Vanessa Raquel Magana
First Time Investor - With Personal Mortgage
Hello All, My husband and I are tracking to purchase our first multifamily in Milwaukee in the next few months. We currently live in Chicago (my husband grew up in MKE so is very familiar with the city) and we have a ...
Angelo Maiuri
Refinancing personal mortgage to LLC name
We recently formed an LLC and transferred the titles of our two investment properties to the LLC. Also we set up separate bank account, credit card and insurance to keep finances separate as we were told to do.Just re...
Amrit Babu
Personal Mortgage owned by Two Owners
Hello Bigger Pockets,So I co-own few investment properties in Austin, TX. I've been going back and forth with putting it on an LLC, and all the bad stuff that comes with it and decided not to. So I'm trying to get a...
Matt Sherman
Bank of America personal to LLC
I want to transfer my personal mortgage to my LLC, loan is with Bank of America, has any one done this with Bank of America? And will I have to refinance under LLC name? And what route would I go contacting the bank, ...
Adriaan Sierra
Bridge lenders for Multi-Family, what are my best options?
Hi,I'm with a small group of investors that currently own 23 doors spread across 10 Multi-family units. We have been expanding in the areas around Cleveland in the last year and we have observed goo return on our stab...
James Barras
30 year financing options
I see that quite a few people have purchased properties with 30yr mortgages. All of the banks that I talk to will only do a 20yr mortgage on a loan that is in the name of an LLC. They will do a 30 on a personal mortga...
Dar Fornelli
Utilizing other people's money (OPM)
I'm in the process of getting my finances together to purchase my second deal (Kansas City market). My girlfriend and I have enough saved up for a down payment on about a $200K property if we use a conventional mortga...
Gregory Corcoran
FHA Loan Question from a newbie
My mother recently passed away and my father is looking to move out of his current home and into a new one. A condo, apartment, or duplex would be the ideal scenario for him.
He is interested in the idea of buying a...
Eric Grunfeld
Trying to figure out how best to Pro-Forma Debt Payment
Hello:I am currently looking at apartment buildings in Phoenix (5 or more units).How best to forecast one's debt payment?What is the best number for one's amortization term? (ex. 10 years)And what annual interest rate...
Amy Yarnall
Criteria for Commercial loan on multifamily
We are looking for a multifamily property to buy. I know that 2-4 doors is considered a personal mortgage and five plus is commercial. My question is about criteria to qualify for a commercial loan. What are the stan...