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Looking to buy my first STR, I have private money to fund the down payment. But my w2 doesn't qualify me for a mortgage on this property.Different options are available - such as partnrship with private lender where h...
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Hi, You probably heard this question many times, but I`m puzzled what should I do. I am working on a loan for a 2-family house in Queens, New York that I`m planning to purchase. After speaking with my mortgage broker,...
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Hey guys! Question for you all: What do you think is the best way to use a home's equity to buy another rental property. The three that I know of are: 1. HELOC2. Home equity loan3. Cash out refinanceWhich one do yo...
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A 4 flat near me is selling for $240,000. This is unfortunately just outside my capabilities of a down payment as my lending is requiring a 25% DP. At $200,000 I think i can make it work and I think the seller would b...
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Hello BP Commumity,I have a dilemma about selling my one and only investment property (as of right now...I plan to get more properties in near future) I acquired it in 2001 for $138,000, in Dearborn Heights,MI. We too...
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Hello BP!
I have found a 14 unit place (4 tris and 1 du on the same property) in my local area at a good price and with good rents. I haven't ventured out into a commercial loan yet but I am considering it. I have th...
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How do you most people collect checks from Landlords in person? online? or make some sort of software?
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Newbie here trying to learn Seller-Financing. So, I came across this deal in Texas, and here are the numbers:Seller financing:- Purchase Price: $285,000.00- Down Payment: $40,000.00- Interest Rate: 2%- Amortization: 3...
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Hello All, I'm considering securing a property that's nearing foreclosure. The plan is to SubTo but I'm unsure of the deals viability. House was renovated prior to the initial purchase. It's move in ready. Original Pu...
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Hey guys so I just inherited a tenant from the property I had just purchased so he's on a fixed lease ending in December. Now I just had an hr conversation with him cause his rent wasn't in the mail so on his lease it...