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Does anyone know of any lenders still doing 30 year refi loans on rental property with just asset based criteria? That was my main BRRRR strategy and it know seems like its gone.
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Called upon a local mortgage broker for a rate quote on a 30-year fixed mortgage (cash out refi). I’ll preface this with the fact that I have used this broker before and give them high marks. The particulars of the de...
Where is the best place to buy a multi-family (2-4) unit, below $400k in the Greater Chicago area?
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Good Morning from Michigan,I am a 28 year old IT Professional from Michigan, who is branching out into the world of financial freedom. My Grandfather was an old school real estate investor and amassed multiple apartme...
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Hello BP!
I would love to find a partner with experience/financing!
Highlights and my own thoughts/calculations right here:
Deal breakdown:18 Units: 1Br/1BaPurchase Price: $245,000 - Cash offers only
Need of full...
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Hi BP community,I'm working on securing my first property and began analyzing a few deals this week. Preface: this might be a B or even C type property as I'm continuing the research, 4-unit, and is 100 or so years ol...
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I'm working on buying hold rental properties and keep running into a question that I can't get a good answer for. Everything I read seems to emphasize making sure to accurately and completely estimate your costs up f...
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I recently analyzed a property that had a 6.5 cap rate and when i did my calculations the property was being sold for 400,000 less than the predicted value. The property says its going through renovations but would th...
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I have been presented a hotel that is for sale, but have no idea how to analyze it. Is it the same as an apartment? Do you ask for T-12 or vacancy rate? Any tips would be very helpful.
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I have been lurking around here on BP for a few years, soaking up all the info I can... but at some point I just gotta jump in and just do it. Having recently turned 40, I have had a fire lit under me to get something...