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Hi BP peeps! I'm wondering if it possible to get conventional investment financing on a foreclosure without activated utilities? Or do you basically need to front your own cash (or use a transitional financing)? Th...
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Looking for potential financing options to purchase our next property. Bought our home last May 2021 (VA loan) and will probably turn it into a rental this summer. Was told at that time I would not be able to get a...
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I'm planning my first fix & flip and have a question on whether I should use conventional or hard money lending. I hope all the BP'ers can give me a little advice on my first fix and flip!
Basically, I'm in the p...
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I have been doing the Brrr strategy for over a year and have about 12 units. All are under my LLC's name and are currently a interest only loan. It helps with Cash Flow, but I want to start gaining some principle. The...
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I am getting my lending relationships setup, so that I can do my first Long Term Rental. While talking with a broker, he let me know that if we do a conventional loan, I will need to personally close the loan and the...
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Good evening from the Midwest! I've come to ask for feedback while acknowledging that I'm early enough in my journey that I can't yet offer much in return other than gratitude and it's hard to pay the bills with grat...
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I am newer to the industry and my goal is to soak it all in! I am hoping to be in a position to buy in 6 months time and want to learn as much as I can up until then. I believe that all parties can win in a well struc...
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Hi all,Looking for some lenders in the Kansas City area who offer low down payment (5%-10%) conventional loans. I'm looking at house hacking my first deal, but have been having a tough time finding a deal that will g...
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My name is Hamilton and I am a conventional mortgage banker here in Wisconsin. Thanks @Michael Henry , AKA Mr. Duplex, for introducing me to the BP community. Looking forward to finding plenty of opportunity here to h...
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Hello everyone,
My wife and I own a mutli-family home and purchased it in February 2022 for 495,000. We put 5% down using an FHA loan and currently have an outstanding balance of 450,063. We opted for the FHA so we c...