Andrew Fredrickson
Asset Based Investment Mortgages Sub ~50K
I've noticed that financing an investment property, either SFR or Multi-Family, whose asking price is lower than 50K seems somewhat frowned upon with lenders. I've seen a few companies who will not lend on properties ...
Austin Hanse
FHA Loan Restrictions
I am looking at buying a triplex and living in one of the units. To finance this, I want to go with the FHA 3.5% down route. I know there are some restrictions on what FHA rejects as a property to finance and was cur...
Account Closed
PSA: Institutional Investors in Vegas + rents spiking rapidly
PSA: Vegas rents have spiked significantly the last 2-3 months due to high rental demand, low supply and institutional investors heavily investing in our market. The institutional investors have been listing homes for...
Zander Deckinga
Young investor just getting started
Hello BP, I am a 19 year old in the Austin, TX area. I have been interested in real estate and reaching FIRE for a few years now. My first focus after graduating High School was to find a way to quickly increase my in...
Josh Mac
Heloc lenders and differences?
Hello everyone,Happy Friday to you all!I was wondering if there are any major differences in lending companies that work with home equity lines of credit (heloc)?Also if anyone has one they could recommend it would be...
David Switzer
Question on Cap Rates
I understand that Cap Rates are not a set number in an area/property, and they depend on many factors. So here's my question:How do you strike a balance between higher cash flow vs building value? Example:----------...
Wyatt A Brady
Balancing tax implications with potential income
Hey guys-Im still new to posting on BP, hope no one minds if I share some personal numbers, but I could really use some calmer heads on this before I go crazy.I was all set to start visiting a property, and I started ...
Cory Adams
Strategy for using retirement funds
Not sure if this the right forum but here goes. I have funds in an SD401K vehicle. The challenge is using those funds strategically. For example of somebody had 150K they might use financing to buy a 10 unit apa...
Irving Allen
WHAT MATTERS MOST TO THE ASSET-BASED LENDER
All asset-based lenders have different criteria, but most share these things in common: (check with your lender upfront so you can factor their criteria into your project)WHAT MATTERS MOST TO THE ASSET-BASED LENDER: ...
Amy Innocenti
Proof of funds/partner
Hey y'all. I found a property in a good location (with good appreciation). Comps are $230-$265. I'm looking at offering $167 (it's a REO). Conservative rehab estimates are $20k for rental ready, $30k to make it nicer....