I came across a property in Texas i.e a lot has fourplex plus a separate unit in the back i.e total 5 units. Can this still be considered as a 4plex + ADU and get a conventional loan or it should be commercial loan ?
My GF and I will begin shopping for our first mortgage ever next week. We are looking for a multifamily in New Bedford. The plan is FHA loan, live in for a year or so, refi and repeat. There seems to be so many variab...
Hi. I’ve been wanting to do some renovations since I bought my home 3 years ago, but put it off. Now I’m a little hesitant due to higher interest rates. Would a HELOC be the best best option here or is there some s...
Hello I’m new to bigger pockets and Multifamily investing. I’m having trouble on how to figure out my annual debt service or yearly mortgage payments. Ex... $6,000,000 purchase price with a 25% down payment of $1,500...
Hi! First off, please forgive me for my level of tax ignorance. My friend asked me this question who is looking to get into REI and I honestly could not answer it. That's what BP is for :-).If I am grossing $2,000 ...
Hi everyone,Today I was exploring how to pull some cash out of the equity on my current residential property and came across two popular options: a home equity line of credit (HELOC) and a home equity loan (HEL). Thes...
Hello,My name is Michael and my wife and I live in a suburb of Nashville, TN. We bought our primary residence in March of 2020 and have a current 30 year fixed mortgage of roughly 386,000 dollars at an interest rate o...
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
I met a landlord who offers tenants a discount for paying rent early instead of adding fees for paying late. It seems to work for him. What are your thoughts?
I have learned from different mentors I have in RENATUS that using lines of credit instead of loans (amortized) could be much more advantageous because of the leverage you have with lines of credit.My question to you ...