Mike Jones
Forming LLCs for rentals
I have few things in mind and not sure on how to go about it.
I have 1 property in MA where i reside and will be closing on a second one soon and I am starting to look into LLC.
The first property has my name on it...
Cam Harris
Came up with a JV idea to bring to seller. Would love feedback
The numbers:3 BR/1.5 BA SFH in good neighborhood with an in-ground poolSale price: $80KEstimates renovation costs: $35KARV: $175K to $185KEssentially the owner is an older gentlemen who was working on getting the prop...
Steve Newsom
Fannie Mae 5-10 Financed Property Lending
Has anyone worked with a lender who has successfully used Fannie Mae's 5-10 program in California or else where.
Elizabeth Chang
Concurrent Closing with HELOC to fund partial downpayment?
Hi all! I am based in NYC and looking to purchase a primary residence Condo in Manhattan. Has anyone successfully done a purchase with 20% down, 80% financing where the buyer only puts down 10% cash, the other 10% is ...
Nathan H.
Wrap around mortgage advice
Hi BP Community,I’m looking for some advice on a mortgage wrap deal I’m looking to do. I’m the seller and would be carrying the financing on a $750,000 duplex. The underlying mortgage is a conforming 30 year fixed and...
Lucien Perreault
What to present an investor when bringing a deal
Good Morning BP,I am planning on writing an LOI for a property in the next week. The deal will be either a 4, 6, or 10 unit property(depends on who accepts my offer). These are all LTR that require some work but the e...
Pamela Burke
Financing arrangements to move a STR loan to an LLC
I see the debate between LLC or no LLC.....I already have one. My first property I bought with cash so there was no issue. I'm interested in some of the great options available with STR arrangements and would like t...
Kayla Birkhead
Financing via a FHA 203k Loan - Any loopholes?
Hi!
My husband and I are learning about opportunities to build a REI business in order to reach financial independence, live on passive income, and build generational wealth. My husband, has work experience in constr...
Rodney K. Cotton
Need 50-60% 1st position loan to go with my seller carry financing 2nd lien
I am negotiating the purchase of an investment property in Hawaii. It has two separate dwellings on one lot. One house is a 3br/2,5ba, with full kitchen, and the second house has a 2br/2ba with full kitchen on the top...
Tony Thompson
At What Point Do I Not Have to Pay PMI?
Hey!
I have made an offer on what will be my first property, an owner occupied duplex. Of course along with principal and interest comes PMI (along with many other monthly expenses).
Say I acquire at least one 2-4 ...