Account Closed
"Portfolio" loans are 10 conventional loans
Hi,I'm trying to get a handle on what my options are once I reach 10 financed properties. At that point it's into the commercial lending business; is every loan there on out 30% down, 5 yr adjusting rate? There must b...
Ross Drucker
Refinance Conventional Mortgages to Commercial Mortgage
Hello all,I've been a member and viewer on BP for a while, but this is the first time I am seeking some help. I currently have 3 conventional loans on 2 rental SFRs and 1 two-family rental. I'm reaching the limits ...
Valerie King
Can Conventional Buyers Purchase Short Sales?
Are short sales only for cash buyers, or can someone working through the conventional bank and realtor get involved with them too? Also, do wholesalers sell to conventional buyers, or does the speed at which they're l...
Michael Hartman
Conventional loans after Chapter 7 bankruptcy
I filed chapter 7 bankruptcy and this October 2022 will be 2 years after the case was closed. I have a credit score over 700 and have improved on it since I filed. I have researched and seen that for a conventional ...
Anthony Simboli
Non Conventional BRRRR with Subdividing Potential
Hey BP - looking for anyone to share personal experiences about purchasing a BRRRR property with 20+ (or many) acres of land. I have no experience subdividing land so that's mainly what I'm trying to learn here. A bri...
William Wallace
Hard money loan to conventional loan
hello all I'm doing some research on real estate investing and I was curious as to whether or not I could use not only a hard money loan but a bank loan as well? Also I'd like to know it's possible to take a hard mone...
Steve Davis
Looking for creative conventional financing advice
I'm a young investor from Texas and looking for creative financing to acquire rental properties en mass. We have a credit score just shy of 700 but our income is very low(est. $28k/yr). I have a cosign available (...
Blake Ramsey
Conventional Financing for Experienced Investors (Oxymoron?!)
Early in 2020 my business partner and I had a goal to focus on maximizing our financing. To give a little context, we are buy and hold investors mostly in the Colorado Springs are. Earlier this year we were crossing 1...
Emma Powlin
Offer accetped, 203K vs. conventional mortgage
I just received notification this morning that an offer on a SF foreclosure located in Rochester, NY was accepted! The house itself is in fairly good shape as the bank did many improvements including water heater, win...
Don Jackson
Fourth conventional loan or commercial loan?
I have three rentals in Charlotte with conventional financing with a good interest rate. I just paid cash for a rental in Milwaukee and placed a renter. The next step is to refinance this new property. I was introduce...