all tell me that 2-4 unit multifamily properties are commercial real estate. Every REI book I read say 5 unit multifamily and up is commercial. Why is there ...
Hello all. I’ve heard it said by many that most banks will not lend to LLC’s when trying to buy single family homes. Are there any ways to navigate this?
Im interested in getting started wholesaling in the houston tx area. I have a few marketing ideas that if like to get up and going but need to gain some capital first in order to finance those. Was wondering if the ma...
Hi All, I’m Interested in finding out more about DSCR LOANS. PROS/CONS???
Hey guys, I was curious if anyone has done a purchase or refinance on an STR in Broken Bow, OK, and if so, did the property appraise as rural or suburban?
thanks in advance!!!