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Hello BP!Had a question. What rates are you all seeing nowadays for conventional 30 Yr Fixed loans for investment rentals (new purchases, not refinancing)? I was under the impression that rates were around 5% (or lowe...
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Hi, I'm working on my first real estate deal in St. Louis, MO. I am looking at different financing options. I am considering both conventional financing and portfolio loan options. The portfolio loan would be a balloo...
Hi everyone,Planning out my long-term vision. Let's say I purchased my property with 3.5% down on an FHA loan. Once I meet the one year requirement to be able to rent it out and move to my next FHA purchase, I underst...
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Hi thereI just became a 1099 and I am not eligible for a loan for a while, regardless of my current assets in retirements funds. How do you find hard money lenders?What are my other options? Family/friends isn't an op...
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I was curious if anyone has completed a conventional mortgage under the "delayed financing" rule that came out last year, and if so, with what bank or lender?
This rule allows you to do a cash out refinance inside 6 ...
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Good Morning All,
Has anyone had really good experiences with conventional lenders. I realize that the lending environment is in a flux but I am having a difficulty finding a lender that is flexible. For example, w...
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I own a property valued over $850K. I want to buy another piece of land (for investment purposes) for $450K. Should I take out a traditional mortgage (conventional loan) or use the equity in my existing home (Equity L...
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Hello Forum,I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private...
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I'm looking to purchase 5 new units in a short period of time. My question is: Is it better to take 5 individual mortgages, one for each property or a blanket loan?Background: These would be short term vacation rent...
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Hi everyone,Question for y'all. There are times where I need to take down a distressed property that same day, or else the opportunity is gone. I currently dont have cash to buy the house straight out. My question is,...