Kevin T.
BTR LOAN LTC CALCULATION
Hi, I have a question regarding financing on a BTR project I am working on. How does land value affect LTC calculations? Here is the scenario:
We own a piece of entitled land (free and clear no financing on the land)...
Dabvis Le Sutton
Financing first deal
Good Morning BP,I just got pre approved for financing my first rental at 70k. Originally the down payment required from lender was 5% but now they require 20% which take it from 3500 to 14k. If I put 14k my reserves w...
Elvis Nasi
Owner finance or not. If owner finance (advice welcome)
I am walking a 4 unit apartment building next week. I can qualify for a bank loan (local CU) with current offerings (15% down; 20y amortization; 6.5% interest). The other option is owner finance (owner is open to it)....
Manoj N.
Renting to a person who is likely to file for bankruptcy
I have an applicant - a nice family - who applied for my house. Their business went bankrupt in 2007 (filed for a bankruptcy then) and their second business also went into debt due to non-payment from clients 2013. C...
Daryl Guy
I need straight answers I hope the pros can help!
Hi
I am not looking for an investment I am a first time buyer, I cannot find creative financing at all. I have 20-50% down depending on property, I have a 550 fico. Just a bunch of credit card collections. ...
Jeremiah Lee
Help a newbie understand purchasing w/ a HELOC
Hi There!Hoping I could please get some help with some newbie questions. Let's say I have a $150,000 HELOC and i'd like to purchase a SFH out of state which I plan to buy and hold. -Can I use a HELOC to purchase fro...
Daryl Allen
New to the site and REI, Washington state local
Good morning everyone! I am new to REI and bigger pockets and figured I’d start by saying hello! I’ve read several books and watched several videos on investing. Just need to take the jump. After I save up a fe...
Allen Zhu
Bank loans and scaling
I have 10 doors at the moment. I want to scale my rental business but unfortunately I have used up all my traditional 10 loans. What are some other options for bank loans? I’ve heard people talk about portfolio loans ...
Eric Sulek
I'm stuck, help me out please
Hello,I am just starting out and I'm stuck. I am in the pay off all debts (to increase my debt to income ratio) phase while also trying to save up money to start. The only issue is based on my research once I pay of...
Chris L.
Details of selling on land contract
I am considering selling one of our rentals to the current tenants on a land contract.
My questions are:
1. What is the maximum interest rate that Indiana will allow on a land contract?
2. Does anyone know of a com...