Zhenyang Jin
Will personal DTI impact underwriting of commercial loan for 6-units multifamily
Hi all,
I under contracted one 6 units multifamily in Bay Area and doing commercial loan with Chase.
The financial of property is good:
DSCR = 1.3; LTV = 45%;
Both my liquidity and net worth passes Chase's ...
Maxfield Shepard
From active duty military to flipper?
Hello Folks,
My name is Max Shepard. I am about 6 months from getting out of the military . For a little over three years I have been researching, and learning all I could about real estate. Late last October I took ...
Clint Muzzy
Puzzling on how to make this deal work...
Hey guys I have an interesting financing situation and need some advice. We're using the BRRR approach with this deal:I have a single family (2bd/3ba) foreclosure property I'm looking at with an ARV of $80K. We think ...
Jon De Jesus
Short on closing costs
Hi BP Community, This is my first post and I need some advice. I am working on getting my second long distance rental and I'm short on closing costs. I'm in contract, the property is located in a small mid-west town ...
Burke Fisher
Creative ways to get 30k for a down payment on a already cash...?
Hey Guys, we came a cross a deal that is a rental property thats currently cash flowing and has long term tenants in place. The owner is offering seller finance with 30K down and a 2.89% rate. We really want this deal...
Evelyn Castillo
HELOC line of credit
Hello, how can you go about to get a HELOC line of credit if you don't make much/don't have any credit/have no assets? I plan on using HELOC and hard money lending as a way to fund deals being that a regular bank loan...
Ashley McGrath
In a unique rent to buy situation.
Hello everyone, Ashley McGrath here I'm brand new to the community and I'm excited about the opportunity. My husband and I are currently living in the home we are going to buy in September. We got a pretty amazing de...
Karam A Tascoe
BRRRR strategy for a newbie who jumped in head first
Hello everyone, I bid on two separate homes with Auction.com and won both bids. One home is for 22.5K and the other is for 25.5K. I've paid 2.5K EMD for each property. I am scheduled to close the 1st week of October. ...
Leah C Ogren
Primary Residence Renovations - Creative Financing Options
Hey BP Fam! I'm new to this party and learning so much from all of you. I'm at the point where I need to do some renovations to my primary residence and I'm trying to determine the best way to go about it.
Stats: Cu...
Paul Greenberg
Buying rental properties - Individual or LLC ??
I'm ready to dive in to rental property purchases in Palm Beach County, FL. Will be doing so with a family member and I don't know whose name(s) the property should be under, whose name(s) the bank accounts should be ...