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If you assume a loan for an apartment complex. Do you have to put a down payment on that offer since the loan has already been bought? They already have the loan and it has a 15 Year Property Tax Abatement on it curre...
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Hello all,I'm in the (dreadfully slow) process of getting approved for an FHA loan through a conventional lender, and am wondering if it would be better, or maybe easier/quicker to just try and go through a portfolio ...
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The facts:I’m looking at a property in foreclosure in IL. In 2010, there was a reverse mortgage taken out on the property for $280,000. Additional details:Page 1 of the Mortgage reads…ADJUSTABLE RATE HOME EQUITY CONVE...
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I just did my research this week with about 6 possible lenders for a cash-out refi on a rental property and after gathering all the info I could, it looks like the two best options for a loan of around 100k would be e...
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Hi everyone. So still planning my next move with the expectation that I start this process around May 2nd week. Currently tied up with other things. I currently own a retail building I purchased years ago. 3 years lef...
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Hi! My husband and I just closed on our first investment property last month, a duplex in High Point, NC. We're currently rehabbing it and hope to have it complete by the end of November. Since we're in an area that g...
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Good morning fellow investors....So I am in the process of putting together a sub to deal...here Is the structure347k purchase price...147k owed @3.750...I'm assuming the 147k...borrowing the remaining 200k @ 3% from ...
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Hi everyone,I’m interested in raising debt for small multifamily deals but I have a few questions about it and how I want it to work with my proposed strategy.One of the things I’m wondering about is how to structure ...
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Hello,
I have a question for any mortgage lenders / bankers out there related to financing. I was having a discussion with someone and I was telling them how I recently submitted 40k over list price an on a single f...
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Hello all! I house hacked a Multi -Family Home in Queens, NY almost 3 years ago. I'm ready to invest again next year but want to make sure my taxes are done correctly. I don't want to write too many things off to ma...