Rachael Agruso
Low Down, 3 Family Conventional Financing
Hi All -I am looking for a low down, owner occupied conventional loan on a 3 family property. I don't own any other multis, however I do own a condo that I did 80% LTV conventional financing on. I am not interested in...
Thomas C.
203K vs Home Style vs Home Ready?
Hey all,
I've decided that I'm going to focus on buying a home with some type of renovation loan. The property I'm looking at is in a great area, and liveable as is but needs some cosmetic things for sure. For exa...
Jeff S.
Where do I go from here?
Thank you in advance for any advice you have.
My situation:
Myself and a partner own 6 SFH within our llc. We purchased them all with cash starting in March of 2012. They range in value from 60k-130k. They are all...
Jason Pritchard
Question about Rent to Own/Lease Options
Hey Everyone,I have a question about a potential RTO/Lease option deal that I could possibly pursue. An agent that I work with called me and asked if I or anyone I knew was interested in doing a lease option on a pr...
Chris Payne
Multi-Family Finance Options
Hi BP Family!I'd like to buy and hold a triplex or 4plex, but I'm unsure how I'll pay for it. My limited income won't allow me to get a FHA or conventional loan. I do have some cash; about 20% to 40% of my target purc...
Pablo Davidov
I found a deal. Now what?
Let's assume the following scenario. I found a fourplex, ran the numbers, everything looks solid with >15% CoC return. I have a credit score of 650, have credit card debt and no savings. What are my options, if any...
Andre Key
Why do sellers have so much faith in banks offering remods
BP,I have a guy that has a great property in an affluent Austin area however he is over a year behind and nearing the fatal court house sale. He is working on a loan remodification with his bank so that he can get a ...
Nicholas Smith
First Fix & Flip - Two Financing Options
Hello BP, I would appreciate any feedback or suggestions on the following scenario. I'm under contract for my first fix and flip in East Chicago, IN.Purchase Price: $50,000Rehab Costs: $30,000ARV: $115,000I have tw...
John Barnes
Florida Apartment Heater Options
Hi All, hope someone has advice.We have a 3 unit, concrete block property in FL. Program we rent through (similar to sec 8) said all units have to have heaters.To give you an idea of how important heaters are, I ran m...
Gregory Bentley
Personal Judgement listed on O&E
We are looking at a property that will be on an upcoming auction and ordered and O&E report. When we got it back we noticed that it has a judgement lien that in which the defendant is not a listed party on the loa...