Hartman Longley II
Experiences with Kennedy Funding?
Hello everyone, I recently came across Kennedy Funding (based out of New Jersey) as a potential financing option for my real estate ventures. I'm keen to understand their viability and legitimacy in the market. If any...
Farris Roach III
Mobile home park purchase
I am 100% into mobile home investing. I have a few homes in my portfolio which are all getting me highly positive cash flow. I'm end game is to buy 1 or more MH parks. My question is will banks finance a park? If bank...
Carmela Hunt
Property Management Chicago 3flat
HI! Any recommendations for good property managers for a 2 unit multi home? Logan Square Area.I am a new homeowner, and by extension, landlord, to a recently bought Chicago 3 flat (3 unit multi home). I plan to live i...
Greg G.
Can I factor an Apartment Complex?
I have a seller of a 50 unit apt complex offering seller financing with a down payment large enough to pay-off his existing note. The downpayment would equate to about 12.5% of the purchase price.
My question: Is th...
James Baker
Hard money first or deal first.
I could use the expertise of the B.P. community. This may be a silly question, but what would come first, bringing a deal to a hard money lender or getting funding then finding the deal? Thanks in advance.
Michael Ohman
5,000 on a 50k refinance loan?! Is this normal?
Hello BP family!So I decided to get off the bench a couple months back and purchased my first property! Long story short I am in the refinance portion, and of course, this has been the most difficult part of the BRRRR...
Rod Govea
Pre Foreclosure - Paying off balance and acquire property
Hello BP nation, looking at county assessor's office and properties that are scheduled to be foreclosed.There is one in particular where the outstanding balance states roughly $35K. I know the property is worth much ...
CRAIG LAMONT FOREST JR
Can I secure a VA Home Loan based on new BAH rate
Good evening,I am writing in reference to utilizing my VA home loan. Im currently active duty and in the process of moving to California. My BAH rate as of January 2023 in California will support the purchase of a new...
Austin James
50 unit financing: Unsure of what is standard or what to seek out
Want to buy and hold and fix up. Lender gave me these terms. Should I try to get them to extend term to 24 months and drop the origination fee to 1%? I have no experience in commercial loans. Thanks in advance!
Stephen Keighery
SBA Disaster loan changed
I just got an email about my application for the SBA economic disaster loan. It appears they have changed it from being a $10,000 advance, be being $1,000 per employee pre-Corona up to $10,000. I think they are trying...