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Hello BP community. First of all thank you for taking the time to help out a fellow investor in need. This might possibly be my first multifamily purchase; I have multiple sfrs but I am not yet comfortable running the...
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We bought our first rental at the start of the year. It's nothing to brag about except... it was my first deal. I did something! It's a SFH 2bd-1ba worth $57k and owe $41k at %5.625 (rents at $700/mth)I'm working on t...
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Hi BP,I have two main questions:1.) Can you "shop" for HELOC's in the same way that you would shop for an auto loan?2.) If you can shop, what questions or tips will get you the best results?A little more info:The HELO...
So, recently I have found the bigger pockets podcast and they’ve done a really good job if getting me hyped up to do rentals. I got this idea in my head that there’s a way to use a va loan to start getting rentals. Th...
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Hello All,I've found a deal I'm interested in and am planning to finance it using the equity in my primary residence (currently, I have no mortgage on it so this would be the only loan against it). I thought a HELOC w...
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I am new to BP and excited to learn and to help where I can! I am looking to finance a Multifamily project in Utah with 20 units with 20% down, good competitive rates and a bank that can close in less than the standa...
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Greetings, BP!
I'm having trouble understanding LTV Refinance loans. Let's say I have a 20-unit multifamily apartment that I rehabbed and brought up occupancy rates to the point where the appraised value is $5 millio...
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*This link comes directly from our calculators, based on information input by the member who posted.I'm a new investor and I'd like to give the BP Forum a test drive. This property is on the Gulf Coast. (...
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Hello Fellow BPers,
My LLC owns a business property where I’ve run another LLC business for the last 17 years. I’d like to start renting to myself (my LLC commercial prop renting to my LLC business running out of it ...
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Purchased a home during the pandemic, value has gone up roughly 2.5(estimating), believe i have enough value in a HELOC to get a down payment on a second home.. is it a wise decision to add that to my plate then rent ...