Katrina Edwards
Need Advice: Loan Program Decisions
Hi everyone. I've been lurking somewhat and responding to questions within my area of expertise for about a month now, but this is my first post. I'm planning to refi a duplex that I own. Plan is to hold long term. ...
Dennis O'Loughlin
Multi unit property question
I remember learning about different things to look out for on multi unit properties, specifically that once you got above a 4 unit property, something happened. Since we are wanting to start getting into multi family...
Andrew Kim
Baltimore lenders for multifamily unit
Hello, I recently formed an LLC with a friend and looking to close on my first 2 unit multifamily home soon. The toughest part has been to find a lender who will loan us money at a competitive rate since we don't hav...
Joe Mulcahy
Need help with first buy and hold offer accepted
Details: Cost of 3 bedroom townhome. REO property. 1500 square feet usually rents for approximately $1,100. Rehab under $5,000. HOA $80 a month. Taxes 2,500 a year. Insurance $100 a month. 20% down. Ques...
Bradley Hendrix
Opinion! To refi, high or refi low?
Looking for everyone’s opinion. I’m getting ready to refinance an apartment building, I just completely renovated, out of the construction loan that’s currently on it. If I refinance, let’s say for 1 million, I would ...
Dave Aheimer
How can I tell if the DSCR is a good rate?
I was recently offered 6.75% (5,5,5,5,5) and 7.25%(5,4,3,2,1) for 75%LTV with a 1PT close on a 700K property I own outright --- Is this a good deal?
William Coet
What are the Best Current Rates/Lenders for 6+unit Multifamily?
Hello,Trying to get an idea of the best sources (lenders) for lowest origination fees and lowest APR for fixed rate loans on 6+ unit multifamily.Thanks!
Josie Kelley
Primary Residence to Mid Term/Short Term Rental Renovations
Hello all,I needed to talk this through with some seasoned individuals so I'm hoping I can get some ideas/guidance. I'm currently house hunting and in the process of lining up financing for a future house hack. I inte...
Melanie King
Loan type question
Hello, I’m looking to buy a STR property with a loan and I’m wondering about advice for the type of loan. I’ve been given quotes for everything from 5 year ARMs, 5 year ARM IO, to 7 to 10 years of both of those on up ...
Colby Willetts
Sell/Refi/HELOC - Best Way to Leverage Our Equity?
We are in a situation where we have built a good bit of equity in our current primary residence and are trying to figure out the best method to leverage that equity to continue building our portfolio as fast as possib...