Hello community, Has anyone else seen a recent shift in lenders with sub $100K mortgages, increasing their minimums loan amounts, increased APR and adding misc. fees?I’m a new CA investor looking out of state, wi...
I'm closing on an eight plex multi family home and I was planning to manage the property myself but im finding out that I need a liscence to do so. Is this true and if so do I need this before closing?
Question can I use an approved mortgage like a preapproved car loan and shop around or do I need to actually have a property and offer done? If this is true how long is the preapproved mortgage good for. I am new to t...
The title says it. How much do you pay for each schedule E? I guess I never cared about this previously but in 2021 I purchased over a dozen properties, and the cost starts to add up as my accountant charges per sched...
Learnt some interesting stuff today. For using an on 3&4 unit MF, you cannot use a gift as cash reserves. I believe you need at least 3 months of cash reserves (at least according to 1 lender). BUT! You can use th...
I posted this in the multi-family discussion topic then found this forum. Oh, and btw, the apartment building I'm talking about here is in St Louis MO. Apologies for duplicating...Hey all,Up to now I have only bought ...
Hi guys. I’ve recently closed on my first mobile home park in South Carolina. I’ve had it about 2 weeks and am looking to strictly rent out the lots. However, as expected, the demand for this is much less as people ha...
Hey BP,So a friend of mine called today asking for some advice that was well above my pay grade. He works full time as a college professor, owns his own auto repair business, and also owns rental properties. He ran ...
I was checking out online lenders and kept seeing these guys ONE TRUE LOAN with crazy low rates. They currently will do 4.35% when rocket is at 4.75 and my local guy is at 5.125% for a $40,000 cash out refinance in Or...
Happy Thursday BP, one day until the weekend! I am pleased to announce that I have an accepted offer on a 3 bed 1 bath home in North New Jersey. It is a true diamond in the rough and requires alot of labor and not alo...