Lee Om
Philadelphia RM-1 Appraised as Single Family for FHA
I have a RM-1 zoned multi-family property that used to be a single family home. The property is basically a single family as the upstairs "unit" only has kitchen cabinets, no kitchen appliances. There are two meters ...
Brant Jones
Commercial Lending Rates and Terms
Hi BP,Looking for some feedback on what others are seeing as typical rates and terms on 5+ unit financing, under $1M, assuming no less than 70% LTV on the property.This will be a refinance out of a fix-and-flip (hold)...
Dazelle Russell
I am Over Paralysis by Analysis!!!
Hello everyone, I was introduced to real estate investment and found BP some years ago, but was diagnosed with "paralysis by analysis" shortly after. I always thought I was never ready/prepared as I observed great opp...
Ilya Z.
Can I get a LOC against rental propeties in Maryland?
Good Day!Is it possible to get a line of credit (not a loan) against rental properties in Maryland? I have a couple of condos that are paid off and have tenants. I have a HELOC with my credit union ($0 balance right n...
Mauricio Salom
First time home buyer
I'm getting ready to purchase my first home so I found two first time home buyer loans that seem pretty appealing zero money down I just have to pay closing but I'm not sure which one to go with. Loan A. Is a 7/1 ARM ...
Michael Lebeau
Home Equity Loan Advice
I bought my first 3 family investment property back in June 2013. I currently occupy one floor and rent out the other 2 units. Since then I have put in a substantial amount of work into the home. All new windows, n...
Account Closed
2 Self Directed IRA Scenarios - what are your thoughts?
I am considering moving my sizeable 401(k) from my previous employer to a Self Directed IRA or self directed 401(k) so that I can access the balance to use a down payments on rental properties. I've come up with the t...
Bob Razler
SDIRA | Institution Recommendations
Hello:As I proceed down my learning path, and as I continue to analyze deals, make offers, get rejected, feel sadness.....lather-rinse-repeat....I was intrigued by SDIRA's.I have a rollover IRA with enough money in it...
Dan Knight
Structuring and financing your first deal
Hi all,I am a new investor looking to find a first deal on which to cut my teeth. I have recently come across a fourplex located near a large hospital that employs a significant number of people in a good area that s...
Michael R.
Is Flipping Illegal?
Is flipping illegal? Flipping in the form of buying a property and then reselling in the same condition you purchased for a profit. In one city I invest in it looks like it is illegal. Was wondering how this could be...