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Hello BP community! Total newbie here seeking some advice.I have been told by my local financial institution that all of their loans for investment type properties require 25% down at this time. Does anyone have any r...
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I’d love some input on financing options.We bought our first BRRR using cash and we are ready to do a cash-out refi.I’ve talked to one bank who has given us two options.Option one is a 75% LTV, 30yr fixed, 4.75% and w...
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Holy crap!!! I'm going through with my first deal. It's a 2/1 duplex with a carport. Got my first insurance quote! Wowzer!!! $1700.00+ per year!!! AND, they are super concerned about how much experience I have wit...
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I have yet to do my first deal.... My hesitation lies in the fact that in reading about starting out with lease options, there is some disagreement whether I, as an "arranger" of these lease/option deals, can actually...
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Hello BP!
I’m wondering if anyone uses creative financing or what financing options people have been using for beachfront properties throughout Florida? The traditional options I’ve been finding have been around 30% ...
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So I have a possible tenant that is interested in renting to own my property. I’m new to this option, what all should the tenant pay for if they do want to go forward with the option to own?
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This I believe this to be an honest question, is it impossible to acquire large amounts of loans anywhere if you have a relatively new credit card account, and no income for the last 12 months? If it is, then what sho...
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My neighbor wants to sell his house for about 630 K but it appears I only qualify for 500 K. I asked if he would be willing to carry 200 K of the deal, and he initially seemed very interested in the prospect of seller...
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I am moving to Phoenix AZ. I am looking for house hacking with multifamily property. I am new in the REI market. I have few questions regarding multifamily investment.
1) I am looking at the neighborhood which has cr...
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I'm talking to a lender who is concerned that if he seller finances and if I bring in some hard money for the rest that the hard money lender will be in first position and he will be in second position. If he is in se...